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Velti Announces Intention to Commence Proposed Secondary Offering of 9,828,505 Ordinary Shares

/ Source: GlobeNewswire

DUBLIN, Ireland and SAN FRANCISCO, June 7, 2011 (GLOBE NEWSWIRE) -- Velti plc (Nasdaq:VELT), a leading mobile marketing and advertising technology provider, today announced that, subject to market and other conditions, the Company is proposing to offer and sell up to 8,000,000 ordinary shares, and certain of its selling shareholders are proposing to offer and sell up to 1,828,505 ordinary shares, in connection with an underwritten secondary offering. The Company also proposes to grant the underwriters a 30-day over-allotment option to purchase up to an additional 1,474,275 ordinary shares.

Jefferies & Company, Inc. is acting as sole book-running lead manager of the offering. RBC Capital Markets Corporation and Needham & Company LLC are acting as lead managers and Canaccord Genuity Inc. and ThinkEquity LLC are acting as co-managers.

A registration statement on Form F-1 relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This offering is being made solely by means of a written prospectus forming part of the effective registration statement. Copies of the prospectus relating to the offering may be obtained from: Jefferies & Company, Inc., Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, telephone: (877) 547-6340, email: Prospectus_Department@Jefferies.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

This press release contains "forward-looking statements" such as those relating to the timing of the proposed offering, the number of ordinary shares that the Company and the selling shareholders may offer in the proposed offering and the number of ordinary shares that may be subject to the over-allotment option. These forward-looking statements are subject to a variety of factors, including market conditions and other risks typically associated with securities offerings. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under applicable securities laws, the Company does not undertake to update these forward looking statements.

About Velti

Velti is a leading global provider of mobile marketing and advertising technology and solutions that enable brands, advertising agencies, mobile operators and media to implement highly targeted, interactive and measurable campaigns by communicating with and engaging consumers via their mobile devices. Velti is a publicly-held corporation based in Jersey, and trades on the NASDAQ Global Select Market under the symbol VELT. For more information, visit .

The Velti logo is available at

CONTACT: Velti plc Dakota Sullivan dsullivan@velti.com +1 (415) 315 3436 Jefferies & Company, Inc. Attention: Equity Syndicate Prospectus Department 520 Madison Avenue New York, NY 10022 +1 (877) 547-6340 Prospectus_Department@Jefferies.com