Adaptive Medias Announces Licensing Agreement With OneScreen
February 13 2014 - 6:15AM
Marketwired
Adaptive Medias Announces Licensing Agreement With OneScreen
Expanded Technology Partnership and New Agreement Adds Further
Momentum Toward a Potential Future Transaction
IRVINE, CA--(Marketwired - Feb 13, 2014) - Multi-channel
audience and content monetization company, Adaptive Medias,
Inc. (OTCQB: ADTM), a leader in programmatic advertising
across mobile, video and online display, announced today that it
has signed a licensing agreement with OneScreen, Inc., dating
from December 2013 through the First Quarter of 2014. OneScreen is
a business-to-business digital video software and services provider
with hundreds of customers representing hundreds of thousands of
licensed videos.
The two Irvine, California-based companies previously announced
a Letter of Intent to enter a joint venture or other similar
transaction, and are in active discussions around a potential
business combination. In this agreement, Adaptive Media will
receive a majority of OneScreen's net revenues from December 2013
through March 2014. Additionally, Adaptive's real-time bidding
("RTB") platform, Ember, will now power all of the video ad-serving
requirements for OneScreen.
"This is another step in what we think has the potential to be a
very exciting, lucrative and mutually-beneficial relationship for
our two companies," said Adaptive Media CEO, Qayed
Shareef. "OneScreen is a pioneer in digital video and has
developed one of the most robust video content management platforms
on the market. Combining their capabilities in video with our
expertise, compliance DNA and advanced RTB systems across mobile,
online display and video makes for a unique and powerful
combination in the industry."
In recent months, Adaptive Media has made several strategic
announcements that have positioned the company in the center of the
advertising technology industry. The Company's technology platform,
born from a combination of acquisition and build, is competitive
and on-par with larger legacy competitors that have raised hundreds
of millions of dollars in venture capital. Overall, Adaptive has
raised a fraction of the capital yet still sits in an enviable
position in the industry alongside other incumbents. For instance,
recent announcements and S-1 filings by Supply-side platforms
Rubicon Project and Pubmatic, which has an estimated valuation
greater than $1 billion, exhibit the scale and volume Adaptive
Media believes it can achieve for investors.
"We look forward to sharing additional information on our plans
with OneScreen as we finalize details in the near future," Shareef
concluded. "We believe investors will take notice of the compelling
growth story happening at Adaptive Media right now."
ABOUT ADAPTIVE MEDIA
Adaptive Media is a programmatic audience and content
monetization provider for website owners, app developers and video
publishers who want to more effectively optimize content through
advertising. The company provides a foundation for publishers and
developers looking to engage brand advertisers through a
multi-channel approach that delivers integrated, engaging and
impactful ads across multiple devices. Adaptive Media meets the
needs of its publishers with an emphasis on maintaining user
experience, while delivering timely and relevant ads through its
multi-channel ad delivery and content platform.
For more information, please visit: www.adaptivem.com. Follow us
on Twitter at @adaptive_m.
ABOUT ONESCREEN
OneScreen is a provider of business-to-business digital video
services that empower publishers, producers and advertisers with a
network to discover opportunities, a platform to manage operations,
and a marketplace to transact business. OneScreen provides digital
video solutions for multi-channel networks to build a path to
scale, operate and monetize beyond major distribution channels,
publishing solutions to drive subscriber engagement, and
advertising solutions to develop new revenue streams across
networks. For more information, please visit:
www.onescreen.com.
Safe Harbor Statements:
This Press Release may contain certain forward-looking
statements within the meaning of the Securities Litigation Reform
Act of 1995. Adaptive Medias, Inc. has tried, whenever possible, to
identify these forward-looking statements using words such as
"anticipates," "believes," "estimates," "expects," "plans,"
"intends," "potential" and similar expressions. These statements
reflect Adaptive Medias' current beliefs and are based on
information currently available to it. Accordingly, such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which could cause Adaptive Medias'
actual results, performance or achievements to differ materially
from those expressed in or implied by such statements. Adaptive
Medias undertakes no obligation to update or provide advice in the
event of any change, addition or alteration to the information
contained in this Press Release including such forward-looking
statements.
Adaptive Medias
Publicity Contact: Mike Sprouse President & CEO Sprouse
Marketing Group Phone: (312) 396-4106 Email:
mike@sprousemarketing.com Adaptive Medias Investor
Contact: Kevin Fickle President Nuwa Group LLC Phone: (925)
330-8315 Email: kevin@nuwagroup.com