AXION Receives $1.71 Million in Orders for ECOTRAX® Tunnel-Tie System

Company Establishes Rail Tie Plating Services Offering Fully-Engineered Solution

 

SOURCE AXION International Holdings, Inc.

AXION International Holdings, Inc. (OTCQB: AXIH), a leader in recycled polymer technologies used to produce ECOTRAX® composite rail ties/sleepers and STRUXURE® composite building products is pleased to announce today that it has received $1.71 million in orders for plated ECOTRAX® tunnel ties from Eastern Rail Corporation for a major northeast-based transit line. 

The tunnel ties are being produced and plated at AXION's facility in Waco, Texas, scheduled for installation in early spring. Including recent capacity expansion, AXION has established a complete rail tie plating fabrication line specifically for tunnel ties to offer the finished product for these orders and subsequent ones expected later this year. The Company's engineered tunnel-tie system includes a plated ECOTRAX® tie, as well as Eastern Rail's polymer-adhering grout, all of which is a direct replacement for existing wood tunnel ties. 

"Within tunnels, maintenance is significantly more expensive than in other areas of track, which is a combination of the volume of transit railcars and the fixed capacity within tunnels," described AXION's Cory Burdick, Director for the ECOTRAX® rail products division. "Our value proposition features ease-of-installation with an inert product. Our tie does not rot, installs like wood, and the grout is designed to cure quickly, combining to reduce a transit's downtime for maintenance."

Instrumental in creating the complete system, Eastern Rail's President Miguel Morales designed a polymer-adhering grout that embeds into the ECOTRAX® embossing pattern as it adheres to the concrete, locking the ties in place. "We found a partner in AXION that shares our interest in being much more than a manufacturer and supplier. The industry demands more sophistication and engineered solutions to problems, not just parts," noted Mr. Morales. "The ECOTRAX® product line, especially the tunnel-tie system, is a key example of providing an engineered solution that is highly valued by railroads."

Working with a globally recognized engineering firm for over three years, AXION developed and extensively tested its tunnel-tie system. Through third-party testing at a structures laboratory and in-track trials, AXION's tunnel-tie system has proven to be superior to every alternative.

"We are able to work with railway engineers to create a solution in these critical areas, an evolution from being solely a material supplier to the industry. During the next two years, we forecast that our significant technical development work will lead to more high-value orders and contracts, directly related to the increase in demand we are seeing today," explained AXION's Cory Burdick.

About AXION International Holdings, Inc.AXION (OTCQB: AXIH) creates innovative structural polymer solutions, engineering sustainable products and systems that provide improved long-term value, consistent performance, and reduced maintenance costs. AXION develops its solutions for the infrastructure, transportation, and energy industries. Visit www.AXIH.com.

About ECOTRAX® Composite Railroad TiesECOTRAX® composite rail ties are manufactured by AXION using 100% recycled plastics. Because they are inert, ECOTRAX® rail ties will not rot or absorb moisture, and they are impervious to insect infestation. Setting the industry standard, ECOTRAX® ties feature long life cycles and excel in the harshest conditions. From Australia to New York, ECOTRAX® ties are the tested, proven, and superior choice for railroads around the world. Click here to learn more.

About Eastern Rail CorporationEastern Rail Corporation was established in 2007, providing Miami Dade Transit with innovative and technologically-advanced products. Eastern Rail has grown beyond supplying a single transit, engineering green solutions for the transportation industry worldwide. Click here for more information.

Forward-Looking Statements This release contains "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause AXION's actual results to differ materially from those currently anticipated, including the availability of materials at favorable pricing, sufficient manufacturing capability, and the risk factors identified in AXION's filings with the Securities and Exchange Commission.

 

AXION Receives $801,000 Laminated Mat Order from Superior Energy Resources

Company Meets Growing Demand with Increased Capacity and Fabrication Capabilities

SOURCE AXION International Holdings, Inc.

AXION International Holdings, Inc. (OTCQB: AXIH), a leader in recycled polymer technologies used to produce ECOTRAX® composite rail ties/sleepers and STRUXURE® composite building products is pleased to announce today that it has received an $801,000 order from Superior Energy Resources, LLC, a leading distributor in the Marcellus and Utica shale regions, for STRUXURE® laminated mats, AXION's new product line extension within the STRUXURE® construction mat product group. The mats are being produced at AXION's Zanesville facility on new equipment, and they will be installed on natural gas upstream projects across Ohio, Pennsylvania, and West Virginia in the next few months.

