Newsstand Inc. secures $7.2 million in capital investment.2004 is turning out to be the year of the investment capital thaw (see, for example, "Tech Target receives $70 million in venture capital financing To start an own company or to bring a new product to the market, the venture may need to attract financial funding. There are several categories of financing possibilities. If it is a small venture, then perhaps the venture can rely on family funding, loans from friends ," NL/NL 6/16/04). The latest infusion of funding into the publishing world is Newsstand Inc.'s securing of $7.2 in a round of funding led by Adams Capital that includes Noro-Moseley Partners, SSM SSM abbr. surface-to-surface missile Ventures, The 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 Times Company, and others. Newsstand provides digital distribution for publications worldwide--now totaling 175 publications with readers in 120 countries. Kit Webster, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Newsstand, said the company will use the proceeds "to expand marketing and sales initiatives that will increase its market penetration worldwide and will continue to perfect its digital reading experience through web and print integration." The latest enhancement of its digital distribution service is the iBrowse web-based reader. www.newstand.com |
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