June 1, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Beyond Commerce, Inc. (OTCBB: BYOC) said it has signed a letter of intent to acquire WebYes LLC, an online marketing services firm. The board of directors of both companies has approved the acquisition and the transaction is scheduled to close within the next 30 business days.

WebYes owns and operates a network of web properties focused on finance, insurance, automotive products and services. The web properties contain advice for consumers and offer a range of specialized products and services.

According to Beyond Commerce, WebYes posted $19.5 million in revenues and $3.5 million of EBITDA in 2009.

Beyond Commerce CEO Robert McNulty said that his firm is currently in discussions with several media companies involved in mobile ad networking, online advertising and local advertising, and that the discussions could result in potential acquisitions totaling as much as $100 million in combined annual revenues.

McNulty said, "We believe there are numerous market segments in the ad networking, online advertising and local advertising space industries which are extremely fragmented," and that there is “a tremendous amount of potential for unlimited growth opportunities for companies with a successful roll-up strategy."

Nevada-based Beyond Commerce serves as an e-commerce solution for high traffic web properties.  

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