RainEarth, Inc. (OTCPK: RNER) (the “Company”
or “RainEarth”) announced today that, pursuant to the acquisition CableClix,
Inc., a Nevada Corporation, which was announced on May 15, 2015, the Company’s
Board of Directors and majority shareholders have effectuated a name and symbol
change. On June 15, 2015, FINRA approved the Company’s name change from “RainEarth,
Inc.” to “CableClix (USA), Inc.” and the Company’s ticker symbol change from
“RNER” to “CCLX”. These corporate actions will take effect on the open of
business on June 16, 2015. A copy of the amended Articles of Incorporation
reflecting the name change was filed with OTC Markets on June 15, 2015.
ABOUT CABLECLIX, INC. dba CABLECLIX.COM
CableClix, Inc. was formed in 2013 to be
a leading provider of high definition streaming television over broadband
connections. Our goals remain as they were at our inception; deliver
quality television programming in high and ultrahigh definition, including
local network content, directly to the local consumer, on nearly any device, at
any time. CableClix is different from others that have attempted to
deliver similar services in the past – because we create partnerships with the
national networks, local affiliates, and local ISP’s. Commonly referred
to as television rebroadcasting, the concept is often one-sided in nature and
ultimately the end consumer is left to pay significant monthly subscription
fees for a plethora of channels that go mostly unwatched. Concurrently,
local broadcast affiliates feel the ever increasing pressure of internet-based
streaming services often broadcasting the same content and diminishing the relevance
of traditional TV viewing. CableClix founders believed there was an
opportunity to bridge the gap between the network and affiliate interests, and
at the same time, give the consumers what they are clearly asking for: the
convenience of watching their favorite shows any time, unaltered, and without a
barrage of irrelevant marketing and advertisement.
Another important aspect of CableClix
approach to streaming television is our appreciation for the local ISP’s,
especially the Wireless ISP’s (WISPs). All ISP’s have experienced the
pressure of needing to increase upstream bandwidth to support the growing
popularity of streaming video. The cost of these increases in bandwidth
are either passed on to the end customer, or in competitive markets, taken directly
from the bottom line. WISPs in particular tend to serve customers in
rural areas, and while are still part of a given metropolitan broad cast area,
are unable to receive local broadcasts without a satellite connection due to
line of sight or distance from transmitters. In nearly all of those
cases, cable is not an option for those customers due to the unavailability of
the required infrastructure. CableClix founder and owner/operator of a
WISP understood this problem firsthand, which triggered the desire to solve
this growing TV viewing conundrum:
“How can we deliver high definition,
local and premium television to the public, especially rural customers while
simultaneously relieving bandwidth strain on ISPs, in a manner that protects
and enforces the local broadcast area boundaries and respects the intellectual
property of the networks and production houses?”
CableClix is committed to the development
and continual enhancement of products and services that deliver the programming
that consumers want affordably and reliably. We achieve this using
best-of-breed technologies, innovative people, and a customer-centric
underpinning woven into everything we do. We respect the ownership,
talent, and effort that goes into developing the news, entertainment, and other
intellectual property that we stream, and always respect and enforce the
boundaries of metropolitan broadcast areas. We value our partnerships
with ISP’s and constantly seek out new ways to optimize their network resources
to ensure the best customer experience. We are excited to be a part of
the transformation of traditional viewing to the next generation of customized
streaming TV.
More information about CableClix (USA),
Inc. can be found at www.cableclix.com
Disclaimer/Safe Harbor: Statements about the Company's future expectations and all other
statements in this press release other than historical facts, are
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and
as that term is defined in the Private Securities
Litigation Reform Act of 1995. The Company intends that such
forward-looking statements be subject to the safe harbors created thereby. The
above information contains information relating to the Company that is based on
the beliefs of the Company and/or its management as well as assumptions made by
and information currently available to the Company or its management. When used
in this document, the words "anticipate," "estimate,"
"expect," "intend," "plans,"
"projects," and similar expressions, as they relate to the Company or
its management, are intended to identify forward-looking statements. Such
statements reflect the current view of the Company regarding future events and
are subject to certain risks, uncertainties and assumptions, including the
risks and uncertainties noted. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove to be
incorrect, actual results may vary materially from those described herein as
anticipated, believed, estimated, expected, intended or projected. In each
instance, forward-looking information should be considered in light of the
accompanying meaningful cautionary statements herein. Factors that could cause
results to differ include, but are not limited to, successful performance of
internal plans, the impact of competitive services and pricing and general
economic conditions.
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securities laws, such as Rules 10b-5 and 15c2-11 of the Securities Exchange Act
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compliance with these laws, OTC Markets Group has created these OTC Pink Basic
Disclosure Guidelines. We use the basic disclosure information provided by OTC
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OTC Pink marketplace: Current, Limited or No Information. OTC Markets Group may
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additional disclosures in order to qualify for OTC Pink Current Information
tier.