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September 19, 2002
Shoom's Majority Shareholder Completes Major Financing
BURBANK,
Calif. Shoom, Inc. announced today that its majority
shareholder, TransData International, has completed a financing in excess of
$2 million to ramp production of its iTearSheets system. iTearSheets facilitates the ad-fulfillment process between
publishers, advertisers, and agencies by providing high-speed Web-based
access to digital proofs on the day of publication.
TransDatas funding
enables us to add personnel and systems to improve and build out our
iTearSheets service and fulfill new contracts, said Bill Freschi, chief
executive officer of Shoom and chairman of TransData International, a
private Delaware corporation with more than forty high-net-worth
shareholders.
Shoom is the leading digital
tearsheet vendor to the publishing industry, delivering more electronic
tearsheets from publishers to advertisers on the day of publication than any
other service, Freschi added. In
addition, we are the only vendor providing a hosted solution for publishers
and their advertisers.
As a hosted solution, the
iTearSheets service relieves the publishers IT department of the hidden
costs of integrating, maintaining, and upgrading an internal digital
tearsheet solution. Our
Clients are now enjoying iTearSheets Version 3.1.
All upgrades have been implemented without the involvement of our
clients and with no costs to them, said Dan Cole, Shooms president and
iTearSheets principal designer.
Shooms service includes
building comprehensive transaction metadata into a secure database,
cross-linking advertisers and their divisions throughout the industry, and
building and maintaining an online communications system with a clients
advertisers. The systems
comprehensive and accurate metadata and intelligent online ad-measuring
capability enable essential proof of publication, research functionality,
and billing support beyond the capability of any other solution, said
Cole. It gives our customers
the fastest, easiest, and most cost-efficient online digital tearsheet
solution available. Moreover,
the functionality and cost benefit of this service will continue to improve
as we move forward.
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Shoom, Inc.,
together with its Ad Express and DigiFlex subsidiaries, develops and markets
Web-based solutions for publishers and advertisers worldwide. The company's team of marketing professionals, database
developers, and software engineers combines its skills with proprietary
development tools and modules to build infrastructure software integrated
with Web backend systems. For
more information, please visit our Web site at www.shoom.com
or contact us at sales@shoom.com or
800-446-6646.
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