News

RMG Networks Announces Results of Special Meeting

Stockholders Approve Issuance of Common Stock Upon Conversion of Preferred Shares

DALLAS, TX -- (Marketwired) -- 05/14/15 -- RMG Networks Holding Corporation (NASDAQ: RMGN), or RMG Networks™, a leading provider of technology-driven visual communications solutions, today announced that at the special meeting of stockholders that was held on May 13, 2015, stockholders approved, for purposes of NASDAQ Listing Rule 5635, the issuance by the Company of 24,999,999 shares of the Company's common stock upon the conversion of 249,999.99 shares of the Company's Series A convertible preferred stock.

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RMG Networks Reports First Quarter 2015 Results

Continues Strong Progress on Key Strategic Initiatives; Significantly Narrows Adjusted EBITDA Loss from Continuing Operations From Prior Year

DALLAS, TX -- (Marketwired) -- 05/14/15 -- RMG Networks Holding Corporation (NASDAQ: RMGN)

First Quarter Highlights

  • Total revenues from continuing operations1 of $9.3 million; narrowed adjusted EBITDA loss from continuing operations1, 2 to $1.6 million from$2.8 million in the first quarter of 2014
  • Enterprise products and professional services revenues up 8.3% and 5.6% year-over-year, respectively
  • Completed 'Six New Products in Six Months' initiative, bringing to market four additional Enterprise business solutions
  • Successfully completed a $25 million private placement, eliminating its senior debt facility and adding $9.6 million in net cash proceeds to the balance sheet
  • Subsequent to quarter-end, appointed two key hires in Jana Ahlfinger Bell, Chief Financial Officer, and Chuck Corbin, Head of North American Sales
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RMG Networks Announces One-Day Adjournment of Special Meeting


DALLAS, TX -- (Marketwired) -- 05/13/15 -- RMG Networks Holding Corporation (NASDAQ: RMGN), or RMG Networksa leading provider of technology-driven visual communications solutions, today announced that its special meeting of stockholders that was scheduled for, and was convened on, May 12, 2015, was adjourned due to the lack of a requisite quorum. The vote in favor of the proposal was in excess of 98% as of May 12, 2015. Only stockholders of record on the record date of April 27, 2015, are entitled to vote and are being requested to vote.

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RMG Networks Appoints Jana Ahlfinger Bell as Chief Financial Officer

Proven Financial Executive With 30 Years of Experience Joins Senior Leadership

DALLAS, TX -- (Marketwired) -- 04/27/15 -- RMG Networks Holding Corporation (NASDAQ: RMGN), or RMG NetworksTM, a leading provider of technology-driven visual communications solutions, today announced that Jana Ahlfinger Bell has been appointed as Executive Vice President and Chief Financial Officer of the company effective April 27, 2015. 

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