Business
Adaptive Ad Systems Operating Update
Adaptive Ad Systems Operating Update.
About this update from Adaptive Ad Systems, Inc.
[{"type":"text","content":"VANCOUVER, WA / ACCESSWIRE / June 3, 2020 / Adaptive Ad Systems, Inc. (OTC PINK:AATV), today provides an update on the company's ongoing business development and the impact by COVID 19 on its operations. The Company provides Dynamic Digital Ad Insertion (DDAI) via its streaming media hardware and proprietary processing software for the U.S. cable TV and satellite markets.Soon after 2020 started a new decade, the world, and the United States, experienced an unprecedented upheaval and disruption in the operations and performance of almost all businesses. Now that the first five months of 2020 have passed, the Company is providing this update regarding the Company's developments during the last twelve months, the impact of the current pandemic on our business and the outlook for the year ahead.In addition to what has previously been reported in press releases and filings on the OTC Markets platform, this letter provides information about our persistence in product/technology development, our improving financial performance and the expected impact of the current market turbulence on our performance.Over the past five years, we have consistently improved the development of our technology and installed a significant number of new "head-end" systems equipped with our proprietary hardware and software for the operation of our network throughout the US. Our management team is focused on diligently implementing our business plan, which allows us to consistently increase our subscriber base.Moving forward, we plan to further improve market awareness by increasing information flow to our shareholders and the public regarding important developments within our company and our market niche. We hope that in doing so, the market price of our stock will adequately reflect the value of the Company's operations and its solid financial performance.ADAPTIVE TECHNOLOGY - A DISRUPTIVE APPROACHOur goal has always been to accelerate growth by developing proprietary hardware and software technology, continue expanding our existing network installations and acquire new subscribers as economically as possible. We provide content from major advertisers and distribute it over our own software-driven network, while providing complete turnkey administration for our clients. This model has proven to be more competitive in servicing the unde...