Multimedia Platforms disclosed in an SEC filing, launching a $1 million non-brokered equity financing round. The placement is structured to close in May 2015 should the fundraising target not be reached. The company didn’t report selling securities thus far. The equity offering’s estimated net proceeds will amount to $920,000 which excludes $80,000 to be paid toward officers’ salaries. This is the first time the company is filling a security offering under a registration exemption with the SEC.
Multimedia Platforms develops a Lesbian, Gay, Bisexual and Transgender (LGBT) media platform consisting of newspapers and digital magazines such as Florida Agenda, Guy Magazine and Guymag.net, as well as mobile applications. The company offers an advertising platform where merchants’ social media pages are connected to the company’s digital publications and network.
Multimedia Platforms, registered in 2014, is headquartered in Wilton Manors FL. It is led by Robert Blair (CEO). The company reported having no revenues.
The executive team includes Jeff Sterling and Timothy Hart.
Multimedia Platforms is registered under the name MMP Worlwide.
Company: Multimedia Platforms
Amount offered: $1 million
Data as of: 05-20-2014