NEW YORK, NY – OCTOBER 18, 2013 – Academy Securities, a veteran owned broker-dealer, is pleased to announce the successful closing of the $10,000,000 Series A stock financing on behalf of Defense Mobile Corporation (“Defense Mobile”). Defense Mobile is a New York-based, nationwide 4G LTE wireless telecommunications company that exclusively serves active and retired members of the United States military and their families.
Proceeds of the Series A shares will be used to fund the next phase of growth of Defense Mobile. The new capital will be allocated towards execution of key contracts with major telecommunications partners, hardware and software development, advertising and marketing, build out of customer service operations, and handset/device costs.
ABOUT DEFENSE MOBILE:
Defense Mobile Corporation provides 4G LTE based mobile operator/wireless services. It offers mobile banking, payments, a rewards platform that enables military customers to get discounts and cash back on everyday purchases, fixed monthly rate plans, and phones/devices. It serves active-duty officers and enlisted personnel of the U.S. military, including those serving or honorably discharged from the selected reserve and federally recognized National Guard components of the U.S. Army, Air Force, Navy, Marine Corps, and Coast Guard, cadets/midshipmen at the U.S. service academies and families of the active duty U.S military and veterans. The company was founded in 2013 and is based in New York, New York. Information about Defense Mobile is available at:
ABOUT ACADEMY SECURITIES:
Academy Securities, Inc. is an institutional broker-dealer that brings together U.S. military veterans and seasoned industry experts to provide financial solutions to investment managers, public, corporate, and multi-employer pensions as well as municipalities, government agencies and corporate entities. In September 2012 Academy entered into the U.S Treasury Mentor Protégé Program with J.P Morgan Chase & Co. The firm has offices in New York, Chicago, and San Diego and is a FINRA-registered Broker-Dealer, California-certified Disabled Veteran Business Enterprise (DVBE), Service Disabled Veteran Owned Small Business (SDVOSB), Certified Minority Business Enterprise (MBE) and SIPC member. Information about Academy Securities is available at:
Head of Investment Banking