Business
WhereverTV Insiders Convert Debt and Fulfill Line of Credit Obligations
WhereverTV Insiders Convert Debt and Fulfill Line of Credit Obligations.
About this update from Wherevertv Broadcasting Corp.
[{"type":"text","content":"\n\n FORT MYERS, Fla., Jan. 05, 2018 (GLOBE NEWSWIRE) -- WhereverTV Broadcasting Corp. (OTCQB:TVTV), which delivers Over The Top (OTT), prepaid, no-contract, subscription television services to a variety of devices including smartphones, TabletPCs, streaming media players, computers and connected TVs announced today that it’s CEO Edward D. Ciofani and its CFO Rene Morisette have converted their outstanding debt with WhereverTV to equity. The CEO & CFO have converted all their accrued debt through December 31, 2017 to equity. This will strengthen the balance sheet and its financial position moving forward. Additionally, in December 2017, Board of Director members Milo Seidl and Gary McGuirk Sr. fulfilled their Lines of Credit by investing $350,000.00 in equity financing.\n “I believe in what we have accomplished as an organization and our entire team. With the re-launch of WhereverTV Worldwide and the launching of WhereverTV Latino, coupled with the announcement of a marketing alliance with Google Chromecast I couldn’t be anymore confident in the companies’ future. The directors of our Company, by fulfilling their LOC, demonstrates their confidence in our efforts as well. We have been positioning the Company for the future and I believe this is just the beginning. We have now achieved significant administrative, technical and infrastructural milestones for 2017 and I believe we are in position to aggressively market our subscription services and channel offerings in 2018. We plan to launch an aggressive customer acquisition effort in the immediate future. We will be announcing marketing plans and partners before the end of January,” said Edward D. Ciofani, CEO. For more information please click: Internet TV, Over the Top or WhereverTV. Contact:Ph: (239) 319-2692Email: [email protected] About WhereverTV Broadcasting Corporation (Symbol: TVTV) Founded in 2007, WhereverTV is the next generation subscription television service providing consumers with live-streaming, genre-specific, and in-language viewing choices from around the world, delivered to anywhere in the world, and through any internet enabled device. WhereverTV provides an economically beneficial and completely versatile alternative to traditional cable and satellite services, with the added benefits of personalization and portability....