Adaptive Medias Inc (fka ADTM)

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Adaptive Medias, Inc. Announces Agreement to Raise $5.2 Million in Private Placement

Capital Infusion Strengthens Balance Sheet and Funds to Capitalize on Rapidly Expanding Market Opportunity


Marketwired - Adaptive Media, Inc. - 48 minutes ago

IRVINE, CA--(Marketwired - Sep 15, 2014) - Content syndication and monetization company, Adaptive Medias, Inc. (OTCQB: ADTM), a leader in programmatic advertising across mobile, video and online display, announced today that it has closed private placements with two institutional investors. The Company has agreed to sell an aggregate of 2.13 million shares of its common stock at $2.25 per share, for total gross proceeds of $5.2 million.

The Company intends to use the aggregate net proceeds from the transaction to aggressively expand its customer acquisition through accelerated sales and marketing efforts, as well as for other general corporate purposes

Qayed Shareef, Chief Executive Officer of Adaptive Medias, Inc. stated, "We have been fortunate enough to have consistent financial support from our investors. It is a clear vote of confidence in our platform and strategy. As a company, we are now positioned financially and technically for explosive growth. This new capital will allow us to aggressively take our end-to-end multi-screen video solution to market. We have a proven technology and infrastructure to become a leader in the highly fragmented digital video and mobile space."

Mr. Shareef added, "Our timing couldn't be better. Mobile video consumption is growing at an estimated 40% year over year. With the clear movement of users to a multi-screen approach, publishers are struggling with multiple vendors to meet this demand. Our single source solution addresses their concerns and allows them to maximize this shifting trend in usage."

For more information about Adaptive Media, please visit www.adaptivem.com.

About Adaptive Media

Adaptive Media is a programmatic audience and content monetization provider for website owners, app developers and video publishers who want to more effectively optimize content through advertising. The Company provides a foundation for publishers and developers looking to engage brand advertisers through a multi-channel approach that delivers integrated, engaging and impactful ads across multiple devices. Adaptive Media meets the needs of its publishers with an emphasis on maintaining user experience, while delivering timely and relevant ads through its multi-channel ad delivery and content platform. For more information, please visit www.adaptivem.com. Also, follow us on Twitter at @adaptive_m.

Contact:

For Further Information
Adaptive Media Investor Relations:
Casey Stegman
Stonegate, Inc.
Phone: [phone]
Email: [e-mail]

http://finance.yahoo.com/news/adaptive-medias-inc-announces-agreement-101500346.html