SOURCE: Spotlight Innovation Inc.

Spotlight Innovation Inc.

July 16, 2015 13:01 ET

Spotlight Innovation Engages DAK Capital to Provide Merger and Acquisition Advisory Services

WEST DES MOINES, IA--(Marketwired - Jul 16, 2015) -  Spotlight Innovation Inc. (OTCQB: STLT) announces today that it has engaged Rochelle Park, NJ-based DAK Capital, LLC, to provide strategic investment banking advisory services, including merger and acquisition assistance. DAK Capital, a boutique investment bank, provides a broad spectrum of investment advisory services to its middle market clients. Managing Director Jeffrey M. Gold will act as lead banker.

Cris Grunewald, President and CEO of Spotlight Innovation, said, "We are genuinely excited to be working with DAK Capital as our strategic advisor. We continue to be focused on growth, and DAK Capital is committed to optimizing value for our shareholders. We believe their personal-relationship approach will expedite the achievement of our growth plan. Our team looks forward to working closely with them."

About Spotlight Innovation Inc.
Spotlight Innovation Inc. (OTCQB: STLT) identifies, acquires and incubates companies that have unique intellectual property (IP) in the medical sector. The Company has relationships with the nation's leading academic and institutional IP developers, and locates promising IP technologies with potential for market share capture. With strong support, development, resources and strategic planning expertise, we believe we can develop IP that will have a positive effect on healthcare. We intend to partner with proven sector leaders on commercialization once technologies are fully developed. Additional information available at www.spotlightinnovation.com.

About DAK Capital
DAK provides a broad spectrum of capital advisory services for the middle market, including recapitalizations, re-financings and acquisition and growth financings. More information available at www.dakgroup.com.

Forward Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

Contact Information