UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event Reported): September 2, 2015
Adaptive Medias Inc.
(Exact Name of Registrant as Specified in Charter)
| Nevada | 000-54074 | 26-0685980 | ||
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification Number) |
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16795 Von Karman Avenue, #240
Irvine, CA 92606 |
| (Address of Principal Executive Offices) (Zip Code) |
Registrant's telephone number, including area code: 949-525-4466
________________________________________________________________________________
(Former name or former address, if changed since last report)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |
Item 8.01. Other Events.
On September 2, 2015 the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
Exhibit 99.1. Press release dated September 2, 2015
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: September 2, 2015 |
Adaptive Medias Inc.
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By: |
/s/ OMAR AKRAM
Omar Akram Chairman, President and Chief Financial Officer |
EXHIBIT 99.1
IRVINE, Calif., Sept. 2, 2015 (GLOBE NEWSWIRE) -- Content syndication and monetization company, Adaptive Medias, Inc. (OTCQB:ADTM), a leader in programmatic advertising across mobile, video and online display, today announced that it has signed LatinOn Group, a leading international and Hispanic digital media agency, to its Media Graph ad-tech platform. Adaptive Medias expects to realize initial revenues from this contract during the current third quarter.
LatinOn offers its clients advertising services and digital video content in a multitude of verticals, including pop culture, automotive, lifestyle, health, and entertainment. The company not only provides its own content for publishers but also edits content from major international agencies worldwide and in Spanish. LatinOn will be leveraging Media Graph's premium digital video content to supplement its current offerings, its "mobile-first" video player across its properties, and the platform's ad serving capabilities.
Hispanics are consuming digital media at a rapid rate and have the highest engagement rates and time spent interacting online, specifically with their mobile devices, according to Nielsen research. And, according to Google, opportunities to reach more Hispanics through digital media remain largely untapped and underserved.
Risbel Mendoza, Chief Operating Officer at LatinOn, said, "We've been searching for ways to make our digital media efforts more streamlined and less fragmented. Using Adaptive Medias' Media Graph technology, we now have the capability of simplifying our digital media efforts so we can focus on building on the solid foundation of digital media for the Hispanic community."
Adaptive Medias' Interim CEO John B. Strong said, "We are pleased to add one of the largest Hispanic media agencies to our Media Graph platform. Our goal has remained consistent -- to enhance the ability for publishers to access and monetize digital content and simplify the process. LatinOn can now leverage our leading Media Graph video player technology, massive library of content, ad serving capabilities and real-time bidding and intelligence in one system.
The addition of LatinOn to our Media Graph platform is part of our overall strategy of transitioning from our lower margin marketplace business to our higher margin Media Graph business model. The increased demand for our Media Graph platform, as reflected by our latest new client wins, well positions towards the path for growth and profitability," concluded. Mr. Strong.
ABOUT LATINON GROUP
LatinOn, headquartered in Miami, is an independent international media agency and technology partner. LatinOn is formed by a team specialized in digital media and can create international media strategies for advertisers and publishers. For more information, please visit www.latinon.us.
ABOUT ADAPTIVE MEDIAS, INC.
Adaptive Medias, Inc. (OTCQB:ADTM) is a leading provider of mobile video delivery and monetization solutions for publishers, content producers and advertisers. The company's comprehensive mobile video technology platform, Media Graph, facilitates the delivery of integrated, engaging video content and impactful ad units across all screens and devices. Adaptive Medias is one of the first companies to offer clients a digital video player built specifically for the mobile world. For more information, please visit www.adaptivem.com. Follow the Company on Twitter @adaptive_m.
SAFE HARBOR STATEMENT
This Press Release may contain certain forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Adaptive Medias, Inc. has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect Adaptive Medias' current beliefs and are based on information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause Adaptive Medias' actual results, performance or achievements to differ materially from those expressed in or implied by such statements. Adaptive Medias undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information contained in this Press Release including such forward-looking statements.
CONTACT: Investor Contact:
Max Pashman
mpashman@irpartnersinc.com
Phone: 818-280-6800