BrevityAcquisition Opportunity:

Expression of Interest by: 4PM EST, September 19, 2014

OPPORTUNITY

This memo is in regards to an acquisition opportunity for an intellectual property portfolio relating to an innovative solution for compressing, reformatting and delivering media files developed by Brevity Ventures.

ASSETS FOR SALE

Founded in 2010, Brevity transforms video production and distribution workflows and redefines the time, cost, and efficiency required to move large media files. With its innovative, patented technology, it brings together simultaneous, super- accelerated transport and transcoding, and highly advanced algorithms, to provide simple and seamless solutions for video production, post-production, and distribution workflows. This is the solution to any compression, transmission and reformatting of large files.

Brevity is working with leading networks, studios, content providers, sports teams, and post-production houses to bring high efficiencies in video production, post-production, and distribution around the world. Famous customers include NBC Sports for the 2014 Sochi Winter Olympics, CBS Sports, Fox, Nascar and Deluxe.

Brevity

IP PORTFOLIO

Patent Related IP

  • 1 issued US patents (8,533,166)
  • 1 pending US applications (13/968,615)

BrevityDomains

  • brevity.com
  • brevitynyc.com
  • brevityv3.com
  • mybrevity.com
  • brevitycentral.com

Proprietary Software Modules

  • Brevity V2 Software
  • Brevity V3 Software
  • myBrevity Console – Access Portal for V2 software

Customer Contracts and Contact Information - Multiple LOIs for Service

DILIGENCE AND SALE PROCESS

Hilco Streambank is actively soliciting offers for the available assets. Further information is available upon request. Data room entry will be granted upon execution of non-disclosure agreement.

Expression of Interest by:  4PM EST, September 19, 2014

Bid Qualification: Bidders must execute a form of Asset Purchase Agreement acceptable to the Debtor, and substantially of the form provided by the Debtor. Additionally, Qualified Bids must be accompanied by a deposit of 10% of the amount of the bid, and Bidders may be asked to provide evidence of financial wherewithal as a qualifying condition.

  • Only qualified bidders will be allowed to participate in the sale process.
  • If there is more than one qualified bidder, there will be an auction to determine the highest and best offer (no later than september 24th).
  • The winning bidder will be expected to close within 5 business days of the Sale Hearing currently scheduled for September 25th.
  • The second place bidder will be required to keep their bid open until closing with the winner, or a closing with the second place bidder.
  • All other bidders will have deposits returned within 3 business days of the auction.