Miami, Florida, December 10th, 2014 (GLOBE NEWSWIRE) - Select-TV Solutions, Inc. ("SELT" or the "Company") (OTCQB: SELT) announced today that it has secured an investment commitment of up to US $2.5m from a group of Japanese investors arranged by Dragoon Capital, Inc.
Dragoon is an investment banking firm (Japanese Financial Service Agency License No. 1032) headquartered in Tokyo, Japan, providing financial solutions to institutional investors and corporate clients throughout the world. Founded in 2003, Dragoon has been successful in sourcing emerging growth companies in Japan, Asia, United States and Canada to investors worldwide.
Select-TV Solutions, Inc.'s Chairman, Philippe Germain stated " We are very pleased to be forming such an important relationship with a forward- thinking investment partner like Dragoon that is as excited by the global market opportunity available to SELT. The capital raised by Dragoon will help us accelerate our business plan and reinforce our position as a leader in delivering next-generation media and guest services to the hospitality industry".
About Select-TV Solutions, Inc.
Select-TV Solutions Inc. is an operating company focused on the hospitality industry, The company delivers a wide variety of entertainment, "virtual concierge", promotional and transactional services through its interactive TV system and mobile applications platform, enabling each hotel to offer a uniquely personalized suite of on-demand content and services to its guests.
About Dragoon Capital, Inc.
Dragoon Capital Inc. is an independent investment banking firm that provides advice to institutional investors and middle market and emerging growth companies in Japan and worldwide. Together, the firm's management professionals have more than 80 years of experience providing private and public companies with a broad spectrum of investment banking and financial advisory services, including mergers and acquisitions, equity and debt capital raises, and restructurings. The firm provides objective, unbiased results-focused services that clients need to achieve their financial and business goals.
DISCLAIMER:
Forward-Looking Statements: Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation expectations, beliefs, plans and objectives regarding the development, use and marketability of products. Such forward-looking statements are based on present circumstances and on SELT's predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to successfully develop and market products, consumer and business consumption habits, the ability to fund operations and other factors over which SELT has little or no control. Such forward-looking statements are made only as of the date of this release, and SELT assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties and other factors are discussed in documents filed from time to time by SELT with the Securities and Exchange Commission. This press release does not and shall not constitute an offer to sell or the solicitation of any offer to buy any of the securities, nor shall there be any sale of the securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The securities have not been registered under the Securities Act of 1933, as amended (the "Securities Act") or any state securities laws, and may not be offered or sold in the United States absent registration, or an applicable exemption from registration, under the Securities Act and applicable state securities laws.
CONTACT:
Mr. Philippe Germain, Chairman
Tel: +1-418-264-7134
Email: PGermain@SelecTVSolutions.com
HUG#1878726