Digital Media Company - $1.2MM EBITDA

Defensible niche business with 70%+ reoccurring revenue, 30%+ EBITDA margins and 90%+ free cash flow conversion, B2B2C services with a highly scalable platform, massive addressable market, and extensive base of loyal followers.

With over 3mm subscribers, 2mm social media followers, and nearly 1,000 national and hyper-local websites and e-newsletters, Project Chocolate (or the “Company”) combines multiple digital medial platforms to deliver content and deals that help parents create fun, memorable experiences with their families. The Company is the largest publisher of parent-focused, hyper-local digital content in the U.S., reaching subscribers in 48 states. Chocolate generates revenue through advertising and deal promotion campaigns for both small and large companies, working with some of the most well-branded companies in the world. For 2024, the Company is on track to generate $3.6 million of Net Revenue and $1.2 million of Adjusted EBITDA, with a Free Cash Flow Conversion Rate of approximately 90%.