Business
CORRECTION FROM SOURCE: Mobile Broadcasting Corp. Issues Update for Stockholders of Progress Watch Corporation
CORRECTION FROM SOURCE: Mobile Broadcasting Corp. Issues Update for Stockholders of Progress Watch Corporation.
About this update from Sixty Six Oilfield Services, Inc.
[{"type":"text","content":"\n \n \n CORRECTION FROM SOURCE: Mobile Broadcasting Corp. Issues Update for Stockholders of Progress Watch Corporation\n \n \nCORRECTION FROM SOURCE: Mobile Broadcasting Corp. Issues Update for Stockholders of Progress Watch Corporation\n \n PISCATAWAY, NEW JERSEY--(Marketwired - Jul 3, 2014) - This press release corrects and replaces the version disseminated July 3, 2014 at 9:00 AM ET. The press release was intended to be issued on behalf of both Progress Watch Corporation and Mobile Broadcasting Corp. \n Mobile Broadcasting Corp. today announced a clarification of its relationship with Progress Watch Corporation (PINKSHEETS:PROW).\n Mobile Broadcasting has requested Progress Watch to declare a dividend in the Company's common stock that Progress Watch owns, one share of the Company's common stock for each share of Progress Watch outstanding at the date of the dividend, to be determined.\n The Company is proceeding with a registration on Form S-1 to cover the anticipated dividend, which cannot be distributed until the registration statement is effective, of which there is no assurance.\n The Company intends to pursue the original vision of Progress Watch, as expressed in its press release dated February 4, 2014, which is to provide \"users of smartphones and devices on 4G/LTE networks [with] new capabilities to stream and broadcast feature-rich audio and video content instantly, without jeopardizing subscribers' privacy, or overloading the mobile network\".\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 to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words \"may\", \"would\", \"will\", \"expect\", \"estimate\", \"anticipate\", \"believe\", \"intend\" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking stat...