Vancouver, BC – October 25th, 2018 – MediaValet Inc. (TSX-V: MVP) (“MediaValet” or the “Company”), a leading provider of cloud-based enterprise digital asset management (DAM) software, announces modification of senior secured debt. MediaValet has issued $3,000,000 of senior secured debentures, which have been modified to reduce the interest rates to 7% (previously 10%) effective November 1, 2018, and to extend the maturity dates to November 7, 2021 (previously November 7, 2019 for $2,000,000.00 and November 12, 2020 for $1,000,000).
About MediaValet Inc.
MediaValet stands at the forefront of the enterprise, cloud-based, digital asset management industry. Built exclusively on Microsoft Azure and available within 140 countries, across 54 Microsoft data center regions around the world, MediaValet delivers unparalleled enterprise class security, reliability, redundancy and scalability while offering the largest global footprint of any DAM solution. In addition to providing all core DAM capabilities and local desktop-to-cloud support for creative teams, MediaValet offers industry leading integrations into Slack, Adobe Creative Suite, Microsoft Office 365, Oracle Marketing Cloud (Eloqua), Drupal 8, WordPress, Hootsuite and many other best-in-class 3rd party applications.