June 27, 2013
V-Rooms™ released a case study on how ASG Securities uses the V-Rooms™ Virtual Data Room service to prepare and distribute time-sensitive due diligence material for Private Placement Memoranda (PPM) in a manner compliant with Regulation D, the JOBS Act, and Blue Sky Laws.
For over four years, V-Rooms™ has provided ASG Securities with an administrative platform for the distribution and reporting of confidential documents. ASG Securities, like all broker dealers, faces increased levels of regulatory challenges. Because the V-Rooms™ virtual data room platform provides a customizable acknowledgement page, data room archiving, watermarking and administrative reporting tools, V-Rooms™ allowed ASG Securities to achieve their objectives and remain compliant, while saving time and money by streamlining the administrative control process.
“V-Rooms™ has continuously provided us with an unparalleled level of service in not just one, but during ALL of the years we have used them, and in each and every case,” said Michael Scillia, Chairman of ASG Securities. ““For internal administrators, the V-Rooms customer service team has always been able to take care of every request made either immediately or very quickly.”
“Virtual data rooms have been used by companies for their fundraising efforts for years, and we at V-Rooms™ have prided ourselves in providing a FINRA compliant platform for the distribution and tracking of PPM documents.” said Karen Perkins, President of V-Rooms. “Now with the JOBS Act, a V-Room™ can also be extremely effective for investor solicitation and verification. It’s a perfect usage of our services.”
About ASG Securities:
ASG Securities, Inc. is a FINRA member and SEC licensed Florida based firm, which represents corporate and institutional clients. They are predominantly focused on corporate finance and investment banking activities, representing corporate clients in the sub-$250 million market and those corporations, funds, family offices, trust companies and institutions that invest in this sector. These include entities seeking M&A services and financing, sponsored funds or placements to institutions (Qualified Institutional Buyers and Qualified Purchasers), and larger corporate buyers. Additional information can be found at http://www.asgib.com/
V-Rooms™ provides a cloud-based, customizable virtual data room (VDR) solution that is designed to streamline document management, collaboration, exchange and archiving for financial, legal and corporate professionals. The V-Rooms™ Software-As-A-Service (SAAS) secure document portal facilitates the secure exchange of sensitive information providing compliant and auditable transactions. V-Rooms™ enables the acceleration of complex, information-intensive processes while reducing the time and expenses associated with data distribution, courier, printing and travel. Additional information can be found at http://www.V-Rooms.com.