IRVINE, CA — (Marketwired) — 12/05/13 — Ubiquity Broadcasting Corporation (OTCQB: UBIQ) (the “Company”) today announced that the Financial Industry Regulatory Authority (FINRA) notified the Company that it has approved its planned 4:1 forward stock split with an effective date of December 6, 2013. Total shares outstanding will increase from 77,021,110 to 308,084,440 on a post-split basis.
The forward split will become effective with the Over-the-Counter Bulletin Board at the opening of trading on December 6, 2013 under the symbol “UBIQ.” The “D” will be placed on our ticker symbol for twenty (20) business days. After twenty (20) business days, our symbol will revert back to the original symbol.
Christopher Carmichael said, “This forward stock split rewards our shareholders and we believe it will make our shares of common stock more attractive to a wider array of investors, resulting in improved daily bid/ask spreads, and overall liquidity. We are committed to building shareholder value. Enhancing our capital structure to create greater potential of broadening our potential investor base is a timely step in that direction as we increase our efforts to articulate our value proposition to the Street and build awareness in our business. To that end, we will look forward to providing operational updates as we progress in unlocking value in our intellectual property portfolio through licensing initiatives and in key growth areas, the commercialization of exciting new products and applications that leverage our IP.”
For more information about the transactions contemplated herein, please see the Company-s latest 8-K filing with the Securities and Exchange Commission.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. This document includes “forward-looking statements” within the meaning of the securities laws. The words “may,” “could,” “should,” “estimate,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “target,” “plan,” “providing guidance” and similar expressions are intended to identify information that is not historical in nature.
This document contains forward-looking statements relating to the forward split of the Company-s stock and expectations about the implications. All statements, other than historical facts, including, but not limited to: the expected benefits of the transaction such as improved operations, growth potential, market profile, the competitive ability and position of Ubiquity Broadcasting Corporation (or the “Company”) and any assumptions underlying any of the foregoing, are forward-looking statements. Such statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. You should not place undue reliance on such statements. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, factors as detailed from time to time in the Company-s filings with the Securities and Exchange Commission (“SEC”), including Ubiquity Broadcasting Corporation-s Annual Reports on Form 10-K for the year ended December 31, 2012, and Quarterly Reports on Form 10-Q for the quarter ended September 30, 2013, and in other materials that have been filed by Ubiquity Broadcasting Corporation in connection with the asset purchase, which are available on the SEC-s web site ().
All forward-looking statements contained in this document and the documents referenced herein are made only as of the date of the document in which they are contained, Ubiquity Broadcasting Corporation undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.
Based in Irvine, CA, Ubiquity is a vertically integrated, technology-focused media company. Ubiquity is focused in five specific areas with a robust portfolio of patents and intellectual property. First, the Company has developed an intuitive user interface making access to all content from any device in a simple, consistent format. Second, Ubiquity enables the search and identification of any object and image in all video and digital media. Third, it has developed a platform for mobile transaction including the integration of payments, money transfers, coupons and gifts. Ubiquity has also developed an industry-leading, intuitive, immersive consumer experience for all web-based activity. Finally, the company allows for the personalization of all content, whether public or private, in a unique accessible way.
Through Ubiquity Labs we are leveraging an extensive portfolio of intellectual property spanning Web 3.0, immersive advertising, video compression, content distribution, eCommerce, and mobile applications to support the commercialization of new technologies. In addition, we intend to pursue strategic licensing opportunities. Through Ubiquity Studios, we provide we engage in the commercial production, distribution and exploitation of entertainment products including but not limited to television, commercials and film. For more information go to .
Todd M. Pitcher
ECCO Advisors, LLC.
P: 760-203-4922
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