Siemer & Associates Advises GoTV Networks, Inc. on its Sale to Phunware, Inc. ─ July 12, 2011

July 12, 2011 (Los Angeles, CA) ─ Siemer & Associates is pleased to announce it has advised GoTV Networks, Inc., the industry’s largest mobile media network, on its sale to Phunware, Inc., a premium provider of branded mobile experiences and applications. The acquisition will provide Phunware with the means to deliver its products across a large, international mobile platform.

“GoTV Networks’ deep mobile application knowledge and strong ties to the mobile operator community will make Phunware’s video services accessible to a wider network of international users on more devices,” said David Siemer, President & Managing Director at Siemer & Associates. “With Phunware’s support, GoTV Networks will be better positioned to concentrate on designing the future of mobile technology.”

Thomas Ellsworth, CEO of GoTV Networks, Inc., added, “I was impressed with Siemer and Associates’ approach to our transaction.  Their deep existing relationships in the digital media space and track record of success were key selection criteria.  From the presentation of the Company to the management of the deal itself, David Siemer and his team were professional and incredibly effective.”

About GoTV Networks, Inc.

GoTV Networks, Inc. enables media owners and brands to deliver compelling, personalized, highly engaging content experiences through feature-rich smart applications distributed to the widest audience possible. This content is accessed through a broad range of mobile operators, application storefronts and wireless devices including the Apple iPhone Application Store, AT&T, Blackberry Application World, Boost Mobile, Cricket, Google Android Market, Sprint and Verizon Wireless. GoTV is headquartered in Los Angeles.

About Phunware, Inc.

Phunware, Inc. is an enterprise branded mobile applications infrastructure provider founded in February 2009. Its proprietary platform is uniquely designed for large enterprises that wish to leverage their high-value content and maximize revenues through digital distribution.  Phunware focuses on delivering a fully interactive and immersive branded mobile environment to its Fortune 1000 clients, among which are Discovery Communications, McDonalds, Callaway, Cisco and more. Phunware is based in Austin, TX.

About Siemer & Associates LLC

Siemer & Associates LLC is a boutique merchant bank that serves digital media, software and Internet companies throughout their business life cycles. Our investment banking professionals have successfully completed more than 50 transactions that aggregated over $3 billion in sell-side mandates and surpassed $1.5 billion in equity capital.  We offer exceptional corporate M&A, capital raising and financial advisory services.

Siemer Ventures, the early-stage investment arm of S&A, is one of the most active investment funds in Southern California, claiming more than 40 current portfolio companies and making an average of 12 new investments each year.

S&A is committed to offering honest advice and guidance based on relevant experience, deep domain knowledge and an understanding of the market. We provide our clients with the insight and education necessary to make informed decisions, resulting in an enviable record of client satisfaction and success. Siemer & Associates is headquartered in Los Angeles with offices in New York and Hong Kong.

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