Velti Announces Pricing of $24.8 Million Offering of Ordinary Shares

  Velti Announces Pricing of $24.8 Million Offering of Ordinary Shares

Business Wire

DUBLIN & SAN FRANCISCO -- April 19, 2013

Velti plc (Nasdaq: VELT), the leading global provider of mobile marketing and
advertising technology and solutions, today announced it has entered into a
securities purchase agreement with certain institutional accredited investors
to sell 16,529,412 ordinary shares at a price of $1.50 per share. The
aggregate gross proceeds of the offering are $24.8 million. The Company
intends to use the proceeds of the offering to pay certain deferred
acquisition consideration totaling approximately $16.5 million relating to its
November 2011 acquisition of MIG, and for research and development of the
Company's technology solutions, working capital, and general corporate
purposes. The Company has agreed to file a registration statement registering
the securities for resale.

This announcement is neither an offer to sell nor a solicitation of an offer
to buy any of these securities and shall not constitute an offer, solicitation
or sale in any jurisdiction in which such offer, solicitation or sale is
unlawful.

The securities have not been and will not be registered under the Securities
Act of 1933, as amended, or any state securities laws and may not be offered
or sold in the United States absent registration or an applicable exemption
from the registration requirements.

Forward Looking Statements

This press release may contain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act, with respect to Velti's
future financial or business performance, strategies and expectations.
Forward-looking statements are typically identified by words or phrases such
as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,”
“expect,” “anticipate,” “current,” “intention,” “estimate,” “position,”
“assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,”
“achieve,” and similar expressions, or future or conditional verbs such as
“will,” “would,” “should,” “could,” “may” and similar expressions. Velti
cautions that forward-looking statements are subject to numerous assumptions,
risks and uncertainties, which change over time. Forward-looking statements
speak only as of the date they are made, and Velti assumes no duty to and does
not undertake to update forward-looking statements. Actual results could
differ materially from those anticipated in forward-looking statements and
future results could differ materially from historical performance.

In addition to factors previously disclosed in Velti's filings with the
Securities and Exchange Commission (SEC) and those as may be identified
elsewhere in this press release, the following factors, among others, could
cause actual results to differ materially from forward-looking statements or
historical performance: general economic and business conditions in the U.S.
and abroad, changing interpretations of generally accepted accounting
principles, changes in market acceptance of the company's products, inquiries
and investigations and related litigation, fluctuations in customer demand,
management of rapid growth and intensity of competition. The information set
forth herein should be read in light of such risks. Velti does not assume any
obligation to update the information contained in this press release.

Contact:

Velti
Jeffrey G. Ross
Chief Financial Officer
jross@velti.com
Leslie Green, 650-312-9060
Investor Relations
lgreen@velti.com
 
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