"We have worked to provide high-value, long-lasting engineered products for our customers," explained AXION's Dave Crane, EVP for Building Products. "In partnering with Superior Energy Resources, we have developed several composite matting solutions for oil and gas drilling projects that offer greater durability than alternatives, will not absorb liquids, and are easy to transport and install.  Our expanding group of STRUXURE® construction mats are made from recycled plastic and can be recycled again at the end of their useful life."

Laminated, or layered, construction mats are used primarily in oil and gas upstream projects to support active heavy equipment, and large stationary items such as water tanks, as well as to build access roads to the drill pads.  Superior Energy's interest in AXION's composite mats is to expand its current product portfolio for various applications on shale gas projects that it manages today. Superior Energy's COO Stan Foster noted that "STRUXURE® laminated mats represent the next generation of composite matting for the customers that we serve, and it was an easy choice to partner with AXION, a company that engineers solutions based on needs in the field."

Superior Energy Resources is an integrated business that services Marcellus and Utica natural gas shale development through site construction, fabrication production, water management, equipment rental, site services, and waste removal.  Serving energy companies across the northeast region has been the key to Superior's growth and success.   Adding AXION's composite mats to an existing line of rig mats, water tanks, hoses, fittings, steel fabrication, and containment liners is a natural extension to an already successful value proposition.   Superior is expecting growth from its existing customers, has significant new customer acquisition plans, and views AXION as a key partner to a profitable future.

"AXION is forecasting significant growth in demand for our STRUXURE® construction mats.  Our recent manufacturing capacity and fabrication enhancements are ready to meet increasing demand for our engineered products," stated AXION's Dave Crane.

About AXION International Holdings, Inc.

AXION (OTCQB: AXIH) creates innovative structural polymer solutions, engineering sustainable products and systems that provide improved long-term value, consistent performance, and reduced maintenance costs. AXION develops superior polymer solutions for the infrastructure, transportation, and energy industries. Visit www.AXIH.com.

About STRUXURE® Construction Mats

Made with recycled plastics, AXION's composite matting solutions are non-corrosive, impervious to moisture, resistant to abrasion and tread wear, do not absorb or release any liquids or chemicals, and are ideal in wet and harsh-temperature environments. Consisting of heavy and laminated mat product lines, STRUXURE® mats are an engineered, long-term matting solution for industrial, energy, and civil construction projects. Click here to learn more.

About Superior Energy Resources, LLC

Superior Energy Resources, LLC is a family business located in Brockway, Pennsylvania, that supports and services the shale gas industry. Offering backyard services at the drill rig, rig mats, hoses and fittings, access mats, steel fabrication, containment, and more. You're in our backyard. Why aren't we in yours? 814-265-1080 or sales@superiorenergyresourcesllc.com.

Forward-Looking Statements

This release contains "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause AXION's actual results to differ materially from those currently anticipated, including the availability of materials at favorable pricing, sufficient manufacturing capability and the risk factors identified in AXION's filings with the Securities and Exchange Commission.

 

AXION More Than Doubles Production Capacity

Company Adds New Laminated Mat Fabrication and Rail Tie Pre-plating Services to Meet Growing Demand

 

SOURCE AXION International Holdings, Inc.

 

AXION International Holdings, Inc. (OTCQB: AXIH), a leader in recycled polymer technologies used to produce ECOTRAX® composite rail ties/sleepers and STRUXURE® composite building products is pleased to announce today that it has increased all phases of its production output, adding manufacturing and fabrication capabilities and capacity at its company-operated facilities in Waco, Texas, and Zanesville, Ohio.
 

Aligning with what CEO Claude Brown, Jr. wrote in his letter to shareholders in late 2014, AXION's production rate at its Waco facility has been steadily increased over the past six months to meet the growth in demand for its engineered products, consistently improving monthly recycled-plastic throughput from 1.5 million to over 2 million pounds, a Company record. To continue to meet current demand, production output must remain above 2 million pounds per month. 

According to Ron Hensen, the Company's Waco facility manager, "Recent production gains are attributed primarily to improvements in raw material sourcing and the addition, training, and stabilization of a fourth shift." The Waco facility now operates 24 hours per day, 7 days per week. The rate of regrind from unusable output, another factor and key performance indicator that typically escalates during production increases, has been reduced by 18% over the same period.

