Monday, June 25, 2007
On June 25, 2007, Palisade Concentrated Equity Partnership II, LP, a $140 million private equity fund managed by Palisade Capital Management, LLC, invested $2.5 million in Word World, LLC ("Word World") with the option to invest an additional $1.25 million through the next financing round. Word World has developed entertainment-based intellectual property targeted at pre-literate children and intends to introduce this concept in 26 half-hour, computer generated, animated television episodes that will begin airing daily on national PBS stations on September 3, 2007. Proceeds from the financing will enable Word World to complete the 26 initial episodes and to continue working towards the design and distribution of Word World licensed products, which will be sold at Target Stores and other retailers beginning in January 2008.
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