Evine Live Inc. Announces $4.5 Million Registered Direct Offering of Common Stock

MINNEAPOLIS, May 24, 2017 (GLOBE NEWSWIRE) — Evine Live Inc. (NASDAQ:EVLV) today announced that it has entered into definitive purchase agreements with several investors to sell an aggregate of approximately four million shares of its common stock at a purchase price of $1.12 per share in a registered direct offering, except for shares sold to certain directors and executive officers of the Company, who will pay $1.15 per share.  The offering is expected to close on or about May 30, 2017, subject to the satisfaction of customary closing conditions.  The offering was made without the use of a placement agent or underwriter.  Craig-Hallum Capital Group LLC is serving as a financial advisor to Evine Live Inc.

The shares of common stock were offered pursuant to a shelf registration statement on Form S-3 (File No. 333- 203209), which was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on May 19, 2015.  A prospectus supplement relating to the shares of common stock will be filed by the Company with the SEC. When available, copies of the prospectus supplement, together with the accompanying prospectus, can be obtained for free at the SEC’s website at www.sec.gov, or directly from the Company by contacting Michael Porter by e-mail to mporter@evine.com, or by phone at (952) 943-6517.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This offering may only be made by means of a prospectus supplement and related base prospectus.

About Evine Live Inc.

Evine Live Inc. (NASDAQ:EVLV) operates Evine, a multiplatform video commerce company that offers a mix of proprietary, exclusive and name brands directly to consumers in an engaging and informative shopping experience via television, online and mobile. Evine reaches more than 87 million cable and satellite television homes with entertaining content in a comprehensive digital shopping experience 24 hours a day.

Please visit www.evine.com/ir for more investor information.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This document may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as anticipate, believe, estimate, expect, intend, predict, hope, should, plan, will or similar expressions. Any statements contained herein that are not statements of historical fact may be deemed forward-looking statements. These statements are based on management’s current expectations and accordingly are subject to uncertainty and changes in circumstances. Actual results may vary materially from the expectations contained herein due to various important factors, including (but not limited to): consumer preferences, spending and debt levels; the general economic and credit environment; interest rates; seasonal variations in consumer purchasing activities; the ability to achieve the most effective product category mixes to maximize sales and margin objectives; competitive pressures on sales; pricing and gross sales margins; the level of cable and satellite distribution for our programming and the associated fees or estimated cost savings from contract renegotiations; our ability to establish and maintain acceptable commercial terms with third-party vendors and other third parties with whom we have contractual relationships, and to successfully manage key vendor relationships and develop key partnerships and proprietary and exclusive brands; our ability to manage our operating expenses successfully and our working capital levels; our ability to remain compliant with our credit facilities covenants; customer acceptance of our branding strategy and our repositioning as a video commerce company; the market demand for television station sales; changes to our management and information systems infrastructure; challenges to our data and information security; changes in governmental or regulatory requirements; including without limitation, regulations of the Federal Communications Commission and Federal Trade Commission, and adverse outcomes from regulatory proceedings; litigation or governmental proceedings affecting our operations; significant public events that are difficult to predict, or other significant television-covering events causing an interruption of television coverage or that directly compete with the viewership of our programming; our ability to obtain and retain key executives and employees; our ability to attract new customers and retain existing customers; changes in shipping costs; our ability to offer new or innovative products and customer acceptance of the same; changes in customers viewing habits of television programming; and the risks identified under “Risk Factors” in our recently filed Form 10-K and any additional risk factors identified in our periodic reports since the date of such Form 10-K. More detailed information about those factors is set forth in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this announcement. We are under no obligation (and expressly disclaim any such obligation) to update or alter our forward-looking statements whether as a result of new information, future events or otherwise.

CONTACTS

Media
Dawn Zaremba
Evine
press@evine.com
(952) 943-6043

Investors
Michael Porter
Evine
mporter@evine.com
(952) 943-6517

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Parkmobile Introduces Parking Reservations into the Parkmobile App, Delivering the Industry’s First Complete App-Based Parking Solution

Atlanta, GA (PRWEB) May 24, 2017

Parkmobile, the leading provider of mobile parking solutions in North America, announced today that it has launched parking reservations capabilities into the Parkmobile App. Parkmobile currently enables consumers to pay on-demand for on-street and off-street parking in over 2,000 locations and 250 cities across the US and Canada. With this enhanced functionality, available to owners and operators, Parkmobile will instantly enable its more than 6 million users to also find, reserve, and pay for parking in off-street parking facilities, delivering the only complete solution for all parking types through a single application. This release represents the next phase in Parkmobile’s mission to leverage technology and innovation to eliminate friction and maximize convenience and efficiency in parking for the owner, operator, and consumer.

