September 26, 2016 6:15 PM ET

Internet Software and Services

Company Overview of wetpaint.com, inc.

Company Overview

Wetpaint.com, Inc. operates as a media company primarily in North America and Europe. The company uses its proprietary technology to create a portfolio of media properties for social media and monetize audiences. It reports news stories; publishes information content covering television and music entertainment, and celebrity lifestyles; and operates media properties that attract approximately 12 million monthly users. The company was founded in 2005 and is based in Seattle, Washington. As of December 16, 2013, Wetpaint.com, Inc. operates as a subsidiary of Viggle Inc.

710 Second Avenue

Suite 1100

Seattle, WA 98104

United States

Founded in 2005

Phone:

206-859-6300

Fax:

206-859-6301

Key Executives for wetpaint.com, inc.

Co-Founder and Chief Executive Officer
Co-Founder and Vice President of Social Distribution & Analytics
Chief Operating Officer
Executive Editor
Managing Editor of Wetpaint West
Compensation as of Fiscal Year 2016.

wetpaint.com, inc. Key Developments

DraftDay Fantasy Sports, Inc. Enters into a Secured Revolving Loan Agreement with wetpaint.com, Inc. and Choose Digital Inc

On June 27, 2016, Sillerman Investment Company VI, an affiliate of Robert F.X. Sillerman, the Executive Chairman and Chief Executive Officer of the company entered into a secured revolving loan agreement with the company and its subsidiaries, wetpaint.com, Inc. and Choose Digital Inc., pursuant to which the company can borrow up to $1,200,000. The Secured Revolving Loan bears interest at the rate of 12% per annum. The Secured Revolving Loan matures on December 31, 2016, barring any events of default or a change of control of the company. In connection with the Secured Revolving Loan, the company and the Subsidiaries have entered into a Security Agreement with SIC VI, under which the company and the Subsidiaries have granted SIC VI a continuing security interest in all assets of the company and the Subsidiaries, with the exception of the company's interest in DraftDay Gaming Group, Inc. The company intends to use the proceeds from the Secured Revolving Loan to fund working capital requirements and for general corporate purposes.

wetpaint.com Mulls Acquisitions

wetpaint.com, inc. is seeking acquisitions. Robert F.X. Sillerman, Executive Chairman and Chief Executive Officer said, "Leap frogging into the upper echelon of a growing market, we fully expect this to be the spring board for more growth and acquisitions."

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