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MOBILE BROADCASTING HOLDING, INC. ANNOUNCES APPROVAL TO REDUCE AUTHORIZED SHARES
MOBILE BROADCASTING HOLDING, INC. ANNOUNCES APPROVAL TO REDUCE AUTHORIZED SHARES.
About this update from Sixty Six Oilfield Services, Inc.
[{"type":"text","content":"PISCATAWAY, NJ, January 26, 2015 - Mobile Broadcasting Holding, Inc. (OTCPink: MBHC) announces that its sole director, Kenneth D. Bland, has approved a reduction in the number of authorized shares of common stock to 250,000,000 shares from 600,000,000 shares. The Company plans to submit a Certificate of Amendment today to the Nevada Secretary of State.\nMr. Bland, who is also the Company’s chief executive officer stated: “We do listen to our stockholders, who have not been pleased by the recent increase in our authorized shares. We believe that the reduction in the number of authorized shares will still allow us a margin for future issue sufficient to raise the capital we need to launch our live video streaming technology technology.”\nSupported by a 4G LTE and Wi-Fi telecommunications platform, the Company’s live-streaming video app is being designed to allow anyone to broadcast to friends, family, and other followers. The app will also provide video-on-demand (VOD) features. The Company intends to announce in the near future a call for candidates interested in becoming beta testers of the Company’s app.\nSAFE HARBOR AND INFORMATIONAL STATEMENT\nThis 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 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 are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the Company's reports filed with the SEC. The Company is not eligible to rely on the safe harbor provided by Section 21E(c) of the Exchange...