The New Online Company Changes Its Name to Sizmek Inc.
February 04 2014 - 4:20PM
Marketwired
The New Online Company Changes Its Name to Sizmek Inc.
DALLAS, TX--(Marketwired - Feb 4, 2014) - The New Online
Company, a wholly owned subsidiary of Digital Generation, Inc.
(NASDAQ: DGIT), the world's leading independent ad management and
distribution platform, announced today that it will now operate
around the world under the name Sizmek Inc. effective
immediately.
Sizmek anticipates that its common stock will trade under the
stock ticker symbol, SZMK, on The Nasdaq Stock Market beginning
Friday, February 7, 2014 following the spin-off and merger
transaction of DG pursuant to the Agreement and Plan of Merger,
dated as of August 12, 2013, by and among Extreme Reach, Inc., Dawn
Blackhawk Acquisition Corp., a wholly-owned subsidiary of Extreme
Reach, and DG. In the spin-off and merger, DG stockholders will
receive a distribution of one share of Sizmek common stock for each
share of DG common stock and a cash distribution of approximately
$3 per share of DG common stock.
About Sizmek
Sizmek fuels digital advertising campaigns for advertisers and
agencies around the world with cutting-edge technology to engage
audiences across any screen. For the last 15 years, Sizmek has
proudly pioneered industry firsts in digital, including rich media,
video and online targeted advertising across channels. Sizmek's
open ad management stack delivers the most creative and impactful
multiscreen digital campaigns, across mobile, display, rich media,
video and social, all powered by an unrivaled data platform. With
New York City as a center of operations, Sizmek connects 20,000
advertisers and over 5,000 agencies to worldwide audiences, serving
more than 1.5 trillion impressions a year. Sizmek operates on the
ground in 48 countries with a team of nearly 900 employees. For
more information, visit http://www.sizmek.com.
Cautionary Note Regarding Forward-Looking Statements
Statements in this release regarding our current expectations,
estimates and projections about our operations, industry, financial
condition, performance, results of operations, and liquidity
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Any statements
that are not statements of historical fact (including statements
containing the words "believes," "plans," "anticipates," "expects,"
"estimates" and similar expressions) should also be considered to
be forward-looking statements. There are a number of important
factors that could cause actual results or events to differ
materially from those indicated by such forward-looking statements,
including: our ability to further identify, develop and achieve
commercial success for new products; delays in product offerings;
the development and pricing of competing online services and
products; consolidation of the digital industry and of digital
advertising networks; slower than expected development of the
digital advertising market; our ability to protect our proprietary
technologies; integrating our acquisitions with our operations,
systems, personnel and technologies; security threats to our
computer networks; operating in a variety of foreign jurisdictions;
fluctuations in currency exchange rates; adaption to new, changing,
and competitive technologies; our ability to achieve some or all of
the expected benefits of the spin-off transaction and the other
risks and uncertainties that affect our business, including those
described in our filings with the Securities and Exchange
Commission. In addition, any forward-looking statements represent
our estimates only as of the date hereof and should not be relied
upon as representing our estimates as of any subsequent date. We
disclaims any intention or obligation to update the forward-looking
statements to reflect subsequent events or circumstances or update
the reasons that actual results could differ materially from those
anticipated in forward-looking statements, except as required by
law.
For more information contact: JoAnn Horne Market Street Partners
415/445-3233
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