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Briken, LLC and Progress Watch Jointly Announce Signing of Stock Exchange Agreement
Briken, LLC and Progress Watch Jointly Announce Signing of Stock Exchange Agreement.
About this update from Sixty Six Oilfield Services, Inc.
[{"type":"text","content":"\n \n \n Briken, LLC and Progress Watch Jointly Announce Signing of Stock Exchange Agreement\n \n \nBriken, LLC and Progress Watch Jointly Announce Signing of Stock Exchange Agreement\n \n PISCATAWAY, NEW JERSEY--(Marketwired - Oct 22, 2014) - Briken, LLC and Mobile Broadcasting Holding, Inc. (OTC:PROW), formerly Progress Watch Corporation, jointly announced today that they have entered into a Stock Exchange Agreement. Under the Agreement, Mobile Broadcasting Holding will reacquire Mobile Broadcasting Corp. as a wholly owned subsidiary. At closing, which is subject to satisfaction of certain conditions, Kenneth D. Bland will become the controlling stockholder and management of Mobile Broadcasting Holding.\n Ken Bland, the owner of Briken and chief executive officer Mobile Broadcasting Corp., stated: \"I believe that putting the power of our technology with the benefit we expect to derive from public stock ownership are two keys to a successful launch of our technology. I anticipate we can close the acquisition in a few days, after we complete certain housekeeping matters.\"\n Jackson L. Morris, the chief executive officer to Mobile Broadcasting Holding, added: \"Completion of this stock exchange will restore our vision to Mobile Broadcasting Holding, which we originally announced as development and deployment of a mobile broadband communications platform that we were planning to support mobile broadband streaming of video content over 4G LTE networks, as we originally described it.\"\n The partially patented technology licensed by Mobile Broadcasting Corp. from Briken now includes a proprietary user application and communications platform, subject to completion of development, being built to broadcast and view live video streams of interactive original programming directly between smartphones and other mobile devices which currently communicate on 4G LTE and Wi-Fi networks, as well as for viewing our prerecorded live streams and video on demand programming (VOD). \n SAFE HARBOR AND INFORMATIONAL STATEMENT\n This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact, regarding the intent, belief and expectations of the Company and its management with respect t...