Private financing from American Capital to fuel strategic growth of
Internet media and technology company including future acquisitions
GUELPH, ON, March 6 /CNW Telbec/ - Geosign Group Holdings Inc. and
Geosign Technologies Inc., members of the Geosign Group of Companies
("Geosign"), today announced the closing of $160 million in private financing
from American Capital Strategies Ltd. (Nasdaq: ACAS). Geosign is an Internet
media company focused on online publishing and targeted search. Proceeds from
the financing will be used for working capital and to support the Company's
strategic growth initiatives including future acquisitions, as well as
RBC Capital Markets acted as the exclusive private placement agent for
Geosign on this transaction.
"We are excited to partner with American Capital as we move at an
accelerated pace through our next growth phase," said Ted Hastings, President
of Geosign. "The additional capital will allow us to strengthen our core
product lines and provide flexibility to make strategic acquisitions of
complementary technologies and Internet properties."
"We're looking forward to working with Geosign's visionary and
entrepreneurial management team as they build on the Company's position as a
global Internet technology, marketing and media leader," said Virginia M.
Turezyn, Managing Director, American Capital Technology Group. "With its
strong leadership, demonstrated ability to adapt to changing market conditions
and unique ability to enhance user experience, Geosign is well positioned for
ongoing growth as the Internet ecosystem continues to grow and evolve."
Founded in 2000, Geosign is a privately-held Internet media leader
focused on online publishing and targeted search. With more than 180 web sites
in 20 categories, Geosign attracts over 35 million unique visitors to its
network of sites on a monthly basis. Some of Geosign's popular sites include
GizmoCafe.com, DietNation.com, ThinkFashion.com, TheRenewablePlanet.com,
TrueLocal.com, CosmeticSurgeryInsider.net and Nomadik.com. Please visit
www.geosign.com for more information.
(C) Geosign Corporation 2000-2007
About American Capital
American Capital is the second largest U.S. publicly traded alternative
asset manager with approximately $11 billion in assets under management
(second to Fortress (NYSE: FIG)). American Capital, both directly and through
its global asset management business, is an investor in management and
employee buyouts, private equity buyouts, and early stage and mature private
and public companies. American Capital provides senior debt, mezzanine debt
and equity to fund growth, acquisitions, recapitalizations and
securitizations. American Capital and its affiliates invest from $5 million to
$750 million per company in North America and (euro)5 million to (euro)400
million per company in Europe.
For further information:
For further information: Cerys Goodall, High Road Communications, (for
Geosign Corporation), (613) 236-0909 x309, firstname.lastname@example.org; Ian Buck,
High Road Communications, (for Geosign Corporation), (416) 644-2249,
email@example.com; Jennifer Burke, Manager, Public Relations, American
Capital Strategies, Ltd., O - (301) 841-2017, C - (301) 642-7362, F - (301)