Modavox announced this morning that it has retained the services of Kingsdale International Corp. and Kingsdale Capital Markets (USA), Inc. Both companies are subsidiaries of Kingsdale Capital Corp. and will serve Modavox as its strategic advisor and as a potential placement agent.
Kingsdale Capital Corporation is recognized on a global basis and is focused on delivering corporate finance and capitalmarket solutions for corporations, institutional investors as well as high net worth accredited investors.
Kingsdale International Corp. and its affiliated companies work with both domestic and foreign companies in the biotech, media, manufacturing, mineral resource, natural resource and new technology industries. The company’s principals consist of veteran investment bankers, strategic thinkers, and highly skilled managers with significant proficiency in the sectors mentioned above.
Nikolas Konstant, President of Kingsdale International Corp., stated, “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,” commented Konstant.
David J. Ide, CEO of Modavox added, “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.”
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