Studio One Media, Inc. announced that it expects to receive $0.55 million in funding.
December 29, 2014
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Studio One Media, Inc. (OTCPK:SOMD) announced that it will receive $550,000 in a round of funding on December 30, 2014. The company will issue common shares in the transaction. The minimum investment accepted from any outside investor is $5,000. The company will issue securities pursuant to exemption provided under Regulation D. Source Capital Group, Inc. will act as placement agent to the company and will receive $55,000 as commission.
As of January 15, 2015, the company has received $150,000 from 10 investors in the first tranche close.
Aftermaster, Inc. (Aftermaster) is an audio technology and products company. The Company and its subsidiaries are engaged in the development and commercialization of audio and video technologies and products for professional and consumer use, including Aftermaster Audio, ProMaster, Aftermaster Pro, HearClearTV, the Superbar, Aftermaster Studio Pro and MyStudio. It also operates recording and mastering studios at its facilities in Hollywood, California. Its Aftermaster audio technology is an internally developed mastering, remastering and audio processing technology. Aftermaster Pro is a personal audio re-mastering device. HearClear TV is a portable television (TV) audio remastering product. Promaster is an online music mastering, streaming, and storage service designed for independent artists, audio technologies developed by Aftermaster. The Company offers professional hands-on mastering services and instant online mastering through its Promaster brand for music, TV and film.