"Adding capacity at both facilities has been and continues to be a key goal, and we have more than doubled our yield in less than one year as we've significantly reduced our rate of unusable output," explained R. Russell Hall, VP of Operation Systems and Quality. "We are also focusing on fabrication and services that further distinguish AXION, which is a customer-driven emphasis that facilitates growth efficiently."

In Waco, construction mat fabrication continues at an increased rate, matching the doubling in other areas of the business. Related fabrication capabilities have been brought on-line for the ECOTRAX® rail division to meet the increase in demand for pre-plated rail ties, as well as a Company drive to offer that value-added service. Cutting and plating of tunnel ties, a new operation to meet demand for domestic transits and railroads, is underway, increasing the breadth of AXION's core competence in that location.

AXION's Zanesville operation started processing high-density polyethylene plastic in baled bottles for support of extrusion and mat fabrication processes in the middle of December. Plastic reprocessing capacity has doubled. Most of the reprocessed plastic is used as raw material for production of AXION's construction mats that are manufactured using two types of extrusion lines: continuous extrusion for small- and medium-sized profiles and molded extrusion for larger profiles.

In early February at its Zanesville facility, AXION began fabrication of laminated and heavy mats, two types of construction mats in its STRUXURE® line. Laminated mat fabrication is expanding to keep pace with growing order quantities. The Company is also increasing construction mat inventory levels in Waco and Zanesville to service large customers. 

Given the demand across its ECOTRAX® composite rail tie and STRUXURE® construction mat lines, AXION has begun preparation for another doubling of production capacity before the end of 2015.

About AXION International Holdings, Inc.AXION (OTCQB: AXIH) creates innovative structural polymer solutions, engineering sustainable products and systems that provide improved long-term value, consistent performance, and reduced maintenance costs. Made with recycled plastics, AXION's products are non-corrosive, impervious to moisture, do not leach chemicals, are resistant to insects and rot, and are capable of supporting heavy loads. From the transportation to the energy industries, AXION develops superior polymer solutions for infrastructure needs around the world. Visit www.AXIH.com for more information.

Forward-Looking Statements 

This release contains "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause AXION's actual results to differ materially from those currently anticipated, including the availability of materials at favorable pricing, sufficient manufacturing capability and the risk factors identified in AXION's filings with the Securities and Exchange Commission.

 

AXION's Distributor Alcoa Fastening System and Rings Secures 3-Year $8 Million Contract for the Supply of ECOTRAX Sleepers to KiwiRail of New Zealand

Largest Rail Transport Operator in New Zealand Purchases ECOTRAX 100% Recycled Composite Rail Ties

SOURCE AXION International Holdings, Inc.

AXION International Holdings, Inc. (OTCQB:AXIH), a leader in recycled polymer technologies used to produce ECOTRAX® composite rail ties/sleepers and STRUXURE® composite building products is pleased to announce today that its distributor Alcoa Fastening System and Rings (AFSR) has secured a 3-year $8 million contract to supply various sizes of ECOTRAX® ties to KiwiRail, New Zealand's largest rail transport operator. 

The contract specifies ECOTRAX® ties for mainline track as well as specialty ties for road crossings, bridges, and turnouts through AFSR Melbourne Industrial Fasteners Operations.

AXION Global Sales Manager, Cory Burdick stated, "This is a major announcement as we have been working with KiwiRail on several projects in which they have tested and placed small purchase orders for our ECOTRAX® rail ties through our distributor AFSR. This sizeable contract demonstrates our proven competitiveness in the market and also the superiority of our 100%-recycled products as they have the ability to withstand harsh environments and, in fact, have excelled in areas where the environment tends to degrade traditional wooden ties. New Zealand is facing growing concerns for replacing wood ties as they reach the end of their useful life prematurely due to rot, erosions, and other factors. We have been able to address that successfully and economically."

AFSR Australia Sales & Marketing Manager, Ian Norrie said, "KiwiRail is demonstrating its environmental values by embracing this fully recycled (and recyclable), non-leaching 'Green' product. KiwiRail selected ECOTRAX® composite sleepers from AFSR Australia based on their proven record in both North America and Australia."

Headquartered in Wellington, New Zealand, KiwiRail is the largest rail transport operator in New Zealand. KiwiRail operates services on 3,898 kilometers track, of which around 500 kilometers are electrified. Since 2010, KiwiRail has been implementing a decade-long program of investment to ensure that the rail network can deliver the highest levels of service expected from its passenger and freight customers. The $4.6 billion turnaround plan, approved by the government, is designed to preserve and enhance New Zealand's national rail freight network and move KiwiRail to a sustainable business model that delivers value to their customers and taxpayers.

