|By Business Wire||
|April 3, 2014 04:40 AM EDT||
SoMedia Networks, Inc. (TSXV:VID) (the “Company” or “SoMedia”), the pioneer of globally scalable cloud-based video production and marketing solutions, has engaged Liolios Group, Inc. (“Liolios Group”) to lead its new strategic investor relations and financial communications campaign in the U.S.
“Over the last year, our reseller network has grown by more than 500% to 4,000+ partners that provide internet marketing services to millions of small to medium sized businesses,” said George Fleming, CEO and director of SoMedia Networks. “With our new SoMedia Direct solution introduced today in partnership with Web.com (NASDAQ:WWWW), one of the world’s largest web service providers for small business with more than 3.1 million subscribers, we’ve arrived at a clear inflection point in our growth and development.”
“Given this tremendous progress and positive momentum, we believe our shareholders would benefit from an experienced team of investor relations professionals to help us navigate the U.S. capital markets and increase awareness of our story in the financial community,” continued Fleming. “Liolios Group brings to SoMedia a proven track record of helping technology companies enhance shareholder value by delivering the right message to the right audience, and building high-quality, long-term relationships in the investment community.”
Liolios Group will work closely with SoMedia’s management to develop and deploy a comprehensive capital markets strategy, which will include focused messaging and corporate positioning, strategic advisory, and introductions to investors and key influencers in the U.S. financial community. This will also include scheduling road shows and financial conferences for management over the next several months.
Terms of Liolios Group Engagement
Subject to the approval of the TSX Venture Exchange, SoMedia’s initial nine-month engagement of Liolios Group calls for the payment of US$6,500 per month through the end of December 2014. The engagement also calls for the grant of 135,000 stock options, with one quarter vesting every three months over a period of one year. The options give the holder the right to acquire up to an aggregate of 135,000 common shares of SoMedia at $0.43 per share. The engagement also provides for the reimbursement of pre-approved and reasonable expenses associated with the services to be provided under such engagement.
For additional information about SoMedia, contact Liolios Group at 949-574-3860 or email [email protected].
About Liolios Group, Inc.
Liolios is a highly selective and comprehensive investor relations firm specializing in small-cap companies. The firm aims to deliver superior performance in corporate messaging and positioning, investor awareness, analyst and financial press coverage, and capital attraction. Founded in 1999, Liolios Group executives have extensive experience in finance and investments, and represent clients in a wide range of industries, including technology, digital media, consumer/internet retail, healthcare/life sciences, natural resources and business services. For more information about Liolios Group, please visit www.liolios.com.
About SoMedia Direct
SoMedia Direct provides Web.com customers with access to professional video production services anywhere in North America at the lowest price points together with free customizable video players and robust video analytics capabilities. Offered with complimentary access to expert video production advisors SoMedia Direct provides Web.com with a tool to expand their Do-It-Yourself and Do-It-For-Me internet marketing services to include video production and marketing.
About SoMedia Networks Inc.
SoMedia is a pioneer of integrated video content production, marketing and analytics solutions. The Company’s scalable cloud-based video content production platforms provide resale, white-label, and on demand video production services to thousands of web marketers, digital agencies, corporate brands and media companies across North America.
With its “technology-first” approach, SoMedia provides a range of ground breaking video production and marketing services and products that break down the traditional barriers of cost, volume and reach—making it easy for partners to deliver online video solutions to their clients simply and affordably, anywhere, at scale. To learn more, go to: www.somedia.net.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the qualification under the securities laws of such jurisdiction.
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