SOURCE: RMG Networks Holding Corporation

RMG Networks Holding Corporation

July 01, 2015 16:30 ET

RMG Networks Completes Sale of Airline Media Network Business

Divestiture Increases Focus on Core Enterprise Growth Initiatives

DALLAS, TX--(Marketwired - Jul 1, 2015) - RMG Networks Holding Corporation (NASDAQ: RMGN), or RMG Networks, a worldwide leader in intelligent visual communications solutions, announced today it has completed the sale of its Airline Media Network business to Global Eagle Entertainment (NASDAQ: ENT). Terms of the transaction were not disclosed.

"The strategic divestiture of our Airline Media Network business will allow us to allocate additional focus to accelerate growth in our core Enterprise business," said Robert Michelson, Chief Executive Officer and President of RMG Networks. "We see significant long-term growth opportunities in the Enterprise business, and believe this divestiture, along with the other strategic and operational initiatives we have executed, will allow us to more quickly achieve our ultimate goal of sustainable profitability."

RMG Networks and its logo are trademarks and/or service marks of RMG Networks Holding Corporation.

About RMG Networks

RMG Networks (NASDAQ: RMGN) is a worldwide leader in intelligent visual communications that helps businesses increase productivity, efficiency and engagement through digital messaging. By combining best-in-class software, hardware, business applications and services, RMG Networks offers a single point of accountability for integrated data visualization and real-time performance management. The company, who values 70% of the Fortune 100 as clients, is headquartered in Dallas, Texas, with additional offices in the United States, United Kingdom, Singapore and the United Arab Emirates. For more information, visit www.rmgnetworks.com.

Cautionary Note Regarding Forward Looking Statements

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Examples of forward-looking statements include, among others, compensation and other benefits derived from the sale of the Airline Media Network business, guidance relating to future financial performance and expected operating results, such as revenue growth, our ability to achieve profitability, our position within the markets that we serve, efforts to grow our business and the impact of litigation.

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