MocoSpace Gets $3.5M In Strategic Funding from SoftBank Capital to Expand with Mobile Browser-Based Social Games

Boston, MA (PRWEB) September 23, 2010

Company already profitable, adds strategic capital to build out groundbreaking social games platform

Boston - Sept 23, 2010 - MocoSpace, the largest social entertainment destination on the mobile web, today announced a $ 3.5 million round of strategic funding from SoftBank Capital. MocoSpace will use the funds to expand its mobile browser-based social gaming offerings and management team. Previous investors in MocoSpace include General Catalyst, Pilot Group and prominent angel investor Michael Dearing.

MocoSpace is the largest entertainment destination on the mobile Internet, with over 14 million users and three billion page views per month. The company, which is already profitable, plans to use this round of funding for the development of its MocoSpace Games platform. The platform will provide game developers with a robust environment and mobile web reach via smartphone browsers, as well as access to the MocoSpace audience - which already plays one million games on the site per month. MocoSpace will be launching its own browser-based mobile social game, and is currently developing partnerships with mobile web game developers to provide a wide range of game titles on its platform.

Vikrant Gandhi of Frost & Sullivan has followed MocoSpace's growth over the years, and describes the company's success: "MocoSpace has demonstrated a rare ability to build a large mobile internet brand and generate profits while appealing to a broad base of consumers. The mobile browser represents the next frontier of social games, and companies like MocoSpace have a great opportunity to lead this nascent market."

As part of the investment, SoftBank Capital's managing partner, Ron Fisher, is joining the company's Board of Directors. As founder of SoftBank Capital, Fisher has over 30 years of experience working with high growth and turnaround technology companies, and serves as a member of the board of directors of SoftBank Corp., Japan, as well as on the boards of several public and private companies, including Desktone, E*Trade Group, GSI Commerce, FooMojo, LiteScape Technologies and Nellymoser, Inc.

"MocoSpace is uniquely positioned for massive growth at the crossroads of powerful trends in mobile, gaming and social, as well as appealing to one of the fastest-growing segments of the U.S. population, the Hispanic market," said Fisher. "Softbank is excited to be an investor. MocoSpace has done a great job building an industry leading, profitable business, and we're excited to help the company broaden its entertainment offerings and innovate in the social games space."

"The chance to work with Ron and the Softbank team was a no-brainer for us. They have a tremendous amount of expertise both here and abroad in all the key parts of our business," says MocoSpace CEO and co-founder Justin Siegel. "I look forward to working with them in the coming years as we continue to expand our business."

About MocoSpace

For a young, multicultural, on-the-go generation, MocoSpace is the destination of choice for making friends, having fun and staying connected. MocoSpace has over 14 million registered users generating over 3 billion pages per month, making it the largest social entertainment destination on the mobile web. MocoSpace is free and available on any web-enabled mobile phone in the world.

Launched in 2005, MocoSpace is backed by General Catalyst and Softbank Capital and is based in Boston, MA. For more information on the company, visit http://www.jnjmobile.com

About SoftBank Capital

SoftBank Capital is an independent venture capital firm focused on early stage businesses addressing ubiquitous, social computing. The firm addresses opportunities that deliver socially-driven content, services and applications across platforms and devices. SoftBank Capital offers entrepreneurs and their management teams valuable experience and resources, including our close association with SoftBank Corp. in Japan. SoftBank Capital has offices in Newton Center, MA, New York City and Buffalo, NY. For more information, visit http://www.softbank.com.

Follow MocoSpace on Twitter: http://www.twitter.com/mocospace

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RED CAPITAL GROUPs Research Team Shares Mid-Year Multifamily Review & Outlook Report - Proprietary Forecasting Model Integrates Occupancy, Rent and Cap Rate Simulations

Columbus, OH (PRWEB) September 30, 2011

RED CAPITAL GROUP, LLC has posted on its website its Research Teams most recent multifamily housing industry report entitled Multifamily Housing Industry 2011 Mid-Year Review and Second Half Outlook Report.

To access the report, log on to http://www.redcapitalgroup.com and scroll down to the Recent Multifamily Housing Market Analysis section to register for the download.

Researched and written by Daniel J. Hogan and Joseph M. Mandeville, both of REDs in-house Research Team, the report is highlighted by the introduction of a fully-integrated occupancy, rent and cap rate forecasting model. The report provides a full set of 2011 to 2013 annual payroll projections and annual five-year rent growth and occupancy rate forecasts for 46 metropolitan markets across the country (the RED 46) as well as five-year total return and risk-adjusted return estimates and probability distributions of total return for each market. The study also engages in some What If modeling to help probe key questions confronting the multifamily housing space, such as the relative impact of accelerating inflation on asset performance and returns in different metropolitan markets.

In addition, the report contains a summary of the performance of metro markets during the first half of 2011, including:

Capital Corp Merchant Banking President & CEO Gilles Herard, Jr Engineers $80 Million Funding Deal for A 60 MW Solar (PV) Panel Facility

Orlando, FL (PRWEB) September 30, 2011

Capital Corp Merchant Banking has entered into a $ 80 million funding agreement with a renewable energy company from Romania. The project, located in the southeast area of the country, comes at the right time as Romania is keen on developing renewable energy sources within its borders.

