rVue Holdings, Inc. Appoints Marc Pacchini to Board and Provides Business Update

Sat Feb 16, 2013 3:08am EST

* Reuters is not responsible for the content in this press release.


CHICAGO, Ill., Feb. 16, 2013 (GLOBE NEWSWIRE) -- via PRWEB - rVue Holdings, Inc. (OTCBB:RVUE)
announced today the addition of Marc Pacchini to the board of directors and provides corporate

New Board Member

Mark Pacchini served as President of Draftfcb Asia Pacific and had executive oversight of
Draftfcb's West Coast operations in the United States. During his tenure at Draftfcb, Mark has
accumulated over 30 years of agency experience working with an impressive roster of global
clients, including Beiersdorf, Boeing, Dow, Kraft, SC Johnson and Yum! Brands among others. Mark
first joined FCB in 1980. Prior to the creation of Draftfcb in 2006, Mark served as co-president
of FCB Chicago beginning in 2004. In this role, Mark was part of the executive team that
significantly grew multiple clients' brands and the agency's business.

Mark earned his bachelor's degree in business administration from Western Michigan University and
his master's in advertising from Northwestern University. He is an active board member of the Off
The Street Club, which is dedicated to improving the lives of children on Chicago's West Side. He
is also a board member of the Minnesota Wild Hockey Organization.

"Marc Pacchini is a respected leader with a successful track record in advertising, marketing, new
media and international expansion," said Michael Mullarkey, executive chairman. "As rVue continues
to grow we welcome Marc to the Board and look to leverage his media experience and global

Operational Highlights

* The company opened a Chicago sales office with account managers and sales personnel focused on
brand direct sales as well as support to agency partners.
* Signed and executing purchased order with a global technology company
* Signed and executing media campaigns for an international language company
* Signed and executing media campaigns for a leading global foodservice retailer
* Signed and executing media campaigns for a national wireless provider

"In the 4th quarter of 2012, we positioned the company for growth in 2013 by adding salespeople,
focusing on customer execution, solidifying our technology leadership, and expanding our position
in the Digital Out-of-Home market," said Mullarkey.

Corporate Activities

On September 10, 2012, the company's board of directors authorized and approved an equity raise of
up to $2 million in common equity at $.06 a share. The company received $1.2 million from its
largest shareholder, leading the round and providing the company the necessary liquidity to
position itself for growth in 2013. The company received additional proceeds of $600,000 from
other existing shareholders and closed the round. With the reduction in corporate overhead,
increase in media revenue, and additional capital, the company is well-positioned for growth in

Legal Settlements

On or about February 22, 2012, Brooke Capital Investments LLC commenced an action in the Circuit
Court of the 17th Judicial District in Broward County, Florida, alleging that rVue owed them for
services rendered in connection with an amended Investor Relations Consulting Agreement that was
entered into with Brooke. On April 10, 2012, the rVue answered the complaint and asserted various
defenses to the claims asserted therein. Additionally, rVue filed a Counterclaim for rescission of
the agreement.

On or about February 7, 2013, the parties agreed to dismiss the case with each party to bear its
own attorneys' fees.

About rVue

rVue Holdings, Inc. is an advertising technology company providing the digital distribution
platform for the Digital Outdoor Advertising industry. The company connects 740,000 digital
screens across 180 networks delivering access to 250 million daily impressions in one simple
platform. Backed by the industry's most intuitive and intelligent platform, rVue has the
technology, data and expertise to connect brands and targeted consumers where and when it matters
most. For more information, please visit http://www.rvue.com
http://www.globenewswire.com/newsroom/ctr?d=10022070&l=14&u=http%3A%2F%2Fwww.rvue.com .

Forward Looking Statements

This press release contains "forward-looking statements" within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. The statements contained in
this press release that are not purely historical are forward-looking statements. Forward-looking
statements give the Company's current expectations or forecasts of future events. Such statements
are subject to risks and uncertainties that are often difficult to predict and beyond the
Company's control, and could cause the Company's results to differ materially from those
described. The Company is providing this information as of the date of this press release and does
not undertake any obligation to update any forward looking statements contained in this press
release as a result of new information, future events or otherwise. We have based these
forward-looking statements largely on our current expectations and projections about future events
and financial trends affecting the financial condition of our business. Forward-looking statements
should not be read as a guarantee of future performance or results, and will not necessarily be
accurate indications of the times at, or by, which such performance or results will be achieved.
Important factors that could cause such differences include, but are not limited to, the Risk
Factors and other information set forth in the Company's Annual Report and Form 10-K filed on
March 30, 2012 and in our other filings with the Securities and Exchange Commission.

This article was originally distributed on PRWeb. For the original version including any
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CONTACT: rVue Holdings, Inc.
         Dean Peterson