Littlebanc Advisors Raises $3 Million in Series A Preferred Financing for Apollidon,...

Thu Apr 14, 2011 2:12pm EDT

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Littlebanc Advisors Raises $3 Million in Series A Preferred Financing for
Apollidon, Inc., a Worldwide Marketer of Online Learning Programs

BOCA RATON, Fla., April 14, 2011 (GLOBE NEWSWIRE) --

Transaction Information

On April 14, 2011, Littlebanc Advisors, LLC, announced the completion of a $3
million Series A Preferred financing for Apollidon, Inc. Littlebanc acted as the
sole placement agent and financial advisor to the company.

The round was funded by Sopris Capital Associates, a venture capital firm that
partners and provides funding to early and growth stage companies. As part of
the transaction, Jon Kaiden, Principal and Founding Member of Sopris, will join
Apollidon's Board of Directors and provide strategic guidance and relationships
to the company.

The $3 million capital raise will allow Apollidon to accelerate development of
its education marketing programs for its network of public universities
dedicated to creating and implementing high quality and economical distance
learning programs and services.

"Apollidon provides a valuable service to universities that wish to expand their
geographic footprint. Many prestigious universities lack effective outreach
efforts to identify and acquire qualified students for their online learning
programs. Apollidon provides a valuable and systematic approach for these
schools to successfully target qualified online students. We are very pleased to
be associated with John Everett and his company."

Michael Margolies, CEO, Littlebanc Advisors, LLC.

Client Information

Apollidon, Inc. specializes in worldwide marketing and outreach for online
distance learning programs. It partners with prestigious public universities to
develop marketing initiatives tailored to the unique needs of the specific
program, effectively increasing enrollments and attracting qualified students.

In July 2010, Apollidon was selected as the sole provider of marketing services
for distance learning by the American Distance Education Consortium (ADEC), a
consortium of 65 prestigious public universities, dedicated to creating and
implementing high quality, economical distance education programs and services.
Apollidon will utilize the funding to expand its development of online education
marketing programs for its network of 65 universities.

"Littlebanc Advisors extraordinary efforts and broad network of exceptional
investors have provided Apollidon the capital to dramatically accelerate our
growth in the distance education marketing services business.  We are excited
about our relationship with our new partners and look forward to working with
them to provide services connecting students with world class content from
outstanding universities."

John Everett, CEO of Apollidon, Inc.

For more information please visit

About Littlebanc Advisors, LLC

Littlebanc Advisors, a merchant and investment banking firm, specializes in
funding small, high quality growth companies. With its roots in research and
long established Wall Street relationships, Littlebanc matches client companies
with partner-minded investors fostering a stable and long- term shareholder

For more information please visit

CONTACT: Littlebanc Advisors, LLC
         Michael Margolies

         Menachem Kranz
         Managing Partner