BOCA RATON, Fla., Nov. 23, 2010 (GLOBE NEWSWIRE) --
Transaction Information
On November 23, 2010, Littlebanc Advisors, LLC of Boca Raton, Florida, announced the completion of a $1.33 million Series A Preferred Stock financing for Hiconversion, Inc. to a single affiliated Institutional Investor, Lb Merchant, LLLP. Littlebanc Advisors acted as the sole placement agent and financial advisor. The $1.33 Million capital raise for Hiconversion, Inc. represents another successful funding of a Florida company by Littlebanc Advisors. In the last twelve months, Littlebanc has completed three other transactions for Florida based small, high growth companies and is dedicated to helping high growth Florida companies grow.
"We are delighted to partner with a high quality company like Hiconversion, Inc and are excited about its growth prospects. We continue to be optimistic about Florida Businesses and will continue our mission to help small companies grow," said Michael Margolies, CEO, Littlebanc Advisors, LLC
Client Information
Hiconversion, Inc., founded in 2006, provides a revolutionary Conversion Rate Optimization software solution ("CRO") that enables e-commerce providers to quickly and economically increase the conversion rate of existing web traffic into online sales. Hiconversion's patented virtual integration capabilities are eliminating the adoption complexity, making it possible for e-commerce companies to point-click-and-optimize without dependency on the availability of IT resources. The adaptive optimization engine eliminates risk of testing while delivering maximum ROI at all times.
The company is led by Dr. Zijad Aganovic, a successful serial entrepreneur and expert in the field of optimization theory, whose previous ventures were acquired by Ricoh and Microsoft.
For more information please visit www.hiconversion.net
Hiconversion, Inc. is located in the Technology Business Incubator (TBI) at the Florida Atlantic Research & Development Park in Boca Raton, Florida. TBI is managed by the Enterprise Development Corporation (EDC) of South Florida, a non-profit organization that assists emerging science and technology companies.
For more information please visit www.edc-tech.org
About Lb Merchant, LLLP
Lb Merchant, LLLP, an affiliate of Littlebanc Advisors, LLC, is a merchant bank that invests in small, high quality growth companies. Lb Merchant, LLLP takes an active approach to its portfolio companies and assists these companies in realizing their potential.
About Littlebanc Advisors, LLC
Littlebanc Advisors, an investment banking boutique, specializes in funding small, high quality growth companies. With its roots in research and long established Wall Street relationships, Littlebanc matches client companies with partner-minded investors fostering a stable and long-term shareholder base.
For more information please visit www.littlebanc.com
DISCLAIMER
Littlebanc Advisors LLC, securities offered through Wilmington Capital Securities LLC, Member FINRA/MSRB/SIPC, has been retained by this company as its advisor. This document was prepared by Littlebanc Advisors, LLC in collaboration with the general management of the company. The two parties decline any responsibility concerning some errors or omissions, insinuations or declarations in this document or in any other correspondence towards any potential partner.