Sichenzia Ross Friedman Ference LLP Advises Single Touch on a $11.0 M Debt and Equity Financing Consisting of a $10.0 M Secured Financing and a $1.0 M PIPE with Fortress Investment Group

sito - single touch interactive

New York, NY – Oct 8, 2014 – GLOBAL NEWSWIRE – New York based securities law firm, Sichenzia Ross Friedman Ference LLP announced that it has represented Single Touch Interactive, Inc. (OTC BB: SITO), a mobile media solutions provider, in a $11 million debt and equity financing where Single Touch secured a PIPE investment equaling $1 million in equity and $10 million in secured debt.

As part of the investment, Single Touch will issue 2,619,539 shares of its common stock valued at $0.3817 per share. The Sichenzia RossFriedman Ference LLP  team was led by Partner Gregory Sichenzia, Marcelle Balcombe and Counsel Peter DiCharia.

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Sichenzia Ross Ference LLP

Sichenzia Ross Ference LLP is a full service law firm with a nationally recognized corporate, securities and litigation practice that provides experienced representation in all matters involving the securities industry.  In addition to handling routine to complex commercial matters, SRF’s renowned litigation department specializes in defending companies and individuals against all types of securities cases, including class action lawsuits, shareholder derivative actions, and matters involving allegations of fraud, misrepresentation or other securities violations.  The litigation team has also brought defamation lawsuits against companies and individuals related to market manipulation.  Additionally, it represents individuals and companies in investigations by the Securities and Exchange Commission (SEC) and other regulatory bodies.  The litigation team has a robust practice representing brokers and broker-dealers in arbitrations before the Financial Industry Regulatory Authority (FINRA).  These arbitrations typically involve claims of unsuitability, churning, unauthorized trading and other allegations of broker misconduct.  Finally, SRF has a burgeoning expungement practice, where it represents brokers seeking to have negative and harmful customer complaints removed from their industry records.  The firm complements its core practice areas with an established commercial real estate and trusts and estates practice.

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