BOCA RATON, FL--(Marketwired - Sep 26, 2016) - Grom Holding, Inc., the privately-held parent company of Grom Social Inc. ("Grom", or "Grom Social"), the safe social network created "by kids for kids" today is pleased to announced that it has retained Maxim Group LLC a leading investment banking securities and investment firm, to provide strategic corporate planning and investment banking services to the company. Maxim will focus on strategies to maximize shareholder value through its full scope of investment banking services.
"The importance of the Maxim engagement at this time cannot be overstated. As we continue to execute on our growth strategies as recently evidenced by our accretive acquisition of Top Draw Animation, Maxim's strategic influence and investment banking services will be an invaluable asset for Grom," said Darren Marks, Grom's Chairman and CEO.
Clifford A. Teller, Executive Managing Director of Maxim Group, commented, "We are extremely pleased to partner with Grom in the financial and value creations components of its business strategy through our full-service investment banking capabilities. We are looking forward to working with Grom to assist with strategic planning, developing strategic partnerships, advising on potential acquisitions and introducing the Company to the investment community."
About Maxim Group LLC
Maxim Group LLC is a leading full service banking, securities and wealth management firm headquartered in New York. The Firm provides a full array of financial services including investment banking, private wealth management; and global institutional equity, fixed income and derivative sales and trading, equity research and prime brokerage services to a diverse range of corporate clients, institutional investors and high net worth individuals, Maxim Group is a registered broker-dealer with the U.S. Securities and Exchange Commission and Municipal Securities Rulemaking Board (MSRB), and is a member of the following: Financial Industry Regulatory Authority (FINRA). Securities Insurance Protection Corporation (SIPC), NASDAQ Stock market and NYSE Arca, Inc. To learn more about Maxim Group, visit www.maximgrp.com.
About Grom Holdings, Inc.
Grom Social, www.gromsocial.com, is a safe social network created by "kids for kids". Launched in 2012 by then 12-year-old Zach Marks, Grom Social is quickly becoming the leading safe social media platform for children worldwide. With more than 3.5 million registered users in over 200 countries and territories, Grom Social provides a positive, fun social media environment for children to network, discover original content, learn and play games. Grom Social is dedicated to bringing greater awareness of social responsibility and promoting good digital citizenship. Grom Social has been endorsed by leaders in education and child development, and is trusted by parents. Grom Social delivers an ideal environment for advertisers seeking to reach kids. Additionally, Grom Holdings through its wholly-owned Manila, Philippines based subsidiary, Top Draw Animation ("TDA"), is a producer of top-quality animation and one of the leading producers of 2D animation for television markets around the world. TDA is recognized by producers and broadcasters as a provider of quality television animation and currently provides services to many high profile content producers.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based upon our current assumptions, expectations and beliefs concerning future developments and their potential effect on our business. In some cases, you can identify forward-looking statements by the following words: "may," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "approximately," "estimate," "predict," "project," "potential," "continue," "ongoing," or the negative of these terms or other comparable terminology, although the absence of these words does not necessarily mean that a statement is not forward-looking. This information may involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from the future results, performance or achievements expressed or implied by any forward-looking statements.
Factors that may cause or contribute actual results to differ from these forward-looking statements include, but are not limited to, for example:
- Adverse economic conditions;
- Industry competition
- Other risks and uncertainties related to the social media and animation businesses