StationDigital Hires Monarch Bay Securities to Manage Public Offering
LOS ANGELES, April 25, 2014 /PRNewswire/ -- LA-based Internet radio and digital broadcast platform StationDigital Corporation (OTCQB: ALDV) today announced it has engaged Monarch Bay Securities as its placement agent to facilitate the placement of the company's securities of its reverse merger with Alarming Devices, Inc.
StationDigital acquired an 88.3 percent controlling ownership interest in Alarming Devices on March 14, 2014 and announced completion of reverse merger on April 24th, 2014. The company is currently applying for FINRA approval on its name and ticker symbol change.
"We look forward to working with the experienced team at Monarch Bay as we finalize our acquisition and move forward with our planned public offering," said Timothy Roberts, CEO of StationDigital. "The explosive growth of our free music streaming and recommendation service has launched us recently into the top five ranking among free music services and we have aggressive plans to expand our unique platform rich media content into new global markets."
The SD app and web service, which offers free music, music videos, movies and TV, provides a highly curated playlisting and recommendations system, plus the unique SD Rewards program that allows listeners to "Sit Back, Relax and Earn Rewards." With a library of more than 23 million songs, StationDigital provides quality streaming content to satisfy the most eclectic music and media tastes. Listeners can enjoy playlists developed by noted music experts and create their own lists based on themes, locations and interests, in addition to artist or genre.
To learn more about StationDigital, please visit www.stationdigital.com
About StationDigital Corporation
StationDigital is a multimedia digital broadcast company that offers free music, music videos, movies and TV with over 30 million songs and titles. StationDigital provides both genre-based and artist-based discovery stations to suit an endless variety of tastes, and a personal recommendation service for more than five million unique users – all available both online and through iOS and Android mobile apps. StationDigital users can customize their listening experience by selecting playlists and stations based on themes, interests and location, as well as favorite artists/title or genre and by providing feedback on what they like or dislike. StationDigital also offers the industry's first rewards program, SD Rewards, in which users earn points for listening or watching, sharing and inviting friends on social media to enjoy StationDigital. SD Rewards points are redeemable in the StationDigital online store to purchase an assortment of physical merchandise and digital goods and additional discounts. StationDigital offers a wide array of services for artists, from white-labeled e-commerce solutions to publishing, merchandising, marketing, content acquisition, licensing and promotions. StationDigital is headquartered in Los Angeles. For more information, visit www.stationdigital.com or download the StationDigital app for Android or iOS mobile devices.
About Monarch Bay Securities, LLC.
Headquartered in Newport Beach with offices in El Segundo, California, California, Ridgefield, Connecticut and Portland, Oregon, Monarch Bay Securities, LLC. (member FINRA/SIPC), is a full-service investment bank involved in corporate finance, mergers and acquisitions, sales and trading and other capital market services.
For more information, visit: www.mbsecurities.com
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company's current plans and expectations, as well as future results of operations and financial condition. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE StationDigital, Inc.