EXHIBIT 99.1


News Release dated February 19, 2016


 


 


 


Rokwader, Inc. Announces
Letter of Intent to Acquire a Leading Express Car Wash Platform with 11 Locations


LOS GATOS,
Calif.--(BUSINESS WIRE)-- Rokwader, Inc. (ROKR) announced today that it has established a subsidiary, the Acquisition Corporation
(“AC"), and has authorized an initial investment in the subsidiary of up to $13 million, to acquire shares in the subsidiary.
The proceeds invested in the subsidiary are intended to be used, in part, to acquire a leading express car wash operator with 11
locations (the “Platform"). The remaining proceeds will be used to acquire additional car wash sites and to grow the
Platform.


Initially,
it is the intent of AC to acquire 5 of the mature locations of the Platform, which generated EBITDA of approximately $1.6 million
in FYE 2015. The remaining 6 locations are expected to be acquired under forward purchase contracts at a fixed multiple of EBITDA.
As the new sites mature to stabilized profitability, AC intends to exercise its right to acquire the sites. The 6 forward purchase
sites are expected to generate similar results as the first 5 locations in annual EBITDA at the time of acquisition exercise. All
of the acquisitions are subject to final due-diligence and definitive agreements (“Definitive Documents”).


The goal
of this strategy is for AC to become the platform for a car wash consolidation intended to scale though the acquisition and development
of additional car wash operations in select geographic regions ("MSAs").


ROKR believes
that the consolidation of the large, but highly fragmented car wash industry represents an excellent opportunity to rapidly grow
the earnings and shareholder value of ROKR, and its subsidiary AC.


About ROKWADER


Rokwader,
Inc., is a holding company which intends to scale through acquisitions in its subsidiaries, Latigo Shore Music, Inc. (“Latigo”)
and the Acquisition Corporation. Latigo is in the music publishing business led by Steve Dorff, the President of Latigo and Director
of Rokwader, who is a long-time successful composer and producer that has often been on the nation's top music charts. AC is an
acquisition platform to consolidate high quality and proven car wash operations in select MSAs.


The statements
made herein which are not historical facts are forward looking statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934. As a result of a number of factors, our actual results could differ
materially from those set forth in the forward-looking statements. Certain factors that might cause our actual results to differ
materially from those in the forward-looking statements include, without limitation, the risk that Rokwader is under no obligation
to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information,
future events or otherwise.


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Rokwader,
Inc.

Robert Wallace, 408-429-8419


Source:
Rokwader, Inc.


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