AllDigital Engages B. Riley for Strategic Advisory Services
IRVINE, Calif., March 12, 2014 (GLOBE NEWSWIRE) -- AllDigital Holdings, Inc.
(OTCBB:ADGL), recently recognized as one of Streaming Media Magazine's
"Streaming Media 100," which honors the most innovative and influential
companies in the online video industry, has announced that it has signed an
engagement agreement with B. Riley and Co., LLC to function as capital markets
advisor to AllDigital. In this capacity, B. Riley will advise AllDigital on
various strategic matters, including potentially raising capital and engaging
in merger and acquisition matters.
"As part of our strategic initiative to focus on ultra low latency
technologies to power our next generation content management system, we are
excited to be working with B. Riley as our investment banker," says Paul
Summers, CEO of AllDigital. "B. Riley has a successful track record and has
advised technology companies at various stages of growth in terms of
completing accretive mergers and acquisitions, fund raising, and sell side
About AllDigital Holdings, Inc.
AllDigital Inc., a leader in digital broadcasting solutions, is the developer
of AllDigital Cloud, a content management system (CMS), focused on the
high-speed management and delivery of data and related digital media content.
AllDigital Cloud supports multiple types of connected devices including
mobile, desktop, and digital television, providing total control over the
global distribution of digital media assets. Serving media and entertainment
companies, enterprise brands, non-profit and government organizations,
AllDigital sets itself apart by offering highly scalable and ultra-low latency
(ULL) digital broadcasting solutions, including cloud storage, origin transit,
content management solutions, integration services, and related customer
support. For more information on AllDigital, please visit
About B. Riley & Co.
B. Riley & Co. is a leading independent investment bank which provides a full
array of corporate finance, research, sales, trading and otcqx dad services to
corporate, institutional and high net worth individual clients. Investment
banking services include merger and acquisitions advisory to public and
private middle market companies, initial and secondary public offerings and
institutional private placements. Its Corporate Governance Advisory Services
Group is engaged by both companies and investors to help maximize value for
shareholders. The firm is recognized for its distinguished Equity Research.
Founded in 1997, B. Riley is headquartered in Los Angeles and maintains
offices in Newport Beach, Del Mar, San Francisco, and New York. It is a member
of FINRA and SIPC. For more information, please visit http://www.brileyco.com.
CONTACT: AllDigital Investor Contact:
AllDigital Media Contact:
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