Business
Progress Watch to Apply to FINRA for Market Announcement of Name Change and New Trading Symbol
Progress Watch to Apply to FINRA for Market Announcement of Name Change and New Trading Symbol.
About this update from Sixty Six Oilfield Services, Inc.
[{"type":"text","content":"\n \n \n Progress Watch to Apply to FINRA for Market Announcement of Name Change and New Trading Symbol\n \n \nProgress Watch to Apply to FINRA for Market Announcement of Name Change and New Trading Symbol\n \n TAMPA, FLORIDA--(Marketwired - Oct 3, 2014) - Mobile Broadcasting Holding, Inc. (PINKSHEETS:PROW), formerly named Progress Watch Corporation, plans to apply to FINRA for a market announcement of its name change from Progress Watch Corporation, which was legally effective in the State of Nevada on May 27, 2014. Concurrently, the Company will request a change in its trading symbol to reflect its legal name. The Company plans to submit applications to FINRA within a week.\n A press release regarding the legal name change was previously issued. Due to market recognition of the \"Progress Watch\" name and the \"PROW\" trading symbol and the plan to spin off Mobile Broadcasting Corp. as a separate public company, the Company did not apply at that time for a market announcement of the name change or for a new trading symbol.\n Jackson L. Morris, the Company's sole director and chief executive officer, said: \"Now that we have a letter of intent to bring Mobile Broadcasting Corp. back under our control as our operating, wholly owned subsidiary, it seems appropriate for the market to recognize the Company by its legal name, which also reflects the business it originally intended to engage in when the legal name was changed and once again plans to be engaged in.\"\n The Company originally incorporated Mobile Broadcasting Corp. as a subsidiary to pursue the Company's planned business in development and deployment of a communications platform designed to broadcast and view live video streams of interactive original programming directly between smartphones and other mobile devices which currently communicate on 4G LTE and Wi-Fi networks, as well as for viewing our prerecorded live streams and video on demand programming (VOD). Certain of the features of the communications platform have recently received U.S. Patent protection. The subsidiary recently licensed technology from Briken, LLC which then transferred control of the subsidiary to Briken, LLC. The Company has announced that it will reacquire control of the subsidiary.\n SAFE HARBOR AND INFORMATIONAL STATEMENT\n This press release may contain forward-looking information within t...