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Sustainable Life Media Receives Series A Funding from Well-Connected Group of Media Investors
March 18, 2008
FOR IMMEDIATE RELEASE
Sustainable Life Media Contact:
BURLINGAME, Calif., February 7, 2008 -- Sustainable Life Media (SLM), a business-to-business media and event company, announced today that it has closed its Series A investment. The round was led by William Cobert, CEO, EBITDA Media who is set to join SLM s board in conjunction with the close of the round. Omid Rahmat, formerly CEO of tomshardware.com, Kevin Jones of GoodCapital.com, and other silent financial partners, each with significant experience and connections to different well-known media companies, add significant strategic and operational bench strength to the company. Sustainable Life Media will use funding for expansion and to develop additional market offerings. Collaboration with another EBITDA property, Green Media Enterprises, is also planned.
This initial round of funding follows the success of SLM s inaugural Sustainable Brands 07 event, growing readership of multiple online newsletters, and the recent announcement of seasoned sustainability experts as advisors. Founded in 2004, SLM has been at the forefront of the nascent and exploding eco-movement and helped mainstream business create value through innovation for sustainability.
In Sustainable Life Media we have found a team who is genuinely committed to helping grow the emerging green business marketplace, and is already building a terrific track record of success on that front through their well regarded newsletters and events including their Sustainable Brands Conference, notes Cobert. But as importantly, they ve demonstrated they understand how to build a stable, profitable business at the same time. What a great validation of the opportunity for others who are looking for new opportunity to do well by doing good.
About Sustainable Life Media
A business-to-business online community, e-newsletter, research and event company located in Burlingame, CA, Sustainable Life Media (SLM) is home for business professionals looking to build new value and competitive advantage by innovating more sustainable strategies, practices and products. SLM brings business professionals top news stories related to the what, who and how of environmental and social innovation, and helps them connect with thought leaders, peers, partners and solutions providers that can help them quickly reach their goals. For more information, please visit: http://www.sustainablelifemedia.com/about
About EBITDA Media
EBITDA Media is an investment holding company for B-to-B media properties, and focuses upon building platform companies with integrated media capabilities in key niche markets. EBITDA Media is partnered with Veronis Suhler Stevenson (www.vss.com), a private equity buyout and structured capital fund management company dedicated to investing in the media, communications, information and education industries in North America and Europe. To date, VSS equity and structured capital funds have invested in 50 platform companies, which have in turn completed over 220 add-on acquisitions resulting in a portfolio with realized and unrealized enterprise values totaling approximately $9.2 billion.