LONDON, March 12, 2013 /PRNewswire/
-- TCA Global Credit Master Fund and Social Reality
(SCRI:OTC BB), a unique social media company, have announced they
have closed on a $5,000,000 Senior
secured line of credit agreement. Under the terms of the
agreement, TCA Global Credit Master Fund, L.P. has
committed to lend a total of $5,000,000
USD through one of the Funds senior secured lines of credit,
with the initial draw set at a percentage of the note balance.
Following the initial draw, the Company must meet specific monthly
collateral requirements to further draw upon their line of credit
provided by TCA.
Headquartered in California,
Social Reality "focuses on custom application development, social
cause marketing partnerships and Facebook app network media sales
and sponsorships." The company serves Fortune 500 and 1000 brands
and the top digital ad agencies in the world.
CEO and CO-Founder of Social Reality, Mr. Christopher Miglino states the firm is "excited
to be working with TCA on the companies financing needs",
and that "the financing will help us in the deployment and growth
of our GroupAd and SR Ad Exchange products" Social Reality has
developed a suite of Facebook and Mobile applications that are
available on a software as a service basis through their GroupAd
platform. Both large and small brands can utilize the platform to
launch and manage their social media efforts. They also provide re
targeting and media programs through their Social Reality Ad
Exchange.
TCA Global Credit Master Fund, TCA, is a short
duration, absolute return fund specializing in senior secured
lending and advisory services to small, mainly listed companies
predominately in the U.S., Canada,
Western Europe and
Australia. TCA's specialist business fills the underserved
small-cap lending gap which exists in these leading markets.
TCA Founder, Mr. Bob Press
has more than 20 years of experience in this niche small-cap
lending space, and has worked with the fund's Portfolio Manager
Donna Silverman since 2001. The
teams unparelled level of domestic and cross-border expertise,
long-standing relationships and funding innovations, reflects in
the number of completed transactions.
TCA Global Credit Master Fund provides a unique offering
for investors seeking absolute, uncorrelated returns in the small
cap debt universe. For more information about TCA Global
Credit Master Fund, visit:www.tcaglobalfund.com
For more information about Social Reality,
visit: SocialReality.com
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All statements
other than statements of historical facts included in this press
release are forward-looking statements. These statements relate to
future events or to the Company's future financial performance, and
involve known and unknown risks, uncertainties and other factors
that may cause our actual results, levels of activity, performance
or achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or
implied by these forward-looking statements. Investors should not
place any undue reliance on forward-looking statements since they
involve known and unknown, uncertainties and other factors which
are, in some cases, beyond the Company's control which could, and
likely will, materially affect actual results, levels of activity,
performance or achievements. Any forward-looking statement reflects
the Company's current views with respect to future events and is
subject to these and other risks, uncertainties and assumptions
relating to operations, results of operations, growth strategy and
liquidity. Such risks, uncertainties and other factors, which could
impact the Company and the forward-looking statements contained
herein, are included in the Company's filings with the Securities
and Exchange Commission. The Company assumes no obligation to
publicly update or revise these forward-looking statements for any
reason, or to update the reasons actual results could differ
materially from those anticipated in these forward-looking
statements, even if new information becomes available in the
future.
SOURCE Social Reality