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StationDigital Acquires Controlling Interest in Alarming Devices, Inc.
LOS ANGELES, March 14, 2014 /PRNewswire/ --StationDigital, Inc. (the "Company"), an LA-based Internet radio and digital broadcast platform provider, today announced it has acquired a controlling interest in Alarming Devices, Inc. (OTC Pink: ALDV), a development-stage home and commercial wireless alarm system provider, from Steel Pier Capital Advisors. The acquisition is subject to completion of payment and the Merger of the Company into ALDV.
The deal gives StationDigital 91 percent ownership in the Nevada-based alarm company that plans to distribute its products through U.S. dealers, resellers and independent alarm installers. StationDigital CEO and Founder Tim Roberts will immediately assume the role of CEO at Alarming Devices. The merger is expected to be complete by the end of May.
About StationDigital, Inc.
StationDigital is a multimedia digital broadcast company that offers a free music streaming, live station and recommendation service to more than 2 million users online and via iOS and Android mobile apps. Users can customize their listening experience by selecting playlists and stations based on themes, interests and location, as well as favorite artists, songs or genre, and by providing feedback on the music they hear. StationDigital offers the industry's first Listener Rewards program in which users earn points for listening, sharing and inviting friends to enjoy StationDigital on social media. Listener Rewards points are redeemable in the StationDigital online store to purchase music, merchandise and additional discounts. StationDigital is headquartered in Los Angeles. For more information, visit www.stationdigital.com or download the StationDigital app for Android or iOS mobile devices.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company's current plans and expectations, as well as future results of operations and financial condition. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE StationDigital, Inc.
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