SOURCE: OTSP

July 31, 2006 19:09 ET

On The Scene Productions Raises Capital to Drive Growth

Socius Capital, Seacoast Capital, Outside Investors, and 15 OTSP Managers Invest Behind Firm's Growth Strategy

LOS ANGELES, CA -- (MARKET WIRE) -- July 31, 2006 --Sally Jewett and Stacie Hunt, co-founders of On The Scene Productions, announced today that they have partnered with Socius Capital, Seacoast Capital and 15 senior OTSP managers. As a result of this additional financial and managerial support, OTSP is now poised to take even greater advantage of the growth of the electronic PR industry and the emerging new technologies for cutting edge production and content distribution.

Jeffrey Lamb of Socius will become CEO of the newly formed entity, to be known formally as OTSP Holdings, Inc. Lamb, has been President of several businesses over the past 10 years. Previously he was a strategy consultant with McKinsey & Company, and was in sales and marketing with Richardson Vicks, Inc. (now a part of Procter & Gamble), Sun Microsystems, Inc. and The Vincam Group (now a part of ADP, Inc.). After joining Vincam as SVP of Sales and Marketing when it had about the same number of employees as OTSP, he helped that business grow to over $1.2 billion in revenues in less than five years.

Dave Woodward of Socius, who will join the OTSP Board of Directors, brings financial expertise and vision to OTSP. Woodward has spent the last 18 years as an investor in mid-sized businesses, most recently as a Managing Director of Vintage Capital, a structured debt and equity investment fund based in Los Angeles. He received his MBA from Harvard Business School and his BA from Yale University.

Co-Founders, Sally Jewett and Stacie Hunt remain in place as President and Executive Vice President, respectively and remain significant shareholders of OTSP. Additionally, the existing management team of Paul Torrey, President Sales and New Product Development; Maya Burghardt, Senior VP and General Manager, Los Angeles; Jim Bowling, Senior VP and Creative Director, Los Angeles; and, Michael Farr, Senior VP and General Manager, New York, will all remain in their current positions and have personally invested in OTSP along with several other key managers.

The partners at Socius and Seacoast Capital will work with Jewett, Hunt and the firm's existing management team to take advantage of the tremendous opportunities while maintaining the company's mission statement and the unique culture of OTSP.

Sally Jewett, OTSP President stated, "After 22 years of growing OTSP solely through our own resources, we are thrilled to have investors who offer seasoned business acumen and capital to help us take advantage of the extraordinary opportunities that we believe will be available over the next five years."

"OTSP is an incredible company that has one of the most passionate and energized team of employees that we have ever encountered. We are very excited to begin working with this talented group and together, focus our attention on the explosive growth of alternative marketing and short form video story telling that OTSP does so well," said CEO Jeff Lamb.

Lamb will be located at the firm's Los Angeles headquarters.

On The Scene Productions has been on the scene since 1984, placing more stories and winning more awards than any other company in the industry. OTSP has the largest in-house publicity department in broadcast public relations, extraordinary production capabilities, and can produce breaking news stories globally. Services include electronic press kits, satellite press conferences, media tours and web conferences. OTSP also offers a complete suite of solutions designed to target specific consumer demographics including OTSPrecision Media (broadcast DTC), OTSPhonecast (Cell phone DTC), and OTSPODcasting and VODcasting (online DTC).

The company specializes in the entertainment, healthcare, corporate, consumer products and financial services markets. OTSP has offices across the United States including New York, Philadelphia, Atlanta, Chicago and Los Angeles. With a 21 year track-record, industry leading talent and over 75 awards, OTSP is the gold standard for communications solutions. Clients include the American Medical Association, American Diabetes Association, Novartis, McNeil, Bristol-Myers Squibb, Lance Armstrong Foundation, Pepsi, Sony, Nike, MCA Group, Motor Trend, Disney, Microsoft, Chandler Chicco, Burson-Marsteller, Edelman, Ketchum, Fleishman Hillard, Weber Shandwick, Golin Harris, DeVries, Euro RSCG, Rogers & Cowan, and GCI Group, among many others.

Socius Capital, a private investment firm with offices in Denver and San Francisco was founded by Managing Directors Jeffrey Lamb and David Woodward, to provide financing and expertise to proven, profitable companies alongside management teams with significant ownership positions.

Seacoast Capital, headquartered in Boston and San Francisco has over $200 million of capital under management and a portfolio of over 35 investments. Seacoast invests mezzanine and equity capital in small, growing companies led by strong, entrepreneurial management teams.

Contact Information

  • Contact:
    Maya Burghardt
    323-930-1030