NewPoint Acquires Publication, Printing Assets from Network Communications
LAWRENCEVILLE, GA—June 28, 2012—NewPoint Media Group has completed the purchase of business assets from Network Communications Inc. (NCI), including all the latter’s print and digital publishing titles and trademarks of long-standing real estate brands, along with NCI’s publication printing division and facilities. Scott Dixon and Stuart Christian, both longtime management executives of NCI, partnered with Lion Equity Partners to form NewPoint Media Group, to complete the purchase.
The brands acquired include The Real Estate Book, Mature Living Choices, Senior Living Choices, New Home Finder, New Homes & Ideas, and New Homes Journal. NCI retains the assets associated with Apartment Finder, Unique Homes, ByDesign Publishing, along with home design titles and Digital Sherpa division.
NCI and NewPoint will continue to have an ongoing business relationship. NCI will provide distribution services to NewPoint while NewPoint provides printing services to NCI.
“We are all pleased with the outcome of this transaction,” said Dixon, NewPoint CEO. “Our president and chief operations officer, Stuart Christian and I have both been associated with these brands and this business for years and are excited about the opportunity to continue to grow. Our visions of future opportunities aligned well with Lion Equity’s vision so our direction and path for NewPoint Media Group is clearly defined. It’s an exciting time for all of us.”
Regarding the purchase of NCI’s state-of-the art-printing facility and publications print division, Christian noted, “Through the years, this division has become experts in niche publication printing and in providing the associated digital assets, such as mobile apps and digital magazines. We specialize in producing quality publications consistently with quick turnaround. We provide these services for a variety of industries now and will continue to expand that business.”
NewPoint Media Group appointed David Brazeal to serve as chief financial officer and retained top management associated with the brands and facility purchased. Brazeal has served as the chief financial officer of investor backed companies in a variety of industries including distribution, manufacturing and business services. He began his career at KPMG and is a Certified Public Accountant.
NewPoint Media Group specializes in targeted media solutions that include both print and digital distribution to create integrated advertising and marketing services that amplify overall effectiveness and results. In addition, the company’s Publications Print Division provides production services to a variety of industries. The organization specializes in integrating print and digital media to effectively reach and engage a targeted consumer audience through local print distribution, Web, mobile, direct mail, and social outlets.