Initially available in iOS, Parkmobile’s latest release is the first of its kind to offer an innovative and comprehensive app for all parking types. Markets launching today include Washington, D.C., the San Francisco Bay Area and Kansas City, MO, with many more scheduled to launch in the coming months.

“This is a tremendous step forward in realizing Parkmobile’s vision of consolidating all parking inventory and options through a single user interface,” said Jon Ziglar CEO of Parkmobile. “No longer does a consumer have to switch from one parking app to another to pay for parking on-street, reserve a space in advance, or find where they can go for the big game or concert. With Parkmobile, it is all there in one place. Connecting our user base of over 6 million consumers to our unparalleled network of on-street parking inventory and now the ability to see and reserve parking in advance for off-street facilities as well, we are delivering a complete, seamless parking experience to consumers. Further, this comprehensive app expands the options and visibility available to our clients to maximize the value of their parking and mobility related assets.”

Key features of the update include:

  • Reservation of spaces at gated facilities and major event venues across the country.
  • Completely redesigned, modern, intuitive user experience
  • Map-based view to see and quickly navigate to on and off-street parking as well as view nearby retail, restaurants and transit options
  • Nearby zones automatically populate in the screen to enable 1 tap zone number entry
  • Improved sign-up flow including camera capture for credit cards

“The industry is moving rapidly and technologies are converging as consumers increasingly expect real-time access to information and options in one place. We saw long ago that separating on-demand from reservations, events or permits created a disjointed experience for the consumer, not to mention requiring owners and operators to go to multiple vendors for various parking types. With the advanced Parkmobile App, we have built the foundation to usher in the next evolution in mobility.”

Users can now download the new consolidated app for iOS, with reservations coming to Android and mobile web in the coming weeks.

About Parkmobile:

Parkmobile, LLC is the leading provider for on-demand and prepaid mobile payments for on and off street parking. Their services have been adopted in more than 2,000 locations, including 39 of the top 100 cities in the U.S. by millions of registered users. Parkmobile’s services include on-street parking, off-street parking deck, airport and event reservations and municipal parking and transit permit solutions. Parkmobile serves over 20 airports as well as provides reserved parking solutions for private operators, the Super Bowl, the College Football Championship Series, PGA, Fenway Park, and Nationwide Arena, to name a few. For more information, visit us at http://www.parkmobile.com, on Twitter @Parkmobile, or facebook.com/Parkmobile.

Submitted by ClickReady of Atlanta.

Read the full story at http://www.prweb.com/releases/2017/05/prweb14366778.htm

Retailers React to Swipe Fee Reform Victory

Retailers React to Swipe Fee Reform Victory

PR Newswire

ARLINGTON, Va., May 24, 2017 /PRNewswire-USNewswire/ — Today, the Retail Industry Leaders Association (RILA) responded to news that House Republicans leaders were removing the repeal of swipe fee reform (Durbin Amendment) from the Financial CHOICE Act before it is voted on by the full House. Retailers opposed efforts to repeal the bipartisan provision passed in 2010 as part of Dodd-Frank that stopped large banks and card networks from charging merchants exorbitant fees on debit card transactions.

“Preservation of swipe fee reform is an important victory for retailers and consumers who would have faced higher fees from the country’s largest banks with every swipe of a debit card,” said Austen Jensen, Vice President of Government Affairs and Financial Services for RILA.

“This victory should finally put to rest efforts to repeal the debit reforms that have saved retailers and their customers billions in hidden fees. With this matter settled, RILA looks forward to supporting key provisions in the CHOICE Act as this legislation moves forward in the House.”

RILA is the trade association of the world’s largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/retailers-react-to-swipe-fee-reform-victory-300463637.html

SOURCE Retail Industry Leaders Association