SOURCE: WestPark Capital, Inc.

December 02, 2013 15:01 ET

WestPark Capital Completes $2 Million Line of Credit Financing for Monster Digital, Inc.

LOS ANGELES, CA--(Marketwired - Dec 2, 2013) - WestPark Capital, a Los Angeles-based investment bank, announced that it had arranged an expandable $2 million Line of Credit financing for Monster Digital. Monster Digital designs, develops and markets premium memory storage products for use in high-performance computing and demanding consumer and mobile product applications. This announcement comes on the heels of a recently completed $7.2 million equity raise for Monster Digital by WestPark Capital.

This press release does not constitute an offer to sell or the solicitation of offers to buy any security and shall not constitute an offer, solicitation, or sale of any security in any jurisdiction in which such offer, solicitation, or sale would be unlawful.

About WestPark Capital
WestPark Capital is a full-service investment bank focused on emerging growth sectors such as healthcare, software, technology, biotechnology, financial services, manufacturing, consumer products, media and telecom industries, among other categories. WestPark provides a comprehensive range of corporate finance services, including initial public offerings, follow-on offerings, private placements, SIPOs and corporate finance advisory services. Additional information about WestPark Capital, Inc. is available at www.wpcapital.com or at info@wpcapital.com.

About Monster Digital
Monster Digital, through its parent, Tandon Digital, Inc., is the exclusive producer of premium memory storage products for use in high-performance computing and demanding consumer and mobile product applications. The focus is on the development and marketing of a broad selection of high-value memory storage products that combine performance, reliability and functionality at competitive prices. Their high-end, ruggedized Solid State Drives ("SSDs") and Solid State Hybrid Drives ("SSHDs") and removable flash memory secured digital cards ("SDs") are marketed under the brand name Monster Digital further to a license from Monster, Inc., formerly Monster Cable Products, Inc. (the "Monster Business"). Their Dynamic Random Access Memory ("DRAM") modules are currently sold worldwide primarily to original equipment manufacturers ("OEMs"). They believe that their target customers seek high value products that combine performance, reliability and functionality at prices competitive with other leading products.

Contact Information

  • Contact:
    WestPark Capital, Inc.
    Richard Rappaport
    CEO
    (310) 843-9300