Business
Mobile Broadcasting Corp. Issues Update for Stockholders of Progress Watch Corporation
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 Mobile Broadcasting Corp. Issues Update for Stockholders of Progress Watch Corporation\n \n \nMobile Broadcasting Corp. Issues Update for Stockholders of Progress Watch Corporation\n \n PISCATAWAY, NEW JERSEY--(Marketwired - Jul 29, 2014) - Mobile Broadcasting Corp. today issued an update for stockholders of Progress Watch Corporation (PINKSHEETS:PROW) regarding the previously announced plans described below.\n Mobile Broadcasting is continuing the development of its technology, licensed from Briken, LLC, 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 Mobile Broadcasting is preparing to submit its financial statements at date of inception to its auditor, MSPC Certified Public Accountants and Advisors, P.C., with offices in Cranford, New Jersey, for preparation of an audit.\n Progress Watch is committed to declare a dividend in Mobile Broadcasting's common stock that Progress Watch owns, one share of the Mobile Broadcasting's common stock for each share of Progress Watch outstanding at the date of the dividend, to be determined.\n Mobile Broadcasting is preparing a registration on Form S-1 to cover the anticipated stock dividend by Progress Watch, which cannot be distributed until the registration statement is effective, of which there is no assurance.\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 statements ...