VANCOUVER, British Columbia--SoMedia Networks (VID:CA) (“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.
George Fleming, 604-683-5510
Annette Leach, 415-840-2790
Greg Werbowski, 604-683-5510 ext. 590
The Howard Group Inc.
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