About ECOTRAX®ECOTRAX® composite rail ties are manufactured by AXION using 100%-recycled plastics. Because they are inert, ECOTRAX® rail ties will not rot or absorb moisture, and they are impervious to insect infestation. Setting the industry standard for composite rail ties, ECOTRAX® ties feature long life cycles and excel in the harshest conditions, making them a cost-effective choice in road crossings, turnouts, open-deck bridges, and freight-line track. From Australia to New York, ECOTRAX® ties are the tested, proven, and superior choice for railroads around the world. Click here to learn more about ECOTRAX® rail ties.

About AXION International Holdings, Inc.AXION (OTCQB: AXIH) creates innovative structural polymer solutions, engineering sustainable products and systems that provide improved long-term value, consistent performance, and reduced maintenance costs. Made with recycled plastics, AXION's products are non-corrosive, impervious to moisture, do not leach chemicals, are resistant to insects and rot, and are capable of sustaining heavy loads. From the transportation to the energy industries, AXION develops superior polymer solutions for infrastructure needs around the world. Visit www.AXIH.com for more information.

About Alcoa Fastening Systems & Rings

Alcoa Fastening Systems & Rings, a business unit of Alcoa, is a leading worldwide designer and manufacturer of fastening systems and rings, including specialty fasteners, fluid fittings, assembly components, installation systems, and seamless rings for aerospace and industrial applications. Headquartered in Torrance, California, the company has over 7,800 employees at 39 manufacturing and distribution/logistics locations in 13 countries. For more information, visit afsr.alcoa.com

Forward-Looking Statements This release contains "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause AXION's actual results to differ materially from those currently anticipated, including the availability of materials at favorable pricing, sufficient manufacturing capability and the risk factors identified in AXION's filings with the Securities and Exchange Commission.

 

Viggle and inMarket Partner to Deliver Location-Targeted Mobile Advertising Capabilities

Advertisers Win As Viggle Leverages inMarket’s Beacon Technology and Native Proximity Marketing Expertise

Source:  Viggle, Inc.

Millions of music, TV and movie fans who love rewards and special offers now have another reason to love Viggle. Viggle (VGGL) has partnered with inMarket -- the world’s largest beacon platform -- to provide utility, targeted offers and branded engagement to Viggle users based on context and their proximity to retail environments. Beginning in March, inMarket’s groundbreaking beacon and native proximity platform will expand Viggle's engagement capabilities out of home with contextual special offers and branded messages based on where they are and what they’re doing. 

The offers are customized to appeal to Viggle users’ specific tastes based on their past preferences and media consumption patterns. Contextual engagements triggered by beacons receive interaction rates of five to seven times higher than traditional push messages due to their relevancy and timing. inMarket and Viggle are bringing an entirely new advertising capability to market for brand marketers as they combine the power and emotion of TV advertising with the hyper-local, hyper-relevant targeting of mobile devices at retail. 

Dave Heinzinger, Senior Director of Communications at inMarket, said, “When we deploy proximity engagements and beacons in an intelligent way, we see enormously positive results, such a 6x increase in app retention. Our partnership with Viggle is connecting the dots of engagement from the couch all the way to the point-of-purchase, in a way that measurably delivers ROI for our brand and retailer partners.” 

Greg Consiglio, president and COO of Viggle, said, “Viggle users have an incredibly high engagement rate with brand advertisements viewed on their mobile devices while watching TV in their living rooms. With inMarket, advertisers can now also reach Viggle users based on their established preferences and retail locations. This partnership bridges the gap between broadcast advertising and digital shopper marketing in stores. We are very excited about this agreement and its future potential for targeted mobile advertising based on location and entertainment preferences.” 

About inMarket

inMarket is the world's largest beacon and native proximity platform, reaching over 40 million verified shoppers per month via top beacon-enabled apps, and influencing over $300BN in annual sales. Over 100 brands have tapped inMarket's mobile shopper audience to create engagements at the most receptive time along the path to purchase, resulting in verified sales lift, increases in brand awareness and positive ROI. Mobile shoppers love these relevant engagements and retain context-aware apps on the inMarket platform up to 6x more than static apps.

inMarket was founded in 2010, and has offices in Venice Beach, CA and New York, NY. For more information, please visit www.inMarket.com. 

About Viggle Inc.

