2018 News Releases

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11/27/18RMG Partners with Kennedy Space Center Visitor Complex to Reimagine Guest Experience
DALLAS, Nov. 27, 2018 (GLOBE NEWSWIRE) -- RMG Networks (“RMG”), global leader in technology-driven visual communications, has partnered with the iconic Kennedy Space Center Visitor Complex to energize its guest experience with customized creative video content powered through RMG MAX LED technology. RMG Partners with Kennedy Space Center... 
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10/04/18Virgo Capital and Sachs Capital Group Acquire RMG Networks
DALLAS, Oct. 04, 2018 (GLOBE NEWSWIRE) -- RMG Networks (“RMG”), global leader in technology-driven visual communications, announced today it has been converted to a privately held entity in a transaction led by Virgo Capital with participation from existing investor Gregory H. Sachs. The transaction included a large capital infusion to be used towards growth and acquisitions.  Virgo Capital, based in Austin, Texas, is a leading private equity firm focused on control investments in establish... 
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09/27/18RMG Announces Results of Special Meeting and Expected Merger Closing
DALLAS, Sept. 27, 2018 (GLOBE NEWSWIRE) -- RMG Networks Holding Corporation (NASDAQ:RMGN), or RMG, a global leader in technology-driven visual communications, and SCG Digital, LLC (“Parent”), announced today that RMG’s stockholders voted to adopt and approve the previously announced merger agreement among RMG, Parent, SCG Digital Merger Sub, Inc. (“Merger Sub”) and SCG Digital Financing, LLC at a special meeting of RMG’s stockholders held on September 27, 2018. In addition, RMG’s stockholders ... 
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08/06/18RMG Announces Results of Board Meeting and Resignation of Three Directors
DALLAS, Aug. 06, 2018 (GLOBE NEWSWIRE) -- RMG Networks Holding Corporation (the “Company”) (NASDAQ: RMGN) today announced that the special committee of the board of directors of the Company (the “Special Committee”) and the board of directors of the Company (the “Board”) each held a meeting on August 1, 2018 to consider the previously announced alternative acquisition proposal from a third party, Hale Capital Partners, Inc. (“Hale”), to engage in a recapitalization transaction with the Company... 
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06/05/18RMG Special Committee Concludes “Go-Shop” Process; Receives Alternative Acquisition Proposal
DALLAS, June 05, 2018 (GLOBE NEWSWIRE) -- The Special Committee of the Board of Directors of RMG Networks Holding Corporation (NASDAQ:RMGN) today announced that the “go-shop” period provided for in the existing merger agreement (the “Merger Agreement”) between the company and entities owned by Mr. Gregory Sachs, the company’s executive chairman, has ended and has elicited an alternative acquisition proposal from a third party to engage in a recapitalization transaction with the company (the “A... 
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05/10/18RMG Reports First Quarter 2018 Results
DALLAS, May 10, 2018 (GLOBE NEWSWIRE) -- RMG Networks Holding Corporation (NASDAQ:RMGN), or RMG, a global leader in technology-driven visual communications, today announced its financial results for the first quarter ended March 31, 2018. First Quarter Financial Review Total revenue of $7.5 million decreased 17% from $9.0 million in the first quarter of 2017. Products revenue of $3.0 million decreased 23% from $3.9 million in the first quarter of 2017, resulting primarily from a decre... 
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04/03/18RMG Networks Holding Corporation Agrees to be Acquired by SCG Digital, LLC
DALLAS, April 03, 2018 (GLOBE NEWSWIRE) -- RMG Networks Holding Corporation (NASDAQ:RMGN), or RMG, a global leader in technology-driven visual communications, and SCG Digital, LLC, announced today the execution of a definitive merger agreement pursuant to which SCG Digital, LLC, an affiliate of Mr. Gregory Sachs, RMG’s Executive Chairman, will acquire RMG in a transaction valued at approximately $16.8 million, including the assumption of approximately $2.65 million of debt. Under the terms ... 
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01/25/18RMG Announces Five-Year, $460,000 Contract for its Next-Generation Korbyt SaaS Platform with a Large Resort & Casino Company
First Major Korbyt Sale Validates Management’s Expectations for New SaaS Platform DALLAS, Jan. 25, 2018 (GLOBE NEWSWIRE) -- RMG Networks Holding Corporation (NASDAQ:RMGN), or RMG, a global leader in technology-driven visual communications, announced a five-year, $460,000 contract with a large resort & casino company to provide an interactive digital signage and 3D wayfinding solution powered by RMG’s next generation KorbytTM SaaS platform. “We are pleased to announce within 90 days of ... 
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