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 positining, 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 VID@liolios.com.
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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