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Response from Montavo, CEO Brook Lang, regarding AP story.

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dmoinvest   Monday, 09/20/10 02:01:23 AM
Re: PENNYGOLD post# 142
Post # of 1275 
Response from Montavo, CEO Brook Lang, regarding AP story.

Please note that he provided the link to the article and that his correct quote to the reporter was Sub $10 mil total, meaning less than that amount.

He has also clarified that MTVO is currently seeking around $3 mil. at an enterprise value (see below).

Moody Capital and Crucible Capital Group will be working in tandem to fill the PPM which seeks around $3 mil at an anticipated private placement s/p of .02-.06. The PPM offering is for unregistered shares and thus will be restricted. This should allay fears of immediate dillutive effects and allow Montavo to utilize funds to enhance enterprise value prior to any future financing.

I hope everyone enjoyed their weekend. MTVO many good days ahead.

Best to all.

D



Fri, September 17, 2010 2:47:44 PMMontavo
From: Brook Lang <[email protected]>View Contact
To: <[email protected]>


--------------------------------------------------------------------------------

David,


Thank you for your question regarding the recent AP press on Montavo. For clarification the quote from the question asked was “sub $10m”.


http://finance.yahoo.com/news/Ad-startup-Montavo-seeks-to-apf-3355964361.html?x=0&.v=1


From the Press Release on 9/16/2010:

“Montavo, with strategic advisory and execution assistance of Crucible Capital, will work towards funding the Company at an enterprise value which appropriately reflects the value of the underlying software and platform assets.”


From your question for further clarification, currently Montavo is looking at around $3m at an enterprise value.


Talk soon,


Brook W. Lang

Montavo

+1-425-747-5500

+1-425-747-5501 Fax

[email protected]

www.Montavo.com




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