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.
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 completing its annual audit.
For more information please click: Internet TV, Over the Top or WhereverTV.
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. Programming is identical to existing broadcast and distribution providers with the only differences being that the broadcast signals are accessed through the internet via an over the top (OTT) platform, and channel management is handled by company’s patented Interactive Program Guide (IPG) technology. WhereverTV provides an economically beneficial and completely versatile alternative to traditional cable and satellite services, with the added benefits of personalization and portability. Also known as Internet TV, WhereverTV delivers these same channels, shows and events to SmartTVs and digital media receivers including: GoogleTV, AppleTV, Roku, Amazon Fire TV, iPhone, iPad, iPod Touch, Droid Smartphone, and TabletPCs. The WhereverTV platform enables subscribers to access licensed and free-to-air content across these devices with the IPG across unlimited geographies, and wherever there is internet connectivity. The customer viewing experiences are based on customer location (geo-targeting) and content-rights management (subscriptions). Current in-language subscription offerings include Arabic TV, French TV, Italian TV, and Moroccan TV. Current genre specific subscriptions include NEWS channels, faith based channels and more. Apps are presently available for free in App Stores for iOS (Apple), Android and Amazon Fire TV devices. DVR functionality to record your shows and view later is presently in the works. Licensed US TV content subscriptions will be available in 2017. Please visit: www.wherever.tv, for more info.
This news release contains forward-looking statements, which may not be based on historical facts. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. Except as required by applicable securities laws, the Company disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments.