Paltalk Engages Roth Capital Partners to Assist With Its Strategic Initiative of Mergers and Acquisitions
June 28 2022 - 8:30AM
via NewMediaWire
– Paltalk, Inc. (“Paltalk,” the “Company,”
“we,” “our” or “us”) (Nasdaq: PALT), a leading communications
software innovator that powers multimedia social applications,
today announced that its Board of Directors has approved the
engagement of Roth Capital Partners, LLC (“Roth”) as the Company’s
financial advisor and investment banker to explore strategic
initiatives focused on buy-side acquisitions.
Jason Katz, Chairman and CEO of Paltalk, commented, “With our
recent acquisition of Visicom Media Inc.’s ManyCam assets, our
Board of Directors has decided to retain and engage Roth to
strengthen our ongoing efforts to identify and close additional
acquisitions to accelerate our growth and profitability. We are
excited to work closely with Roth as we seek to expand our
communications software and multimedia social applications, which
we believe has the potential to provide substantial value to
Paltalk stockholders. We believe our Nasdaq listing status, cash
position and current operating business strategy provide us a
strong platform to execute our strategic plan to acquire additional
complementary and synergistic businesses.”
ABOUT PALTALK, INC. (Nasdaq: PALT)
Paltalk, Inc. is a communications software innovator that powers
multimedia social applications. Our product portfolio includes
Paltalk and Camfrog, which together host one of the world’s largest
collections of video-based communities. Our other products include
ManyCam, Tinychat and Vumber. The Company has an over 20-year
history of technology innovation and holds 14 patents. For more
information, please visit: www.paltalk.com.
ABOUT ROTH CAPITAL PARTNERS, LLC
Roth Capital Partners, LLC is a relationship-driven investment
bank focused on serving emerging growth companies and their
investors. As a full-service investment bank, Roth provides capital
raising, M&A advisory, analytical research, trading,
market-making services and corporate access. Headquartered in
Newport Beach, CA, Roth is privately-held and employee owned, and
maintains offices throughout the U.S. For more information on Roth,
please visit www.roth.com.
To be added to our news distribution list, please visit:
http://www.paltalk.com/investor-alerts/.
FORWARD-LOOKING STATEMENTS:
This press release contains "forward-looking statements." Such
statements may be preceded by the words "intends," "may," "will,"
"plans," "expects," "anticipates," "projects," "predicts,"
"estimates," "aims," "believes," "hopes," "potential," or similar
words. Forward-looking statements are not guarantees of
future performance, are based on certain assumptions and are
subject to various known and unknown risks and uncertainties, many
of which are beyond the Company's control, and cannot be predicted
or quantified and consequently, actual results may differ
materially from those expressed or implied by such forward-looking
statements. Such risks and uncertainties include, without
limitation, our ability to identify and close additional
acquisitions; the amount and timing of stock repurchases, if any,
under the Company’s stock repurchase plan and our ability to
enhance stockholder value through such plan; the Company’s ability
to retain the listing of its common stock on The Nasdaq Capital
Market; the impact of the COVID-19 pandemic on our results of
operations and our business; our ability to effectively market and
generate revenue from our applications; our ability to release new
applications or improve upon or add features to existing
applications on schedule or at all; risks and uncertainties related
to our increasing focus on the use of new and novel technologies to
enhance our applications, and our ability to timely complete
development of applications using new technologies; our ability to
effectively secure new software development and licensing
customers; our ability to protect our intellectual property
rights; the use of the internet and privacy and protection of
user data; risks related to our holdings of digital tokens,
including risks related to the volatility of the trading price of
digital tokens and our ability to convert digital tokens into fiat
currency; and our ability to manage our partnerships and strategic
alliances. More detailed information about the Company and the risk
factors that may affect the realization of forward-looking
statements is set forth in the Company's filings with the
Securities and Exchange Commission ("SEC"), including the Company's
most recent Annual Report on Form 10-K and Quarterly Reports on
Form 10-Q. Investors and security holders are urged to read these
documents free of charge on the SEC's website at www.sec.gov.
All forward-looking statements speak only as of the date on
which they are made. The Company undertakes no obligation to update
any forward-looking statement or statements to reflect events or
circumstances after the date on which such statement was made,
except to the extent required by applicable securities laws.
Investor Contacts:IR@paltalk.com
ClearThinknyc@clearthink.capital917-658-7878
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