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Knobias, Inc.: Knobias, Inc. Teams With V-Rooms(TM) to Offer PIPE Due Diligence Program

^{Published on 2009-01-14 08:41:09, Last Modified on 2009-01-14 08:41:58 - Market Wire}
 

PLEASANTVILLE, NY--(Marketwire - January 14, 2009) - Knobias, Inc. (PINKSHEETS: [ KBAS ]), a specialty provider of equity news, research and private placement information, today announced a partnership with V-Rooms™, a leading provider of virtual data rooms for M&A, fundraising and legal transactions. The alliance will provide participants in Private Investments in Public Equity (or PIPEs), such as public firms, placement agents, legal counsel and PIPE investors, exclusive access to a secure, online document management and due diligence platform to complete their transactions.

V-Rooms™ has developed a virtual data room platform ([ www.PIPEinvest.com ]) that provides a regulation-compliant system for comprehensive due-diligence information management, including the delivery, tracking and execution of the many documents necessary for completing a PIPE transaction. In addition to the significant cost savings of document printing, courier expense and compliance tracking, the online platform considerably accelerates the origination, revision and execution of transaction documents. All information is stored on a secure, central server that is readily accessible by the staff, advisors and management personnel of the issuer, placement agent and investors... 24 hours a day from any location.

"Knobias' PipeTRAC ([ www.pipetrac.net ]) already provides our users with complete transaction details, participant profiles & rankings, powerful analysis and statistical tools, and a host of PIPE-related alerts," said Steven Lord, CEO of Knobias. "Now, with the addition of V-Rooms™ virtual data room platform, PipeTRAC users can sharply lower the headaches, costs and compliance risks associated with closing a PIPE, while dramatically increasing efficiency."

"In today's financial market 'raising business capital' is top priority," said Dan Bradbary, CEO of V-Rooms™ Virtual Data Rooms ([ www.V-Rooms.com ]). "We have tailored our program to meet the needs of corporations searching for business capital via a PIPE investment. With our Software as a Service (Saas) model, a virtual data room can be up and running within hours, allowing for document upload the same day... requiring no investment or delay with software and hardware."

About Knobias:

Knobias provides a suite of financial software and services focused primarily on the equity and private placement sectors. It has offices in Ridgeland, MS and Pleasantville, NY. More information can be found at [ www.knobias.com ] or [ www.pipetrac.net ].

About V-Rooms™ Virtual Data Rooms [ www.V-Rooms.com ] (800-731-6379)

V-Rooms™ is an online software subscription service for document communication and collaboration, specifically focused on reducing a client's technology, administrative and expense burdens for processing a wide range of financial transactions. These transactions may include M&A, Fundraising, Compliance/SOX and Bankruptcy/Restructuring.