MONTREAL, QUEBEC and TORONTO, ONTARIO and MEXICO CITY, MEXICO and PARIS, FRANCE -- (Marketwire) -- 03/07/13 -- Parta Dialogue Inc. (TSX VENTURE: PAD), a leader in social media optimization, analytics and Social Learning, announces its intention to issue shares for services to Difference Capital Management in exchange for the provision of certain consulting services related to business development and strategic advisory services ("Advisory Services").
Parta Dialogue is pleased to announce that Difference Capital has become a shareholder of Parta Dialogue Inc. ("Parta") by purchasing 6 million shares on the secondary market, acquiring a 9.47% stake in the company. The Parta investment increases DCF's participation in the social media industry and makes them the largest intuitional investor of Parta shares. "Difference Capital is an invested partner in our success and their commitment to our success is proven through this investment." said CEO Paul Allard. "They have experience investing in technology and media companies, specifically social media. We are privileged to be a part a portfolio of burgeoning Canadian success stories within Difference Capital."
Parta Dialodue Inc. ("PARTA") is also pleased to announce it has entered into a consulting agreement with Difference Capital Management ("DCM") for the Advisory Services (the "Agreement"). Pursuant to the terms of the Agreement, PARTA will issue to DCM 100,000 common shares of PARTA (the "Shares") per month at a deemed price of $0.25 per Share in exchange for the Advisory Services (the "Compensation"). In the event Parta completes a financing in the market the Compensation will convert to monthly payments of $25,000 in cash or a combination of 50,000 Shares and $12,500 cash, at the option of PARTA. The initial term of the Agreement is for a twelve (12) month period.
"Difference Capital's deep expertise in capital markets, corporate management (particularly in the fields of media and technology) and their extensive relationships will be an asset to the growth of Parta Dialogue going forward" said CEO Paul Allard. "We are looking forward to the contributions of Mr. Mike Wekerle and his team as Parta continues to grow into a leading social marketing technology company".
The provisions of the Agreement remain subject to approval by the TSXV and satisfaction of all applicable regulatory requirements.
PARTA also announces that as of January 15, 2013 it has terminated its investor relations contract with Paradox Public Relations Inc., which had provided services to PARTA since November 2011.
Parta Dialogue is an up and coming leader in Social Media Optimization and Social Learning for organizations at the forefront of digital strategy. Our clients include some of the largest and some of the smallest (but hippest) companies in the world, and the list is growing. Parta is aggressively investing in technology and acquisitions to build a robust offering as a full-service digital agency that utilizes technology and expertise to listen, strategize, publish (Sharecasting), promote and measure (eValue) your social marketing programs. Parta is the company behind Edu-Performance and #engagementlabs.
Many visionary businesses already employ Parta's solutions for internal and external online engagement. Among these are Proctor and Gamble, Nestle, Durex, Budweiser, IBM, Mazda, Universal Pictures and Rock the Vote. www.partadialogue.com
PARTA is listed on the TSX Venture Exchange under the symbol PAD and operates through two subsidiaries:
#engagementlabs, an all-digital agency offering a targeted range of social strategies, customized engagement platforms and analytic tools to measure performance and ROI totally focused on social engagement & optimization: www.engagementlabs.com.
edu-performance, totally focused on internal engagement and productivity, Edu-Performance offers customized Social Learning and online training solutions: www.eduperformance.com.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Paul Allard, President & CEO
Parta Dialogue Inc.
+1 (514) 831-4245
Jeff Armstrong, Corporate Development
Parta Dialogue Inc.
+1 (416) 627-2228
Most Popular Stories
- American Airlines, US Airways Complete Merger
- Dell Offers Undisclosed Number of Employee Buyouts
- ACA Delay Stresses Small Businesses
- Saab Gets Back into the Game; U.S. Auto Sales Soar
- General Dynamics Plans 200 New Jobs in N.M.
- Unemployed Wait as Lawmakers Debate
- Authorities Close to Deal with JPMorgan Chase over Madoff Response
- Questions Remain in Jenni Rivera's Death
- U.S. Stocks Rise on Sysco Acquisition
- Tech Giants Call for Controls on Government Snooping