Wednesday August 20, 8:30 am ET
Company Retains Financial Advisor to Explore Strategic Opportunities
PLACENTIA, Calif., Aug. 20 /PRNewswire-FirstCall/ -- Vidshadow, Inc. (Pink Sheets: VSHD - News; www.Vidshadow.com), an end-to-end solution for online video distribution, management and monetization, today announced that CEO Jordan Hudgens will be a featured speaker during RedChip's Emerging Markets Small-Cap Investor Conference on August 21, 2008 at the Marriott Marquis in New York City.
Hudgens will share the financial health of the company, as well as the strategic vision as it stays focused on delivering only premium niche content in the areas of news, entertainment, sports, health and lifestyle.
As one of the fastest growing online video networks, Vidshadow continues to attract exclusive premium content deals, providing publishers and advertisers with attractive, increased monetization opportunities in the market. It has already made major content partnerships with National Lampoon, Ego TV and Mexican national icon and five time boxing world champion Julio Cesar Chavez.
In its ongoing commitment to enhance shareholder value, the Company also announced today the engagement of Oppenheimer & Co. Inc. as its exclusive financial advisor. While exact terms of the engagement were not disclosed, Oppenheimer will assist Vidshadow in evaluating various strategic opportunities including possible financing, sale of the operations and other alternatives.
"As the company evolves to become one of the premier destination online video platforms, we believe it is necessary to explore any and all potential avenues of growth," said Jordan Hudgens, CEO, Vidshadow. "Vidshadow possesses the best-in-class technology and premium content, which have enabled us to build our viewership and content partnerships steadily and provide proven monetization value for publishers, advertisers and content providers."
For media inquiries, please contact Christina Oh at coh@5wpr.com or at 212.584.4270.
About Vidshadow
Founded in 2006, Vidshadow (Other OTC: VSHD.PK) is one of the Internet's fastest growing video distribution networks providing solutions to advertisers, content providers, and affiliate web sites. Vidshadow offers advanced streaming video technologies for consumers and corporate enterprises to leverage for increased monetization and expanded brand reach. For more information, please visit www.Vidshadow.com.
Forward Looking Statements
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on current expectations and are subject to a number of known and unknown risks, uncertainties and other factors beyond the Company's control that could cause actual events and results to differ materially from these statements. These risks include, without limitation, that there can be no assurance that any strategic opportunities will be available to the Company and that any strategic opportunities may only be available on terms not acceptable to the Company. These statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Vidshadow, Inc. undertakes no obligation to update publicly any forward- looking statements.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Maitland, FL 32751, (800) 733-2447,
Fax: (407) 644-0758, info@redchip.com
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