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Modavox Retains Kingsdale Capital as Investment Banker and Strategic Advisor
PHOENIX -- Modavox, Inc. (OTCBB:MDVX - News), ), Internet broadcasting pioneer and holder of several patented technologies, announced today that it has retained Kingsdale International Corp. as its and strategic advisor and Kingsdale Capital Markets (USA) Inc. as a potential placement agent, both are subsidiaries of Kingsdale Capital Corporation (www.kingsdalecapital.com). Kingsdale Capital Corporation is an internationally recognized investment banking firm delivering corporate finance and capital market solutions for corporations, institutional investors and high net worth accredited investors
Kingsdale International Corp. and its affiliated companies work with domestic and foreign companies in the biotech, media, manufacturing, mineral resource, natural resource and new technology arenas with companies valued between $50 million and $500 million. Services include mergers and acquisitions, proxy solicitations, valuations, private equity, reverse takeovers and a focus on leveraged buyouts. The company's principals are veteran investment bankers, strategic thinkers, and highly skilled managers with significant core competency in the sectors listed above.
"We're excited to be working with Modavox and their highly skilled management team. We've completed initial due diligence on both their patented intellectual property portfolio and the vital role we believe it plays in multiple verticals within the internet online advertising space. Furthermore, we have researched comparable valuations established in recent transactions for unique audiences comparable to that of their internet radio divisions.
In light of recent consolidation in the space and recent articles sighting the growth in behavioral targeting, including the doubling of spending to $1 billion next year, we believe the company to be in the right space at the right time, possessing some highly sought after and potentially very undervalued assets. We expect to advise management in its continuing effort to ensure that the company is not only strategically positioned to defend their intellectual property, but to maximize its value." stated Nikolas Konstant, President of Kingsdale International Corp.
David J. Ide, CEO of Modavox stated, "Partnering with Kingsdale International Corp. puts us in a strong position enabling us to vigorously execute our business plan on multiple fronts simultaneously. We look forward to working in concert with them as we collectively focus on opportunities that may create or bolster shareholder value."
About Modavox
Modavox, Inc. is a pioneer in Internet broadcasting, producing and syndicating online audio and video, offers innovative, effective and comprehensive online tools for reaching targeted niche communities worldwide. Through patented Modavox technology, Modavox delivers content straight to desktops and Internet-enabled devices. Modavox provides managed access for live and on-demand Internet Radio Broadcasting, E-learning and Rich Media Advertising. More information about Modavox can be found at www.modavox.com
Forward-Looking Statements
This release contains "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause Modavox's actual results to differ materially from those currently anticipated, including the risk factors identified in Modavox's filings with the Securities and Exchange Commission.
Media Contact:
Sonja Darte'
VoiceAmerica Network / Modavox, Inc.
Sonja.darte@modavox.com
480-294-6404
Kingsdale International Corp.
Nikolas Konstant
nkonstant@kingsdalecapital.com
310 444 6377 ext. 131
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