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/ CORRECTION - AudioEye, Inc.

TUCSON, AZ -- (Marketwired) -- 12/24/13 -- In the news release, "AudioEye, Inc. Completes $3 Million Equity Capital Raise," issued earlier today by AudioEye, Inc. (OTCQB: AEYE), please be advised that the capital raise mentioned in the headline and last sentence of the first paragraph should read "$3.25 million" rather than "$3 million" and "10,835,002 Units" rather than "10,001,668 Units" as originally issued. Complete corrected text follows.

AudioEye, Inc. Completes $3.25 Million Equity Capital Raise

TUCSON, AZ -- December 24, 2013 -- AudioEye®, Inc. (OTCQB: AEYE) ("AudioEye" or the "Company"), creator of the Audio Internet® patented audio browsing and automated publishing technology platform, today announced that it has closed on the private placement of 10,835,002 Units, receiving gross proceeds of approximately $3.25 million.

Each Unit was priced at $0.30 and consisted of one share of common stock and a warrant to purchase one share of common stock at an exercise price of $0.40 per share. The shares were sold to certain institutional and accredited investors. AudioEye plans to use the net proceeds of this financing to continue to expand its sales and marketing efforts and for other working capital purposes.

"We are pleased to announce the completion of this private placement," stated Nathaniel Bradley, Chief Executive Officer of AudioEye, Inc. "The proceeds from the equity raise will be used to support the execution of our business strategy, which includes the expansion of sales activities and the pursuit of other initiatives that are designed to accelerate future growth."

BTIG, LLC's capital markets and investment banking services group acted as sole placement agent for the private offering. For further information please go to www.btig.com.

The securities were offered and issued only to accredited investors in a private placement transaction under Section 4(2) under the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder. Accordingly, the securities offered in this placement have not been registered under the Securities Act of 1933, as amended, or state securities laws, and cannot be offered or sold in the United States absent registration with the Securities and Exchange Commission or an applicable exemption from the registration requirements. As part of the transaction, AudioEye has agreed to file a registration statement with the Securities and Exchange Commission covering the resale of all of the shares of common stock sold in the private placement and the shares of common stock underlying the warrants sold in the private placement. This press release does not constitute an offer or sale of the Company's securities.

About AudioEye, Inc.

AudioEye, Inc. (OTCQB: AEYE) has developed patented Internet content publication and distribution software that enables the conversion of any media, including websites, into an audio-accessible format and allows for real-time distribution to end-users on any Internet-connected device. The focus of the Company is to provide solutions that allow more comprehensive access to the Internet, print, broadcast and other media, irrespective of an individual's network connection, device, location or impairment. The Company's solutions also include comprehensive E-Learning and E-Commerce systems, as well as a variety of Internet publishing products and services.

The Company is headquartered in Tucson, Arizona, and its common stock trades on the OTCQB under the symbol "AEYE". Audio Internet and AudioEye are registered trademarks of AudioEye, Inc. The systems and technologies described herein are protected fully or in part by United States patents US7966184, US7653544, US8046229, US8296150, US8260616, US8589169, and patents pending in the United States and internationally. The Company's products enable all customers to create and deliver highly scalable accessible voice browsing applications. For more information, please visit www.audioeye.com or call 866.331.5324.

Forward-Looking Statements

This release includes forward-looking statements contained within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding the Company's expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond the Company's control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in the Company's Form 10-K and other reports filed with the SEC. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

For additional information, please contact:

Nathaniel Bradley
CEO
AudioEye, Inc.
(866) 331-5324

or

RJ Falkner & Company, Inc.
Investor Relations Counsel
(830) 693-4400
Email Contact

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