Monster Arts Inc. (OTCBB:APPZ) entered into an agreement to acquire Travel America Visitor Guide from Iconosys, Inc. for $0.25 million on August 8, 2013. Pursuant to the terms of the transaction, consideration will be paid by Monster Arts partly in cash of amount $0.05 million which includes a cash payment within five business days of closing in the amount of $0.01 million, issue of 1-year promissory note of amount $0.05 million and issue of 1.05 million shares of Monster Arts. For the year ended December 30, 2012, Travel America Visitor Guide had revenues of $0.12 million. The deal is has been approved by Board of Monster Arts.

Monster Arts Inc. (OTCBB:APPZ) completed the acquisition of Travel America Visitor Guide from Iconosys, Inc. on August 12, 2013.