PISCATAWAY, NEW JERSEY — (Marketwired) — 12/12/14 — Mobile Broadcasting Holding, Inc. (OTC PINK: MBHC) provided some holiday cheer for its public stockholders as it finally resolved the weeklong market difficulties that disabled its public market from trading its common stock. The complications, stemming from an effective market name ticker symbol and CUSIP number change in the trading market and a delay in recognition of the changes in settlement of trades were resolved on December 10, 2014.
“We appreciate the patience our investors have demonstrated, especially at this busy time of year, as we worked through the trading hitches,” stated Kenneth D. Bland, the Company–s Chief Executive Officer. “Securing an effective name and symbol change which better aligns us with our mobile live-streaming technology was a vital year-end goal that we had to accomplish. As we move towards product launch, I believe these changes will boost both investor confidence and appreciation in our share price.”
The Mobile Broadcasting Holding Corp expects to launch its mobile broadcasting user application and communications platform in the first quarter of 2015.
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 historical fact, regarding the intent, belief and expectations of the Company and its management with respect to, 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.
Contacts:
Mobile Broadcasting Corp.
Kenneth D. Bland
Chief Executive Officer
Only information that is publicly available will be provided
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