ACGM Completes Successful $3.575 MM Capital Raise for Trunity Holdings, Inc.

NEW YORK, NY--(Marketwired - Jun 17, 2013) - ACGM, INC. ("ACGM") announced today the successful closing of a $3.575 MM private placement of equity in publically traded Trunity Holdings, Inc. (OTCQB: TNTY) (OTCBB: TNTY) ("Trunity"). ACGM acted as Trunity's lead investment bankers, assisting in the structuring of the deal and the placing of all shares. 

Trunity is the creator of the Trunity eLearning Platform that empowers higher education, K-12, corporate enterprises and government agencies worldwide to create, manage and share knowledge. The financing will allow the Company to execute strategies designed to accelerate its growth and support global growth initiatives, including the deployment of the Trunity eLearning Platform into classrooms around the world and the expansion of the Trunity Knowledge Exchange.

ACGM secured Pan-African Investment Company, LLC ("PIC") as the lead investor in the deal. PIC is a New York City-based private investment firm, headed by co-CEO Dana Reed, who will also serve on Trunity's Board of Directors. PIC was founded by Dick Parsons and Ronald Lauder to identify, invest in and provide solutions that effect growth and development in Africa. In addition to leading the investment, PIC has entered into an exclusivity agreement whereby they will introduce the Trunity eLearning Platform to African nations seeking to rapidly improve the quality of education in their respective countries. Additional investments were made by 34 high-net worth individual investors.

The terms of the offering provided for the placement of 8,936,470 shares of common stock at $0.40 per share. In addition, for each share purchased, the investors will receive one two-year warrant to purchase one share of common stock at an exercise price of $1.00 per share.

Mitchell Baruchowitz, Head of Investment Banking - Private Capital Group, was ACGM's lead banker on the deal. Mr. Baruchowitz said, "The Trunity offering is further validation of ACGM's strategy to find early stage companies with strong management teams and rapidly expanding business opportunities and connect them to accredited investors looking for compelling investment opportunities in businesses that are in the 'sprout stage' of their growth cycle." 

Terry Anderton, Chairman and CEO of Trunity, commended Mr. Baruchowitz and ACGM on their successful execution of the capital raise, "I am delighted with the performance of our investment bankers and the value they have delivered throughout this process. ACGM enabled Trunity to raise vital capital needed to grow our expanding company, while leaving our executive team to focus on the strategic execution and day-to-day operations of running a publically traded company. Led by Mr. Baruchowitz, ACGM executed the private placement efficiently and effectively while securing a lead investor that has domain knowledge in education and will be an important strategic partner in Africa."

About ACGM

Founded in 1991, ACGM is a boutique investment banking firm specializing in global special situations advisory and investment banking transactions for financial and corporate issuers in the US, Europe, LATAM and the Middle East, closely integrated with a fixed income sales and trading capability. www.acgm.com

About Trunity Holdings, Inc.

Founded in 2009, Trunity Holdings Inc. (OTCQB: TNTY) (OTCBB: TNTY) ("Trunity") has developed a collaborative knowledge management, publishing and education delivery platform, which provides an end-to-end solution for the rapidly growing eTextbook, eLearning and enterprise training marketplaces. As a result of the platform's innovative multi-tenant cloud-based architecture, Trunity allows content from multiple sources to be assembled into customized living digital textbooks and courseware and delivered with real-time updates directly to the student on any Internet-enabled computer or mobile device. The content powered by Trunity is seamlessly integrated with learning management, social collaboration, standards alignment, real-time analytics and royalty-tracking functionality. Trunity currently hosts a growing global community of over 4,300 expert contributors made up of top scientists and educators, who create peer-reviewed educational content. The Company's clients include leading colleges, universities, K-12 schools, corporate enterprises and government agencies worldwide. Headquartered in Newburyport, Massachusetts, Trunity has operations in North America, Ukraine and India. For more information, visit http://www.trunity.com/.

ACGM, Inc. is a broker dealer registered with the U.S. Securities and Exchange Commission, and is a member of FINRA and SIPC. The securities sold by Trunity in the private placement, and the shares of common stock issuable upon exercise of the warrants, have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold absent such registration or an applicable exemption from the registration requirements.