Daily News: December 5, 2012

VuMee, Coventry Capital Enter Into $2 million Credit Facility

VuMee Inc. announced it has entered into a $2 million credit facility with Coventry Capital. This funding will be utilized to help build VuMee’s sales efforts, marketing strategy, celebrity development, mobile and desktop development as well as its social following.

VuMee continues to invest in and enhance its website VuMee.com, mobile apps, celebrity development and user experience while continuing to grow viewership.

Michael Spiegel CEO of VuMee, stated, “We are extremely pleased that we have secured additional funding for our continued growth. This funding will allow us to expand our business development efforts and invest more resources into our mobile and desktop video platforms.”

VuMee is a digital mobile advertising platform designed to provide high profile individuals and brands the ability to connect with fans and consumers via engaging and entertaining video content.