Business
Mobile Broadcasting Corp. Announces Agreement for Design and Development of Planned Communications Platform
Mobile Broadcasting Corp. Announces Agreement for Design and Development of Planned Communications Platform.
About this update from Sixty Six Oilfield Services, Inc.
[{"type":"text","content":"\n \n \n Mobile Broadcasting Corp. Announces Agreement for Design and Development of Planned Communications Platform\n \n \nMobile Broadcasting Corp. Announces Agreement for Design and Development of Planned Communications Platform\n \n PISCATAWAY, NEW JERSEY--(Marketwired - Sep 11, 2014) - Mobile Broadcasting Corp., a company formed by Mobile Broadcasting Holding, Inc. (PINKSHEETS:PROW), formerly Progress Watch Corporation, announced today that it has reached agreement in principle for the design and development of its planned mobile communications platform to support mobile to mobile live streaming between 4G LTE mobile and wireless devices.\n Under the proposed agreement, which is under review by the Company's patent counsel, Priamba Soft of Iselin, New Jersey will provide design, development and programming services to the Company for the communications platform and related user applications based on design criteria in a statement of work which has been developed by the Company and Priamba Soft.\n Ken Bland, the Company's chief executive officer, stated, \"We believe Priamba Soft's involvement in development of our technology will enable us to launch our planned live -video streaming solution in less time than other arrangements we have considered for development.\"\n The Company's planned live-video streaming solution will enable its subscribers to broadcast live video from and receive it on mobile devices. The solution is planned to include a VOD component that will enable subscribers to view the recorded live stream at a later time.\n \n The Company is in process of preparing a registration statement which will enable Progress Watch to distribute a dividend in the Company's common stock to stockholders of Progress Watch on a record date to be established.\n \n SAFE HARBOR AND INFORMATIONAL STATEMENT\n \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; ...