February 10, 2010 (FinancialWire) — Extensions, Inc.’s (OTC: EXTI) Newswire.net, Inc. subsidiary has signed a letter of intent to acquire The Idea Network, Inc., a media and public relations firm.

Newswire said The Idea Network will be “a perfect fit” with the company’s goal of becoming a social media news agency. The Idea Network was started in 2000 as a public relations firm for clients wanting to increase their exposure in the print, radio and television media spheres.

Houston-based Extensions seeks to convert social network activity into search engine optimized keyword traffic for the benefit of its clients. Its Newswire unit is a full service media and public relations agency leveraging a social network of independent journalists.

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