REDWOOD CITY, Calif.--(BUSINESS WIRE)--YuMe, Inc. (NYSE: YUME), a proven partner for video advertising leadership and innovation, today commented on a news release by RhythmOne plc regarding YuMe’s strategic alternatives process.
YuMe confirms that it is in discussions regarding a potential transaction with RhythmOne. As previously announced, YuMe has been engaged in a strategic process in which YuMe continues to consider several value enhancing initiatives, including remaining as a stand-alone company. Given the nature of the discussions with RhythmOne, there can be no certainty that any transaction will proceed.
YuMe will provide an update to the process when and if it determines further disclosures are appropriate.
YuMe is a proven partner for video advertising leadership and innovation. We reach valuable, data validated audiences on any connected TV or digital screen with programmatic brand advertising solutions that increase brand favorability and sales. Our software and technologies combine with unrelenting service to help brand advertisers engage audiences wherever they interact with content that matches their needs and interests. Our brand solutions incorporate data-driven audience insights to help brand advertisers reach and influence their most promising audiences. Brand advertisers benefit from higher awareness, positive perception, purchase intent and sales. YuMe is headquartered in Redwood City, California, with worldwide offices. For more information, visit www.YuMe.com, follow @YuMeVideo on Twitter (www.twitter.com/YuMevideo), or like YuMe on Facebook at www.facebook.com/YuMevideo.
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This press release contains forward-looking statements. In some cases, you can identify forward-looking statements by the words "may," "will," "expect," "intend," "plan," "objective," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue" and "ongoing," or the negative of these terms, or other comparable terminology intended to identify statements about the future. All statements other than statements of historical fact are statements that could be forward-looking statements. These forward-looking statements are subject to risks and uncertainties, assumptions and other factors that could cause actual results and the timing of events to differ materially from future results that are expressed or implied in the forward-looking statements. Factors that could cause or contribute to such differences include the outcome of YuMe’s strategic process, the outcome of discussions with other companies, YuMe's history of net losses and limited operating history, which make it difficult to evaluate prospects, YuMe's fluctuating quarterly results of operations, and dependence on a limited number of customers in a highly competitive industry. These and other risks are discussed under "Risk Factors" in YuMe’s Quarterly Report on Form 10-Q for the period ended June 30, 2017 that has been filed with the U.S. Securities and Exchange Commission (the “SEC”), and in our future filings and reports with the SEC. The forward-looking statements in this press release are based on information available to YuMe as of the date hereof, and we assume no obligation to update any forward-looking statements.