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Online Private Placement Memorandum (PPM) Delivery initiated by V-Rooms  » read source
V-Rooms, a division of Due Diligence Online, LLC, is an Internet-based, on-demand hosted service designed to speed the completion of financial transactions which may involve hundreds of participants and require the distribution of thousands of pages of documents. The virtual data rooms enable clients, on a 24X7 worldwide basis, to accelerate complex, information-intensive business transactions and processes, while reducing time and expenses associated with data distribution, courier, printing and travel. The company has announced today the formal launch of its online Private Placement Memorandum (PPM) delivery program . This program can help investment bankers, broker dealers, venture capital firms, angel investors and financial advisors with the private equity capital raising challenge for their clients. 

Dan Bradbary, CEO of Due Diligence Online, LLC, parent company of V-RoomsTM said “For years we have been providing this service to a number of our clients. However, since in today’s financial environment, ‘raising business capital’ has become top priority, we are formally launching this delivery solution. Priced at only $995 for a 6 month period, our program provides a tremendous administrative cost savings over printing, numbering and shipping.” 

There is no longer a necessity to print hundreds of copies of the PPM, individually number each copy and then ship the PPM via overnight courier, thanks to the V-Rooms Virtual Data Rooms’ application. PPM can be sent instantly, now, by online delivery. The virtual data room also passes as a central location to economically and securely host extra background information about the company, as well as the detailed due diligence documents that are often requested by institutional investors.

One of the clients recently declared “The V-Rooms™ Virtual Data Room system is GREAT!!! It handles all compliance issues, reduces man-hours and it is actually a cost savings vs. print and Fed-Ex. I am very happy someone finally put this system in place for our industry.” As an extension of their organization, even embedding the login within their existing website, investment bankers, broker dealers and financial advisors will have the ability to brand the look of the virtual data room. 

About the new service here

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