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Investment in The One-Page Company, Inc.

7 Feb 2012 13:22

RNS Number : 9612W
TMT Investments PLC
07 February 2012
 



7 February 2012

 

TMT INVESTMENTS PLC

("TMT" or the "Company")

 

Investment in The One-Page Company, Inc.

 

The Board of TMT is pleased to announce the completion of an investment in The One-Page Company, Inc. ("One-Page"), a start-up company building corporate software-as-a-service ("SaaS") solutions and consumer Internet proposal platform that enables users to systematically create, solicit, distribute, and negotiate one-page proposals between individuals and companies from anywhere around world (www.1-page.com). TMT's investment consists of a US$242,500 unsecured convertible promissory note in One-Page (the "Note") on the following terms:

 

·; Interest rate - 5% per annum;

·; Term - 24 months from the date of issuance of the Note;

·; Conversion - the outstanding principal and unpaid accrued interest of the Note will be automatically converted into One-Page's equity securities upon the earliest of (i) closing of the next equity financing, or (ii) on a change of control of One-Page, in either case at an equity valuation equal to the lower of (i) 80% of the equity valuation of One-Page applicable to the next equity financing or change of control, or (ii) US$5,000,000 (subject to certain adjustments);

·; Right to participate in the next equity financing - TMT will have the right to purchase up to thirty (30%) percent of the total number of One-Page's equity securities sold in the next equity financing.

 

Definitive agreements for the transaction were entered into, and the transaction was completed, yesterday.

 

One-Page was established in Delaware on 19 December 2012. Together with its 100%-owned subsidiary Topc, LLC, One-Page holds all the intellectual property rights developed for the One-Page project. One-Page is obligated to merge Topc, LLC into itself by 1 July 2012.

 

In 2002, One-Page's founders pioneered the concept of the 'One-Page Proposal' with an international best-selling business book, published by Harper Collins. In 2009, they launched what is now the core of the company's business - the '1-Page Job Proposal', and built the first on-line one-page proposal writing wizard that automates the writing and delivery of proposals through all social media (launched as a Beta version in the summer of 2011). The company is now developing a global marketplace where both buyers and sellers (employers and employees) of proposals can source, create, share, and read job proposals across all industries.

 

One-Page has developed one of the most innovative enterprise solutions to attack the booming market for jobs, a 400 billion dollar market segment with one of the largest messaging problems in the world. The 1-Page Job Proposal is the first solution that enables job seekers and employers seeking the best talent to evaluate competency and actionable ideas that can make companies better - on one page. Additionally, the 1-Page Job Proposal solution provides clients with access to valuable data mining opportunities, enabling them to collect data which has not been previously available; shift the time-value from past-stored raw data to real-time actionable data; and convert the most valuable data into value transactions and enhanced earnings.

 

One-Page is led by CEO Joanna Riley Weidenmiller. Prior to One-Page, Joanna founded Performance Marketing, a business-to-business direct marketing company focused on new client acquisition for fortune 500 companies, which she launched in Chicago and New York. She has a BA degree from the University of Virginia.

 

TMT believes that the investment in One-Page, along with its recent investment in social network for software developers Gild, provides the Company with good exposure to the growing online recruitment market. In the current market, where companies are overwhelmed with diverse CVs, unable to get talent, and are being deprived of time, money, and manpower resources, One-Page smartly addresses these problems. TMT believes that the platform and know-how developed by One-Page has great potential.

 

One-Page did not have any financial accounts in respect of the year ended 31 December 2011.

 

7 February 2012

 

For further information contact:

 

TMT INVESTMENTS PLC

Mr. Alexander Selegenev

www.tmtinvestments.com

 

+44(0)1534 281 843

alexander.selegenev@tmtinvestments.com

ZAI Corporate Finance Ltd

NOMAD and Broker

Marc Cramsie/Irina Lomova

020 7060 2220

 

 

 

About TMT Investments

 

The Investment Policy & Strategy

The Company's objective is to generate an attractive rate of return for Shareholders, predominantly through capital appreciation, by taking advantage of opportunities to invest in the TMT Sector. The Company aims to provide equity and equity-related investment capital, such as convertible loans, to private companies which are seeking capital for growth and development, consolidation or acquisition, or as a pre-IPO financing.

 

In addition, the Company intends to invest in publicly traded equities which have securities listed on a stock exchange or over-the-counter market. These investments may be in combination with additional debt or equity-related financing, and in appropriate circumstances in collaboration with other value added financial and/or strategic investors.

 

The Company is not geographically restricted in terms of where it will consider making investments. It will consider any geographical area, to the extent that the investment fits within the Company's investment criteria. The Directors and Consultants have expertise in emerging markets and, in particular, in Russia and the Commonwealth of Independent States. The Company will not be subject to any borrowing or leveraging limits.

 

Private Companies

The Company will target small and mid-sized companies and will seek to secure at least blocking stakes and board representation, where it considers that the Company and/or an investee company would benefit from such an appointment. The Company will consider making equity investments in lower than blocking stakes only where it sees ways to increase the stakes to blocking or controlling stakes at a later date. Each investment is expected to be at least US$250,000.

 

The investments targeted by the Company will aim to support rapidly-growing private companies to increase market share and achieve long-term shareholder value. It is envisaged that if the Company invested in a private company prior to that company listing on a stock market, the Company would retain a part of its investment in the listed entity going forward. The Company intends to work closely with the management of each investee company to create value by focusing on driving growth through revenue creation, margin enhancement and extracting cost efficiencies, as well as implementing appropriate capital structures to enhance returns.

 

Public Companies

When investing in public equities, the Company will seek to select companies with a dominant market share or strong growth potential in their respective segments. No restrictions will be placed on the size of public companies in which the Company may make an investment. The Directors intend to make investments in companies or businesses with attractive valuation, growth potential, with competent and motivated management, which enjoy brand recognition, have scalable business models, have strong relationships with customers and have in place transparent accounting policies.

 

Realisation of Returns

The Directors will, when appropriate, consider how best to realise value for Shareholders whether through a trade sale, flotation or secondary refinancing of the investee companies. The proposed exit route will form a key consideration of the initial investment analysis.

 

The Company expects to derive returns on investments principally through long-term capital gains and/or the payment of dividends by investees. The primary ways in which the Company expects to realise these returns include: (a) the sale or merger of a company; (b) the sale of securities of a company by means of public or private offerings; and (c) the disposal of public equity investments through the stock exchanges on which they are listed.

 

For private investee companies the Company believes that its typical investment holding period should provide sufficient time for investee companies to adequately benefit from the capital and operational improvements resulting from the Company's investment. The targeted holding period shall be reviewed on a regular basis by the Company, but it is expected that this will typically be between two to four years. For public equities the Company's objective is to maximise capital appreciation. Following the acquisition, the Company will continue to conduct extensive research and monitoring of the investment. Importance will be placed on the timing of any disposal which will follow a thorough review of market conditions and those reports and sources that are available to investors. Should the Company consider that the capital appreciation of a particular public equity investment has reached its peak or is likely to or has begun to decline, then the Company will consider the sale of that investment.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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