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NTN Buzztime, Inc. Announces Final Results of Rights Offering

Feb 28, 2012 17:08:00 (ET)

CARLSBAD, Calif., Feb. 28, 2012 /PRNewswire via COMTEX/ -- NTN Buzztime, Inc. (NTN, Trade ) today announced the final results of its rights offering. A total of 2,070,450 shares of common stock are being issued pursuant to the rights offering. In addition, under and in accordance with the terms of the investment agreement the Company entered into with Matador Capital Partners, L.P., Matador purchased 8,000,000 shares of the Company's common stock not subscribed for and purchased by holders upon exercise of their subscription rights. The Company received gross proceeds of $2.5 million from the rights offering and under the investment agreement.

A total of 70,997,634 shares of common stock will be outstanding once all new shares have been delivered.

About Buzztime

NTN Buzztime, Inc. (NTN, Trade ) is aleading bar and restaurant social entertainment and integrated marketing platform. Trusted by over 3,900 bars and restaurants in North Americasince 1985, Buzztime integrates trivia, card and sports games with in- and out-of-venue messaging and communication tools. With over 2,400,000 registered consumers and nearly 52,000,000 games played each year, Buzztime players spread the word and invite friends and family to their favorite Buzztime locationto enjoy an evening of fun and competition. With Buzztime entertainment and marketing solutions, bars and restaurants attract new customers, turn casual visitors into regulars, and give guests areason to stay longer. For the most up-to-date information on NTN Buzztime, please visit www.buzztime.com or follow us on Facebook or Twitter. To get Buzztime for your bar or restaurant, visit www.getbuzztime.com .

COMPANY CONTACT:

KendraBergerChief Financial OfficerNTN Buzztime, Inc.[phone]

CCG CONTACT:

Mark CollinsonPartnerCCG Investor Relations(310) 954-1343

SOURCE NTN Buzztime, Inc.