PISCATAWAY, NJ, May 14, 2015/GLOBE NEWSWIRE/ - Mobile Broadcasting Holding, Inc. (OTCPink: MBHC) announced that it had strategically delayed the launch of its Whirld mobile video live-streaming app in order to upgrade its communications platform. The platform upgrades will ultimately enable the Company to make quicker and more frequent app enhancements for improved user experience. The upgrades will take approximately 90 days.
“There are definitely great pressures to launch immediately,” stated the Company’s chief executive officer Kenneth D. Bland. “As many investors who follow this sector know, the video live streaming arena has seen several significant developments. So that we have long-term relevancy in this market, our management team was in consensus to improve the communications platform now. I believe the market will be satisfied and supportive of the 90-day delay as it better positions us for mass adoption of our technology.”
Supported by a 4G LTE and Wi-Fi telecommunications platform, the Company’s live-streaming video app is being designed to allow anyone to broadcast events, happenings, and activities using his or her mobile phone. The app will also provide video-on-demand (VOD) features.
SAFE HARBOR AND INFORMATIONAL STATEMENT
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 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 Act because it is not subject to filing periodic reports under Sections 13 or 15(d) of the Exchange Act.
For more information, contact:
Mobile Broadcasting Corp.
Kenneth D. Bland
Chief Executive Officer
Info@thewhirld.com
Only information that is publicly available will be provided.