Advertisments
Rightsworld.com Raises Additional Capital
Emerges in Leadership Position in Online Rights Trading
Rightsworld.com, a leading rights marketplace, announced the raise of additional capital in the company today. The equity investment was made by a number of private investors within the publishing and technology industries. The capital will be dedicated to the operational and marketing budgets of the company. Some of the private investors include:
-David Israel, President, Global Construction and Retail Division, Cahners
Business Information, a Reed Elsevier Company
-Edward Feighan, Former U.S. Congressman and former CEO, Century Business
Services, Inc. [NASDAQ: CBIZ]
-Bill Gladstone, Founder and President, Waterside Productions, the premier
literary agency for computer and technology books
-Bob LiVolsi - Former Senior VP, Crossroads Systems, Inc. [NASDAQ: CRDS]
-Tom Pomeroy - Founder, SoftBook Press (acquired by Gemstar-TV Guide
International, Inc.) [NASDAQ: GMST]
"Despite the difficult economic climate and challenges our industry has faced of late, these leaders of the publishing and business worlds have put their time, capital and expertise behind us," said Nick Bogaty, President of rightsworld.com. "rightsworld is now the clear leader in online rights trading."
"We are very pleased that such high caliber individuals have chosen to invest in rightsworld.com", said Eric Miller, CEO of rightsworld.com. "As a company, we have realized increased revenue in the last several months. With our expenses at a minimum, we will achieve profitability with this investment."