Released on: September 29, 2008, 9:29 am
Press Release Author: Dawn Rahicki/RMS Networks
Industry: Financial
Press Release Summary: Boston, MA and Fort Lauderdale, FL – September 29, 2008 – RMS Networks (RMS) and World Capital Markets (WCM) today announced the formation of a new company for strategic advertising, promotion, research and technology.
New company’s mission is to serve the needs of private companies that want to go public, raise capital, or present themselves more effectively to interested parties
WCM is now RMS Networks exclusive representative to license rVue® -- RMS’ proprietary digital content and advertising platform
Press Release Body: RMS is the leading Internet-based, digital media and marketing agency that develops, manages and delivers the most relevant video advertising segments to millions of consumers daily. RMS has served the nation’s most respected and recognizable brands, including AutoNation, Blockbuster, Subway, Accenture and Advance Auto Parts.
WCM is the premier resource for private companies that want to go public, raise capital, or present themselves more effectively to interested parties
The new company being formed by RMS and WCM will
promote effective capital raising techniques through rich advertising, metrics,
non-traditional advertising outlets and Internet-based social networks. The
name of this new entity will be announced in the near future.
Clients of the new company will gain market visibility designed to secure private
investments or to take their company public through an initial public offering
or reverse merger by targeting strategic audiences through addressable marketing
services and campaigns. RMS President and Founder, Jason M. Kates,
said: “The RMS platform offers an extremely powerful tool for these
companies, one that is especially timely given the current state of the financial
markets. Teaming with WCM will bring the power of digital media and targeted
social investing to our clients, thereby enhancing the reach and impact of their
marketing and investor relations efforts.”
About
RMS Networks Inc.
RMS is the leading internet-based, digital media and marketing agency that develops,
manages and delivers the most relevant video advertising segments to millions
of consumers daily. Through rVue®, RMS’ proprietary addressable advertising
technology, high-traffic venues and consumers can access HD video content, create
playlists and dramatically enhance the shopping experience. From its headquarters
in Fort Lauderdale, FL., RMS has served the nation’s most respected and
recognizable brands including AutoNation, Blockbuster, Subway, Accenture and
Advance Auto Parts – all with a simple proposition: Where ROI meets awareness.
That’s RMS. Learn more at www.rmsnetworks.com.
About
World Capital Markets, Inc.
WCM is the premier resource for private companies that want to go public, raise
capital, or present themselves more effectively to interested parties. WCM’s
program combines an ever-expanding Internet social network dedicated to investments,
acquisitions, divestitures and financings with world-class support for our clients’
capital-raising programs. WCM’s value-added services include experienced
consulting, cutting-edge media technology, expert public relations, legal and
audit resources – a comprehensive program unique in the industry. WCM
is dedicated to creating a community of people who make key investment decisions
and then present our client companies to them in a way that is both compelling
and persuasive.
WCM’s Chairman and CEO, Richard J. Sullivan, is an entrepreneurial pioneer. He served as Chairman and CEO of Applied Digital Solutions, where he executed a technology rollup involving 42 acquisitions that succeeded in increasing the company's share price from $2.50 to a peak of $18 per share. During Sullivan's decade-long tenure as Chairman and CEO, Applied Digital was one of the highest volume traded stocks on NASDAQ. Sullivan also served as Chairman and CEO of Digital Angel Corporation and led the effort to spin off VeriChip Corporation. In 1970, he was a founding member of the management team of Manufacturing Data Systems, Inc., which listed at $7.50 per share and was sold to Schlumberger N.V. in 1980 at $65 per share.
WCM’s Chairman and CEO, Richard J. Sullivan, commented: “We’re extremely pleased to join forces with RMS. Working together, we’ll be able to accelerate investment and growth opportunities for a wide range of financially solid private and public companies. Our approach builds on the successful growth strategies we have executed in the past. RMS’ innovative digital capabilities and cutting-edge technologies will be of enormous benefit to our clients.”
The new company will have a strategic relationship with Accretive Exit Capital Partners, Boston, MA, and West Palm Beach, Fl., www.Accretiveexit.com, a liquidity producing secondary investment firm, whose investment strategy targets a diversified pool of late-stage growth companies from vintage 1999-2003 buyout funds. The two companies will explore innovative ways to expand the new company in the future.
Regarding
the licensing of rVue®, WCM and RMS
have signed a definitive agreement to offer the platform on a worldwide, exclusive
basis. rVue® is RMS’ proprietary
digital content and advertising platform that connects advertising agencies
with digital destinations such as digital signage, mobile and web outlets.
Web Site: http://rmsnetworks.com
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