Business
WhereverTV Filing for Blue Sky in 39 States
WhereverTV Filing for Blue Sky in 39 States.
About this update from Wherevertv Broadcasting Corp.
[{"type":"text","content":"\n\n FORT MYERS, Fla., May 08, 2017 (GLOBE NEWSWIRE) -- WhereverTV Broadcasting Corp. (OTC:TVTV), which delivers Over The Top (OTT) subscription television services to a variety of devices including smartphones, TabletPCs, streaming media players, computers and connected TVs announced today that it is filing for Blue Sky status in 39 states. 11 states do not utilize blue-sky regulations. The process began today and should be completed in the days ahead. The Company also completed its 2016 audit and, as a result, is listed as current on the OTC Markets Website. The Company is not required or under any obligation to provide audited financial results or seek Blue Sky registration. WhereverTV continues to position for growth, compliance and Over The Top industry dominance of licensed, bundled and a la carte TV channels around the world.\n Blue Sky laws are state laws that regulate the offering and sale of securities to protect the public from fraud. The specific provisions of Blue Sky laws vary from state to state. However, they all require the registration of all securities offerings and sales, as well as of stockbrokers and brokerage firms. Each state's Blue Sky law is administered by its appropriate regulatory agency, and most also provide private causes of action for private investors who have been injured by securities fraud. Hacker, Johnson & Smith PA recently finalized the audit of the Company’s 2016 year-end financials and WhereverTV has submitted the results to the OTC Markets website. The temporary stop sign place by OTC Markets has now been removed. Hacker, Johnson & Smith  was announced as the Company’s auditor in December 2015. “As a company, we have stated our many ambitious goals and repeatedly demonstrated our desire to be compliant,” said Edward D. Ciofani. “As we maneuver to make 2017 our breakout year, registering with all 39 states for Blue Sky status only furthers our goal of regulatory compliance and corporate success.” For a period of approximately 17 days, a warning symbol known as a stop sign that alerts investors that the information is non-current was placed on the WhereverTV information and quote pages. OTC Markets has removed the stop sign from its trading symbol upon receipt of the current audited financials. The company was well within the process of com...