Lead generation business SMA Alliance is to acquire two social networking sites with approximately 251,000 members for an undisclosed amount. The purchase of the social networking site bizwrk.com and palwow.com allows a sufficient base for research and development of SMA’s technology in the employment sector.
SMA plans to enter additional sectors with its lead generation software and applications, specifically targeting the Search and Placement Sales sub-sector of the Employment Staffing industry in the U.S. The Employment Search and Placement Sales industry generates approximately $8 billion of $62 billion annually, according to American Staffing Association.
The combined sites, under bizwrk.com, would allow employers to place employment ads and have those job opportunities be presented directly to the social members according to their employment qualifications. The business and revenue models will be presented after the R&D phase is complete.
“We know how to sell our products and believe we can make a significant impact on improving local unemployment nationwide. Let’s get America working,” said Anthony Baker, President of SMA.
This project should be in R&D for approximately 90 days.
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