Sunday, March 18, 2007

Geosign® Completes $160 Million Private Placement With American Capital

"Geosign Group Holdings Inc. and Geosign Technologies Inc., members of the Geosign Group of Companies (“Geosign”), today announced the closing of $160 million in private financing from American Capital Strategies Ltd. (Nasdaq: ACAS). Geosign is an Internet media company focused on online publishing and targeted search. Proceeds from the financing will be used for working capital and to support the Company’s strategic growth initiatives including future acquisitions, as well as shareholder liquidity.
RBC Capital Markets acted as the exclusive private placement agent for Geosign on this transaction.
“We are excited to partner with American Capital as we move at an accelerated pace through our next growth phase,” said Ted Hastings, President of Geosign. “The additional capital will allow us to strengthen our core product lines and provide flexibility to make strategic acquisitions of complementary technologies and Internet properties.”"

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