SA Transcripts • Tue, Nov. 18
Be smarter and faster with PRO Alerts on SITO
From other sites
There is research on this stock available only to PRO subscribers.
Single Touch Systems: Building A Patent-Assertion Fortress
- SITO secured a $10 million credit facility, backed by its portfolio of patents, as well as a $1 million equity investment from Fortress Investment Group.
- Fortress made a $1M equity investment at $0.3817 per shares, almost 30% above current prices.
- SITO has successfully monetized portions of its patent portfolio in the past.
- In addition to the issued patents, SITO also acquired a handful of pending continuation applications related to streaming media from Streamworks Technologies, Inc.
- SITO is well-positioned to immediately begin monetizing its patents with Fortress’s financing.
We currently have no Breaking News on this stock.
SITO vs. ETF Alternatives
Single Touch Interactive, Inc. (SITO) is an innovative mobile media solutions provider serving retailers, advertisers and brands. Through patented technologies and a modular, adaptable platform, SITO's multi-channel communications gateway enables marketers to reach consumers through all types of... More
Other News & PR