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StationDigital Moves Corporate Headquarters to Prominent St. Louis Building to Access Top Software Talent and Expand its Branding Efforts
ST. LOUIS, June 30, 2014 /PRNewswire/ --Internet radio and digital broadcast platform provider StationDigital, Inc. (OTCQB:ALDV)today announced it has moved its corporate headquarters from Los Angeles to a building in St. Louis in order to attract top-tier talent and boost its branding efforts. It is leasing 13,268 square feet at The Highlands Plaza Two, located at 5700 Oakland Ave, Suite #200.
StationDigital chose St. Louis for its low cost of living and its abundance of quality software development talent that comes from area firms such as CenturyLink/Savvis, Visa, MasterCard, A&B, Rawlings, Energizer, Stifel Nicolaus, Ralston Purina, and US Bank, among others. The company is retaining an office presence in its former headquarters in Los Angeles in order to maintain its strategic ties to the entertainment and music industries.
StationDigital has signage rights on the building, with its sign to be viewed by more than 175,000 daily drivers from the I-64 highway. The building is centrally located between downtown St. Louis and the west county area, making it an attractive work destination for a large number of commuters. The Class A office suite comes fully furnished with modern items from Florence Knoll and Haworth. It's a LEED Silver classified building and offers free covered parking and several other amenities for tenants.
"Moving our headquarters to Saint Louis is an exciting chapter in the expansion and evolution of the company," said Lou Rossi, Chairman of the Board and CEO of StationDigital. "St. Louis provides companies like ours with a vibrant community, a low cost of living, and access to top-tier talent that will allow us to hire locally and build out a great team. We also wanted a centrally-located building with signage rights in order to build our local branding image to further promote the company as a place to work and the best choice for music streaming."
"As part StationDigital's strategic plan, we were searching for a corporate headquarters site that would support their branding and marketing initiatives. The Highlands Plaza Two, 5700 Oakland Ave, was the perfect high image, high identity building site in the West County where StationDigital will have building signage visibility from I-64 and a great location to attract the technology employees, and close to amenities and service for their employees" said their exclusive corporate real estate agent Nancy Morse CCIM, SIOR, Senior Vice President Cornish & Carey Newmark Knight Frank.
StationDigital provides quality streaming content through its library of more than 20 million songs. It features a personalized listening experience that allows users to build custom music playlists based upon themes and interests. It also offers the SD Rewards program which helps users earn virtual currency for listening to music and sharing StationDigital with friends on social media.
About StationDigital, Inc.
StationDigital (OTCQB:ALDV)is a multimedia digital broadcast company that offers free music streaming of over 23 million songs. StationDigital features both genre-based and artist-based music discovery stations to suit an endless variety of musical tastes, and a personal recommendation service to its more than three million users all available both online and through its iOS and Android mobile apps. StationDigital's users can customize their listening experience by selecting playlists and stations based on themes, interests and location, as well as favorite artists, songs or genre, and by providing feedback on the music they hear. StationDigital also offers the industry's first Listener Rewards program in which users earn points for listening, sharing and inviting friends on social media to enjoy StationDigital. Listener Rewards points are redeemable in the StationDigital online store to purchase music, merchandise and additional discounts. StationDigital is headquartered in Los Angeles. For more information, visit www.stationdigital.com or download the StationDigital app for Android or iOS mobile devices.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company's current plans and expectations, as well as future results of operations and financial condition. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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