Viggle is an entertainment marketing and rewards platform whose app rewards its members for watching TV shows and discovering new music. The Viggle Platform had an average monthly total reach of 26 million for the three months ended December 2014, including over 7.9 million Viggle registered users. Since its launch, Viggle members have redeemed over $22 million in rewards for watching their favorite TV programs and listening to music. Members can use Viggle’s store, accessible through the Viggle app or on Viggle.com, to redeem their Viggle Points for TV show, movie, and music downloads. In addition, Viggle operates Wetpaint, which offers entertainment and celebrity news online; NextGuide, maker of technology that helps consumers search for, find, and set reminders for TV shows and movies; and Choose Digital, a digital marketplace platform that allows companies to incorporate digital content into existing rewards and loyalty programs in support of marketing and sales initiatives. For more information, visit www.viggle.com or follow us on Twitter @Viggle.

Viggle Reports 43% Year-Over-Year Revenue Growth and 116% Increase in Registered Users for Its Second Quarter Fiscal 2015

Net Registered Users Surpasses 7.9 Million; Average Monthly Total Reach Hits 26.0 Million

Source:  Viggle, Inc.

Viggle Inc. (VGGL), the entertainment marketing and rewards platform, posted strong double-digit growth in its key operating and financial metrics for its second quarter fiscal year 2015 ended December 31, 2014. Year-over-year revenue and sequential quarterly growth were significant, as were engagement and registered users. Revenue grew 43 percent to $7.185 million in F2Q 2015, compared with F2Q 2014, while sequential quarterly revenue grew 11 percent from $6.476 million in F1Q 2015. 

The average monthly total reach for the quarter ended December 31, 2014 was 26.04 million, compared with 17.34 million for the year-ago quarter, and 23.81 million for the quarter ended September 30, 2014. 

Almost one million new users registered on the Viggle platform during the quarter, bringing net registered users to more than 7.9 million, compared with 3.7 million net registered users as of the end of the year-ago quarter, an increase of 116 percent. 

Viggle’s quarter was highlighted by new key partnerships including HGTV, HitFix, Gracenote, and a new mobile technology in collaboration with Opera Mediaworks that allows TV network advertisers the ability to offer a brand-new call to action, Add-to-DVR, as part of their mobile campaigns. Rewards and content offerings were also expanded, giving Viggle users the ability to rent or own TV shows and movies from M-GO, the premium digital video on demand (VOD) service and joint venture between Technicolor and DreamWorks Animation. 

In October 2014, Viggle secured a $30 million investment through a securities purchase agreement with Sillerman Investment Company III, an entity owned by the Company’s Chairman and CEO, Robert F.X. Sillerman. Proceeds from the funding were used to repay $15 million of existing indebtedness and for working capital purposes including marketing, and to fuel innovation for its marketing and rewards platform. 

On January 23, 2015, Robert F.X. Sillerman, Chairman and CEO of both SFX and Viggle, announced that SFX entered into a sales agency agreement with Viggle that is expected to significantly bolster Viggle’s brand partnership, media and sponsorship capabilities. According to the three-year agreement between SFX and Viggle, the combined sales organization at SFX that will now represent Viggle to brand advertisers will sell all inventory for both companies. Combining efforts and inventory with SFX will give Viggle access to a significantly broader client base and sales opportunities. 

Greg Consiglio, President and COO of Viggle, said, “The results indicate that the Viggle platform is truly grabbing hold. Increases in all metrics point to increased customer acceptance and adoption brought on by a wide variety of factors. Execution of what we described in our IPO is a testimonial to both the vision of the company and the fabulous men and women who are making it a reality.”

As of the end of F2Q 2015, Viggle users have checked into 451,944,633 TV programs and matched more than 105 million songs using the Viggle Music service. As of December 31, 2014, users have redeemed more than 49 billion points for approximately 4.1 million rewards, an average of 12,035 points per reward redemption. The total retail value of rewards redeemed through December 31, 2014 is approximately $22 million. Overall, users’ average time in the Viggle app has been more than 63 minutes per session. 

For F2Q 2015, Viggle reported an Adjusted EBITDA loss of $7.0 million as compared to an Adjusted EBITDA loss of $5.2 million in F2Q 2014 and $7.8 million in F1Q 2015. Sequentially, non-marketing operating costs fell by $1.2 million and marketing spend increased by $1.1 million as compared with F1Q 2015 yielding lower Adjusted EBITDA losses. Adjusted EBITDA loss grew as compared to a year ago due to increased marketing spend of $3.3 million, partially offset by higher revenues. 

