Stingray Digital Group Inc. files preliminary prospectus for Initial Public Offering

Stingray Digital Group Inc. Files Preliminary Prospectus for Initial Public Offering   Stingray Digital Group Inc. (‘’Stingray’’) today filed a preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada in connection with the proposed initial public offering of its subordinate voting shares and variable subordinate voting shares (the “Offering”). A copy of the preliminary prospectus is available on SEDAR at www.sedar.com.

The Offering is being made through a syndicate of underwriters co-led by National Bank Financial Inc., GMP Securities L.P. and BMO Capital Markets, and comprised of CIBC World Markets Inc. and TD Securities Inc.

No securities regulatory authority has either approved or disapproved the contents of this news release. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of Stingray Digital Group Inc. in any jurisdiction in which such offer, solicitation or sale would be unlawful. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons except in compliance with the registration requirements of the 1933 Act and applicable state securities laws or pursuant to an exemption therefrom.

About Stingray

Stingray is a leading business-to-business multi-platform music and in-store media solutions provider operating on a global scale, reaching an estimated 110 million Pay-TV subscribers (or households) in 111 countries. Geared towards individuals and businesses alike, Stingray’s products include the following leading digital music and video services: Stingray Music, Stingray Concerts, Stingray Music Videos, Stingray Lite TV, Stingray Ambiance and Stingray Karaoke. Stingray also offers various business solutions, including music and digital display-based solutions through its Stingray Business division. Owned by Telesystem, Novacap and Boyko Investment Corporation, Stingray is headquartered in Montreal and currently has over 225 employees across the world, including in Miami, London, Amsterdam and Tel Aviv. Stingray was recognized in 2013 and 2014 as a finalist in the Top 50 of Deloitte’s Technology Fast 50TM list, and figures amongst PROFIT magazine’s fastest-growing Canadian companies. For more information, please visit www.stingray.com.

This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States.

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Information:
Mathieu Péloquin
Senior Vice-President, Marketing and Communications
Stingray Digital Group Inc.
514-664-1244, ext. 2362
mpeloquin@stingray.com