The funding agreement Mr Herard designed is based on 100% debenture. The project consists of starting with an initial facility that will produce 60 MW and eventually bring the facility to full capacity, for a total of 120 MW. The technology to be used will consist of pre-integrated photovoltaic (PIPV) solar modules, which are ready-to-install kits that require no use of tools or electrical connections for setup. These modules allow high levels of flexibility and scalability according to clients needs, from kW range to multi-MW scales. PIPV modules are also environmentally friendly as they are made from non-polluting and easily recycled materials.

The Client is a designer, developer, manufacturer, and distributor of this modular technology and aims to achieve and maintain a market leading position in the PIPV market.

Only a short time ago, PV panels were still expensive but as time goes on and as the technology develops and becomes more widespread, the costs have decreased. Moreover, the PV production technology is in continuous development, leading to decreased power generation costs, which in turns will allow grid parity to become achievable in the coming years.

2010 and 2011 have been widely regarded as milestone years for the development of the green energy market in Romania. In fact, wind and solar maps show that there is hardly any region in Romania that would not fit to environmentally friendly energy production. The extensive renewable energy production potential of the country is due to its marine climate and southern location in Europe. Currently, green energy possibilities in Romania correspond to a high renewable energy potential, mostly underutilized, which makes Romania an attractive location for green energy investors, developers, and operators looking for alternative markets outside the conventional Western European countries, according to ENREG ENERGIA REGENERABILA. Photovoltaic projects are particularly interesting in southeast Romania where irradiation can reach a level of 1650 kWh/m2.

The method by which this project is to be funded is the brainchild of Mr Herard. Mr Herard is a seasoned merchant banker and has been in the banking industry for 38 years. He worked early in his career at the Toronto Dominion Bank (Canada) and later on joined Manufacturer Hanover (MH) of New York as Senior Credit Analyst. He eventually created his own Firm, Capital Corp Merchant Banking, where he syndicates and structures funding for top companies worldwide, all the while investing his own firms funds into the projects. As the head of Capital Corp Merchant Banking, Mr Herard has become a leading figure in international middle-market project financing and engineers all funding structures for projects at Capital Corp. Mr Herard has received numerous awards for his work and other contributions including being appointed to the Presidential Business Commission, Honorary Co-Chairman of the Business Advisory Council, nominated as Executive of the Year by the internationally acclaimed National Registers Whos Who, and having received the Senatorial Medal of Freedom, among many others.

About Capital Corp Merchant Banking:

Capital Corp Merchant Banking offers quality Merchant Banking services for a variety of projects worldwide. Capital Corp Merchant Banking has developed close working relationships with groups of Professionals: Specialists in Finance, Commercial Risks Insurance and Re-Insurance, International Accounting Firms and Law Firms, and the largest Valuation Firm in the world. Capital Corp Merchant Banking is solution-oriented and known for being the most flexible Funding Source on the Market in creating handcrafted investment structures to meet the needs of the different constituent groups in each individual transaction. Capital Corp Merchant Banking offers many services: Project Financing, Consulting, Due Diligence, Evaluation of a Business, Negotiating Services, Acquisitions, Investment Approach, and Presentation Reports as well. For further information, please visit our website.

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AP Capital Partners Co-Founder & Sr. Managing Director featured in CNBCs I Am American Business campaign.

Orlando, FL (PRWEB) October 04, 2011

Today CNBC will be launching an ad campaign profiling exceptional business leaders including the co-founder and Sr. Managing Director of AP Capital Partners, and Chairman of The RMP Group, Richard M. Powell. He was selected for being one the most dynamic, inspiring and successful executives who represent American business leadership and integrity. Mr. Powell will be featured in a 30 second commercial on the CNBC network, alongside a 60 second extended feature on the CNBC website.

CNBCs I Am American Business shares the personal stories, challenges and triumphs of individuals who are proven leaders, and have made their mark, in the American business world. As an avid viewer of CNBC, Richard is delighted to be recognized by the network. I am honored to be featured in this campaign. It is always humbling to be referenced in the same company as Jack Welch, Donald Trump, Bob Johnson, and many other outstanding business leaders. Their stories have motivated me, and constantly remind me to raise the bar, says Mr. Powell.

As he mentions above, Richard will be joining other innovative leaders of the business world that have been profiled on I Am American Business. Others not mentioned above include Kevin Plank, Chris Gardner, Sean Combs, Tommy Hilfiger, Tori Burch and Julie Aigner-Clark. Not only have these individuals built empires, but they have created jobs for Americans and are the driving force behind the countrys business sector. AP Capital Partners would like to thank CNBC and the production crew who worked tirelessly to capture and share his story. To view the 60 second feature on Richard Powell please visit http://www.cnbc.com/id/44706341.

About AP Capital Partners

APCP is a private equity firm that makes long-term investments in exceptional enterprises. The firm's goals are to dramatically improve financial performance, deliver best-in-class products and services, and create fulfilling environments for employees. APCP delivers strong relationships, a true partnership approach, and effective execution to create value in outstanding companies. The APCP team includes highly successful financiers, institutional investors, and entrepreneurs. For additional information, please visit http://www.apcpartners.com.

For more business news please visit http://www.cnbc.com

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