LOS ANGELES, Oct 23, 2014 (BUSINESS WIRE) — Loton, Corp. (LTNR) announced that media and advertising industry veteran Tim Spengler has joined the Loton, Corp. Advisory Board.
Mr. Spengler is a veteran of Clear Channel Media and Entertainment (“CCM+E”) and IPG Mediabrands. He most recently served as President of Content Marketing and Revenue Strategy for CCM+E, where he utilized CCM+E’s array of multi-platform assets to develop new and innovative media and advertising opportunities. Previously, Spengler served as the Worldwide CEO for MAGNA GLOBAL, the strategic media investment and intelligence arm of IPG Mediabrands responsible for $32 billion of media spend around the world. He was a senior executive at IPG for nearly two decades holding positions of increased responsibility since 1993.
Spengler currently sits on the Board of Directors for leading industry organizations HRTS and NATPE. He is on the advisory board of emerging media companies Mandalay Digital (MNDL) and IgnitionOne. Spengler has been recognized as TV Week’s Media Executive of the Year, an Advertising Age Media Maven, and an Adweek Media All-Star.
“Tim is an advertising and media veteran who will be instrumental in introducing monetization opportunities to our Loton team,” commented Robert Ellin, Chairman of Loton, Corp. “We are recruiting stellar industry and financial professionals to accelerate our entry into the music, entertainment, and branding segments.”
About Loton, Corp.
In April 2015, Loton, Corp. acquired a fifty percent interest in KOKO, a premier multimedia and lifestyle brand and one of London’s iconic live music venues. KOKO is internationally renowned for delivering over 250 live music events per annum for the past ten years. Loton is backed by Trinad Capital, a micro-cap and small-cap activist hedge fund based in Los Angeles, California. The fund is led by Robert Ellin, a seasoned portfolio manager with 25 years of investment experience. Mr. Ellin spearheaded investments in several publicly traded companies including ThQ, Grand Toys, Forward Industries (FORD), Majesco Entertainment (COOL), Command Security (MOC), Mandalay Digital Group (MNDL), iVillage (IVIL), Points International (PCOM), as well as private companies including iWon.com and SS industries.
Statements in this news release concerning future results from operations, financial position, economic conditions, product releases and any other statement that may be construed as a prediction of future performance or events are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements. These factors include uncertainties as to levels of orders, ability to record revenues, release schedules, market acceptance of new products, changes in economic conditions and market demand, pricing and other activities by competitors, and other risks including those described from time to time in the Company’s filings on Forms 10K and 10Q with the Securities and Exchange Commission (SEC), press releases and other communications.