For more details on these results and a description of all definitions, please see Viggle’s quarterly form 10-Q filed this same date.

 

Viggle Inc. Filings

 

RewardsPay Partners with Viggle To Allow Viggle Points To Be Used at Major Online Retail Sites

For the First Time, Viggle Points Can Be Used Outside the Viggle App as a Currency for Retail

Source:  Viggle, Inc.

Viggle (VGGL), creator of the entertainment marketing platform that rewards users for watching TV and listening to music, has launched a partnership with RewardsPay^® (www.rewardspay.com), an innovative payment platform that enables frictionless redemption of loyalty and rewards points at online merchants, giving Viggle users the opportunity to use their Viggle points towards purchases of goods from popular online retailers. As a result of this partnership, Viggle Points can be used outside the Viggle app for the first time as a currency for retail purchases. 

The partnership with RewardsPay, gives Viggle users the opportunity to shop, at leading online retailers that sell a range of products including furniture, rugs, bedding, electronics, clothing jewelry, and more. 

RewardsPay is a streamlined consumer payment service that allows Viggle users to use Viggle points to securely purchase goods and services from some of the world’s leading online merchants. Viggle users can transform the points they’ve accumulated to buy nearly any type of goods or service from top online retail brands across a wide variety of shopping categories including clothing, electronics, books, music, home improvement and more. 

“We’re excited to work with Viggle and to be able to offer Viggle users the opportunity to shop for a broad array of items using their Viggle points,” said Anu Shukla, Founder & CEO of RewardsPay. “Viggle’s commitment to rewarding their users’ loyalty by providing such a diverse variety of redemption options is inspiring. We’re honored to deliver a simple yet innovative new way of enjoying Viggle.” 

Shopping with RewardsPay is simple. Viggle users shop online, selecting items and checking out as they normally would by clicking on the RewardsPay payment button on the checkout page of a participating merchant’s website. Viggle users decide how much of their payment they want to make using Viggle points, and RewardsPay facilitates a real-time transaction that draws the points from the user’s account.

“Viggle users will soon be able to use Viggle Points at participating retailers’ websites,” said Greg Consiglio, president and COO of Viggle. “Now the time they spent watching TV can become even more rewarding because the RewardsPay platform gives Viggle users the flexibility to use their points to purchase everything from electronics to home furnishings. It’s yet another way Viggle is adding value to our program and listening to what our users actually want.” 

Viggle users will continue to be able to browse the extensive collection of redeemable movie, television and music options that are available to members of the Viggle entertainment marketing platform that rewards users for watching TV and movies, listening to music, and watching videos. Since its launch, Viggle members have redeemed over $20 million from a vast selection of rewards for watching their favorite TV programs and listening to music. 

About RewardsPay

RewardsPay is a consumer payment service that enables consumers to use credit card reward points, cash rewards, hotel points, and airline miles to pay for items at leading merchant websites and applications. Consumers can use RewardsPay to purchase fashion apparel, gifts, shoes, furniture, housewares, jewelry, organic produce, and more from leading online merchants (www.rewardspay.com/merchants). RewardsPay enables reward programs including VOILÀ Hotel Rewards, Discover’s Cashback Bonus®, Choice Hotels Choice Privileges® and others to improve customer loyalty and redemption, while merchants benefit from a boost in sales conversions and increased basket sizes. Founded in 2011 and headquartered in Mountain View, California, RewardsPay has a seasoned management team with decades of combined experience in alternative payments, loyalty and rewards, payments, and games. For more information, visit www.rewardspay.com. 

About Viggle Inc. 

Viggle is an entertainment marketing and rewards platform whose app rewards its members for watching TV shows and discovering new music. Viggle Platform had total reach of 28.5 million in November 2014, including over 7.7 million Viggle registered users. Since its launch, Viggle members have redeemed over $20 million in rewards for watching their favorite TV programs and listening to music. Members can use Viggle’s store, accessible through the Viggle app or on Viggle.com, to redeem their Viggle Points for TV show, movie, and music downloads. In addition, Viggle operates Wetpaint, which offers entertainment and celebrity news online; NextGuide, maker of technology that helps consumers search for, find, and set reminders for TV shows and movies; and Choose Digital, a digital marketplace platform that allows companies to incorporate digital content into existing rewards and loyalty programs in support of marketing and sales initiatives. For more information, visit www.viggle.com or follow us on Twitter @Viggle. 

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. All information provided in this press release is as of the date of this release. Except as required by law, Viggle Inc. undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.