Audio Burst announced that it has received $2 million in funding from Advanced Media, Inc.
October 24, 2016
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Audio Burst announced a private placement of 6,643,341 shares at $0.301053 per share for gross proceeds of $1,999,997.74 on October 25, 2016. The transaction included participation from a new investor, Advanced Media, Inc. (TSE:3773). As part of the transaction, the investor acquired 9.32% stake in the company.
Advanced Media, Inc. is a Japan-based company engaged in the voice recognition business. The Voice Recognition segment operates through three business divisions. The Solution division is engaged in the planning, design, development of voice recognition solutions embedded with voice-recognition technology. The Product division provides applications embedded with voice-recognition technology. The Service segment provides other services utilizing voice-recognition technology. The Company provides its solutions, applications and services to enterprises and institutions in a variety of industries, including call centers, manufacture and distribution, mobiles, entertainment and education, medical and conference recording, as well as individual customers.
ADVANCED MEDIA, INC. 
