Mail Stop 4561
April 26, 2007
Brian Ross
Accelerize New Media, Inc.
6477 Highway 93 South
Suite 303
Whitefish, Montana 59937
Re: Accelerize New Media, Inc.
Amendment No. 2 to Registration Statement on Form SB-2
Filed April 18, 2006
File No. 333-139586
Dear Mr. Ross:
We have reviewed your filing and have the following
comments.
Where indicated, we think you should revise your document in
response
to these comments. If you disagree, we will consider your
explanation as to why our comment is inapplicable or a revision is
unnecessary. Please be as detailed as necessary in your
explanation.
In some of our comments, we may ask you to provide us with
information so we may better understand your disclosure. After
reviewing this information, we may raise additional comments.
Please understand that the purpose of our review process is
to
assist you in your compliance with the applicable disclosure
requirements and to enhance the overall disclosure in your filing.
We look forward to working with you in these respects. We welcome
any questions you may have about our comments or any other aspect
of
our review. Feel free to call us at the telephone numbers listed
at
the end of this letter.
General
1. Please continue to monitor the updating requirements of Item
310(g) of Regulation S-B.
Accelerize New Media, Inc.
Note 4: Stockholders` Equity
Warrants, page F-18
2. Your previous amendment included disclosures regarding how you
determined and recorded the fair value of your warrants issued in
connection with your preferred stock in your financial statements.
Please revise your disclosures to include this information.
Debt Reduction Group, LLC
Note 2 - Summary of Significant Accounting Policies
Revenue Recognition
3. Reference is made to your disclosure where you state, "This
payment is subject to a partial refund by the Company to the debt
settlement agency if the debt settlement agency does not receive
all
scheduled monthly payments for the duration of the contract during
the first 15 months of such contract or if the debt settlement
agency
issues a refund to the customer." The implied cancellation
privilege
in your financial statement disclosure is 15 months which is
different from your response to us, which indicates that the
cancellation privilege is throughout the duration of the
contractual
term. Please advise us or revise your disclosure to clarify.
* * *
As appropriate, please amend your registration statement in
response to these comments. You may wish to provide us with
marked
copies of the amendment to expedite our review. Please furnish a
cover letter with your amendment that keys your responses to our
comments and provides any requested information. Detailed cover
letters greatly facilitate our review. Please understand that we
may
have additional comments after reviewing your amendment and
responses
to our comments.
We urge all persons who are responsible for the accuracy and
adequacy of the disclosure in the filing to be certain that the
filing includes all information required under the Securities Act
of
1933 and that they have provided all information investors require
for an informed investment decision. Since the company and its
management are in possession of all facts relating to a company`s
disclosure, they are responsible for the accuracy and adequacy of
the
disclosures they have made.
We will consider a written request for acceleration of the
effective date of the registration statement as confirmation of
the
fact that those requesting acceleration are aware of their
respective
responsibilities under the Securities Act of 1933 and the
Securities
Exchange Act of 1934 as they relate to the proposed public
offering
of the securities specified in the above registration statement.
We
will act on the request and, pursuant to delegated authority,
grant
acceleration of the effective date.
We direct your attention to Rules 460 and 461 regarding
requesting acceleration of a registration statement. Please allow
adequate time after the filing of any amendment for further review
before submitting a request for acceleration. Please provide this
request at least two business days in advance of the requested
effective date.
You may contact Wilson Lee at 202-551-3468 or Cicely
LaMothe,
Accounting Branch Chief, at 202-551-3413 if you have questions
regarding comments on the financial statements and related
matters.
Please contact Michael McTiernan at 202-551-3852 or me at 202-551-
3780 with any other questions.
Sincerely,
Karen J. Garnett
Assistant Director
cc: J. Truman Bidwell, Esq. (via facsimile)
Sullivan & Worcester, LLP
Brian Ross
Accelerize New Media, Inc.
April 26, 2007
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