October 1, 2014

Dear Edwin,


Welcome to Q4 of what has been a
pretty good year so far.
At Progress Partners, we
are pleased to present you our
Quarterly Newsletter with some
updates on our business and client
activity.

In Q3, we were please to announce
our third transaction of the year
with the sale of LSN Mobile, a
local mobile media advertising
company, to Raycom Media.

The following is a summary of
current and active engagements
in Media,Marketing, Advertising,
and Enterprise. For additional
information and a corresponding
point of contact, please click on the
links accompanying the companies
listed below.

Thank you for your continued
support and interest in our firm's
activity.

Nick, Sam, and Chris


Strategy Advisory

Company 135: Corporate Development
A marketing data product which
integrates from all customer touch
points in order to identify and
interpret behavior in real time and
advance customers from
prospector, to single-purchaser, to
long-term buyer. (Click for more
information)


Team

Chris Legg
Nick MacShane
Sam Thompson
Doug Billman
Sung Lee
Davis Rosborough
Alden French
Annabel Yee



Company 149: Strategic Advisory
An online, cross-platform,
subscription-based service that
provides consumers with audio
versions of popular books. (Click
for more information)

Company 158: Corporate
Development
An email marketing, social media
marketing, event marketing, and
online survey platform for small
businesses. (Click for more
information)

Company 176: Strategic Advisory
A data-driven TV media planning
software platform that provides
iterative hyper-local data
visualization for buyers and sellers
of TV advertising media. (Click for
more information)

Company 187: Strategic Advisory
A developer and manufacturer of
non-invasive intoxication
measurement systems for the
alcohol testing market with
applications including medical
diagnostics, law enforcement,
workforce and industrial safety,
vehicle safety, and alcohol point-of-
sale liability reduction
systems. (Click for more
information)

Company 193: Strategic Advisory
A premium publisher trading desk
that provides a cloud-based yield
management system through its
universal exchange and parallel
auction platform. (Click for more
information)



Current M&A Clients

Company 152: M&A Advisory
A direct marketing agency
providing a full suite of solutions to
acquire new customers and
maximize their lifetime
value. (Click for more information)

Company 162: M&A Advisory
A cloud-based workflow automation
and campaign management
platform for the media and
advertising industries. (Click for
more information)

Company 169: M&A Advisory
An online freelance writer
marketplace that enables
customers to source writing
services, manage workflow and
measure content
performance. (Click for more
information)

Company 170: M&A Advisory
A full-service SaaS-based white-
label classified advertising solution
for media publishing groups to
place and promote online and
traditional advertising in any
classified vertical. (Click for more
information)

Company 191: M&A Advisory
An online, desktop and tablet
literacy software provider for
individuals, K-12, higher education
and publishers.(Click for more
information)


We are also currently representing
a number of other Private
Placement clients at this time. For
more information, please
contact Nick MacShane or Sam
Thompson.


About Progress Partners

Progress Partners is a Boston- and New York-based finance and M&A advisory firm that works with
owners and management of emerging growth companies to identify, build and realize business
value. Our deep industry expertise, high ethical standards, cultivated relationships, extensive
network, and entrepreneurial experience give us the ability to achieve superior results for our
clients.

Boston New York
One Broadway, 14th Floor 245 Park Avenue, 27th Floor
Cambridge, MA 02142 New York, NY 10167

(617) 401-2700
www.progresspartners.com

Securities related transactions are offered through a registered representative of an independent
broker/dealer, M&A Securities Group, Inc. Member FINRA/SIPC. Testimonials contained in this site
are not indicative of future results.