SoMedia
Networks (TSX-V:VID) (“SoMedia,” “the Company”), the pioneer of
scalable cloud-based video production solutions, is pleased to announce
that it has engaged The Howard Group as its strategic investor
communications advisor. The Howard Group will direct both traditional
and online initiatives targeting the investment community and the
investing public.
The Agreement has a term of one year effective July 1, 2015. The
remuneration payable to the Howard Group will be $7,500 per month plus
GST and the Company shall grant the Howard Group 500,000 stock options,
which shall be exercisable at $0.25 per share. The Agreement together
with the granting of the stock options is subject to the approval of the
TSX Venture Exchange.
The Howard Group and the associated Insight Limited Partnership II
recently purchased a total of 400,000 units in SoMedia’s Special Warrant
financing.
Since 1988, The Howard Group has provided comprehensive investor
outreach and capital markets programs, business development solutions,
strategic planning and financing services to public companies. The
Howard Group is associated with the Insight Limited Partnership II,
which invests in micro and small cap companies.
In addition, The Howard Group Inc. will be providing an ongoing
commentary on SoMedia’s activities through its “Insight” blog.
Interested parties are encouraged to subscribe to the commentary feed: https://howardgroupinc.com/howard-group-blog/.
About SoMedia Networks
SoMedia Networks, the creator of Scalable Video, has reengineered how
businesses access video content creation, production and deployment. The
cloud-based SoMedia Platform allows businesses, brands and media to
easily order the production of custom video content at scale and volume,
anywhere, on demand, with rapid turnaround, and at a fraction of current
costs.
SoMedia provides Scalable Video as an integrated solution to corporate
partners, as a resale solution through thousands of web marketing firms
and directly to digital agencies and millions of SMBs across North
America. For more information visit: 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.
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