Business
Mobile Broadcasting Announces Management Changes, Engagement of Auditor and Ownership Information
Mobile Broadcasting Announces Management Changes, Engagement of Auditor and Ownership Information.
About this update from Sixty Six Oilfield Services, Inc.
[{"type":"text","content":"\n \n \n Mobile Broadcasting Announces Management Changes, Engagement of Auditor and Ownership Information\n \n \nMobile Broadcasting Announces Management Changes, Engagement of Auditor and Ownership Information\n \n PISCATAWAY, NEW JERSEY--(Marketwired - Jul 2, 2014) - Mobile Broadcasting Corp., formed as a subsidiary Progress Watch Corporation (PINKSHEETS:PROW) to pursue mobile broadband streaming of video content over 4G LTE networks, announced today that it has elected Kenneth D. Bland as a director and Chief Executive Officer. Mr. Bland replaces Jackson L. Morris in both positions. Mr. Bland is also the sole member of Briken, LLC, the Company's licensor of key technology.\n Mr. Bland stated: \"As the inventor of and patent applicant for the technology licensed by the Company from Briken, LLC, I view this as an exceptional opportunity to guide the development and commercialization of a technology that, I believe, will receive broad market acceptance. We are working on implementation of the technology to meet a roll-out time line before year-end.\"\n Jackson L. Morris, former Chief Executive Officer of the Company, said, \"I have known Mr. Bland for several years and believe he has the qualifications and experience to guide the Company in a capture of significant market share in mobile broadband streaming of video content.\"\n The Company has engaged MSPC Certified Public Accountants and Advisors, P.C. with offices in Cranford, New Jersey, as its independent auditor, in anticipation of filling a registration statement on Form S-1.\n As a result of the license agreement previously announced by Progress Watch between the Company and Briken, LLC, Briken, LLC now owns a 50 million common shares and 50 million preferred shares with 10 to 1 voting rights only of the Company and upon achievement of two benchmarks will earn 50 million shares for each achievement.\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 cond...