CEA Arranges Private Equity Financing for HotChalk, Inc.TAMPA, Fla. -- Communications Equity Associates ("CEA CEA carcinoembryonic antigen. CEA abbr. carcinoembryonic antigen CEA (Carcinoembryonic antigen) ") announced today that it represented HotChalk, Inc. ("HotChalk") of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY in arranging a total of $5,000,000 of Series C Convertible Preferred Stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". . The financing was provided by NBC News NBC News (along with NBC News + HD) is the news division of American television network NBC, a part of NBC Universal, which is majority-owned by General Electric. Its current president is Steve Capus. It is the top-rated broadcast news division and has been for a decade. , a division of NBC Universal and Peacock Equity Fund, a digital media joint venture between NBC Universal and GE Commercial Finance. HotChalk is a leading provider of Web 2.0 community platforms to schools and educational institutions worldwide via the Internet. Its mission is to improve the lives of teachers worldwide with the HotChalk Learning Environment ("HLE HLE Healthy Life Expectancy HLE Hertz Local Edition HLE Half-Life Elite (gaming, Half-Life modification) HLE High Level Estimate HLE Houston Language Emulator HLE High Level Event ") a Web 2.0 community platform that lets teachers develop and share content, best practices and improved academic results through community, communication and collaboration. HotChalk enhances and accelerates teacher communication with students and their parents while producing measurable productivity benefits for community members. The HotChalk Network was ranked by Comscore's Top 50 Web Rankings in September 2007 as the second fastest growing Internet property with 6.4 million unique visitors. In September 2006, HotChalk launched a strategic partnership with the leading text book school publisher - McGraw-Hill Education - to bring a new online teacher professional development offering McGraw-Hill Professional Development to the marketplace. In August 2007, HotChalk announced a strategic partnership with NBC News, a division of NBC Universal, to distribute via the HLE the NBC News digital archives of over 5,000 historically significant news videos from the last 60 years specifically edited for classroom use to over 27,000 K-12 U.S. schools. David G. Moyer, Senior Managing Director, assisted HotChalk with this financing. Mr. Moyer is based in CEA's Westport, CT office. About CEA Founded in 1973, CEA is a leading provider of investment banking services and private equity to the global communications, media, entertainment, and information technology industries. With a team of highly experienced personnel worldwide, CEA has an unequaled depth and breadth of industry knowledge, expertise and long-standing industry relationships. CEA has completed over 900 transactions totaling $40 billion in 60 countries. CEA's and its affiliates also manage, co-manage or participate in a worldwide family of private equity funds with committed capital of approximately $1.15 billion for private equity investments in the industries CEA serves. CEA's reputation and track record of success are built on delivering innovative, value-added solutions and services to clients worldwide. CEA Media Group, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control is a member of the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). and SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. . For additional information regarding CEA visit www.ceaworldwide.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion