SaysMe.TV Closes Series A Investment from Leading Venture Funds Including Intel Capital, Prime Capital and Katalyst Films
SaysMe.TV Closes Series A Investment from Leading Venture Funds Including Intel Capital, Prime Capital and Katalyst Films
Financing to allow company to grow consumer-generated television advertising product offering
LOS ANGELES, April 24 /PRNewswire/ -- SaysMe, Inc., the leading provider of political based, consumer driven television advertising, today announced the closing of its Series A financing by Intel Capital, which led the round, and Prime Capital with participation by Ashton Kutcher's Katalyst Films, advertising pioneer Bill Apfelbaum and other prominent angel investors. The proceeds from this funding round will be used to expand SaysMe's product offering beyond politics and continue development of its suite of consumer-friendly technologies.
Timing its debut with the highly polarized 2008 campaign season, SaysMe offers a library of political and issue-based ads that people can run on the cable network of their choice and brand with their name using SaysMe's effortless technologies. Further, creative individuals who upload their own ads will receive royalties when others choose to run them.
"We're thrilled to be working with such a blue chip set of investors who share our enthusiasm for the opportunities that exist with our unique business model and product offering," said Lisa Eisenpresser, co-founder and CEO of SaysMe. "This round of funding enables us to continue building our technology and sales platform to let fans and detractors of all persuasions know that SaysMe is the place to voice their passions, promote their beliefs, and make a difference in this election and beyond."
"Consumer television advertising through the use of web-based technology is a new market," said Gustavo Aray, senior investment manager, Intel Capital. "SaysMe's business model and interesting perspective on next generation advertising - putting it into the hands of the consumers -- will help evolve the advertising market as we know it today."
Advertise for as Little as $25
Users of the SaysMe web interface are confronted with simple choices. They are able to influence political elections and topical campaign policies by selecting a city and a network where they would like to run their very own advertisement with only a few mouse clicks. All reporting is automated and the consumer gets to watch their personally-sponsored ad for as little as $25 per market.
About SaysMe.TV
Say what you want on TV. SaysMe's mission is to democratize television and let individuals decide the ads people see on TV. SaysMe's "Name 3" web service allows consumers to choose their ad, city and channel and say what they want on TV with their own names attached at the end. Producers are encouraged to submit :25 and :55 TV-ready spots and earn royalties. The company counts Intel Capital, Prime Capital, Ashton Kutcher's Katalyst Films, and outdoor media titan, William Apfelbaum, among its investors. SaysMe was founded in 2007 and has offices in Los Angeles, New York and Austin.
About Intel Capital
Intel Capital, Intel's global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, home, mobility, health, consumer Internet, semiconductor manufacturing, and cleantech. Since 1991, Intel Capital has invested more than US$7.5 billion in approximately 1,000 companies in 45 countries. In that timeframe, 168 portfolio companies have gone public on various exchanges around the world and 212 were acquired or participated in a merger. In 2007, Intel Capital invested about US$639 million in 166 deals with approximately 37 percent of funds invested outside the United States. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com.
Contact:
Lisa Eisenpresser
SaysMe.TV
310-397-4441
lisa@saysme.tv
First Call Analyst:
FCMN Contact:
Source: SaysMe, Inc.
CONTACT: Lisa Eisenpresser, SaysMe.TV, +1-310-397-4441, lisa@saysme.tv
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