PHOENIX, Aug. 15, 2018 (GLOBE NEWSWIRE) — WhereverTV (OTCQB:TVTV), (the “Company”) announced CEO, Edward D. Ciofani’s return interview with Everett Jolly, host of Uptick Newswire’s “Stock Day” Podcast.
Everett Jolly invited a company to return to the “Stock Day” podcast. “Unless you’ve been living under a rock, we’re going to talk about maybe one of the biggest infringements in the country. We’re talking about they’ve got an infringement against Comcast. The Company that we’re talking about today is WhereverTV Broadcasting Corp. and they were on our show back in April.”
With us today is the CEO, Edward Ciofani. “Ed, welcome to the show!”
Ciofani, “Everett, thanks for having me again! It’s always a pleasure!”
Jolly, “I read your press release and I was floored! You’re going to have to bring me up-to-date with what’s going on with this Comcast patent infringement filing. What’s going on?”
Ciofani was approached in early 2015 to take over the Company, but he didn’t know anything about patent infringement. So, he wanted to do some research before moving forward and hired a top law firm for that purpose. Their final report indicated that they felt the patent was defendable. He said basically, “The bigger the Goliath, the tougher the fight’s going to be and the more credible representation they’ll bring. Meaning if we are successful in defending our patent rights against a great company like Comcast, then other major companies we feel are infringing will take that into consideration when we ultimately enforce our patent rights with them.”
Ciofani said he was also intrigued by the OTC market platform and what the Company brought to it and what it was doing to the industry. It’s not very often that you have the opportunity to be part of a new and up-and-coming industry that has the explosive growth potential.
His first steps were to get the Company organized with a Board of Directors and then to redevelop the platform. It has also taken some time to get everything in place for the website concerning software compatibility issues with the front- and back-ends. After all that, everyone agreed it was time to defend the Company’s biggest asset, which was the patent.
Ciofani surmised that if they spend money to defend this patent against Comcast and their patent rights are validated, then other similar companies will recognize the value and merits of this patent case. This means that the Company will have a limit on the amount of money needed to spend on potential similar future legal issues.
There are several parts to this patent and they feel very confident in the research they have completed in this area.
Jolly continued, “Let’s change gears here and talk about the nuts and bolts of the Company. You’ve got the music division. Where are we on that prospect?”
Ciofani believes this is one of the most exciting divisions of the Company. They have a studio located in Nashville, Tennessee and they’ve hired a top team to do the branding and content creation. They’ve signed several award-winning, multi #1 hit producing artists to date and are in conversations with other award-winning, multi-platinum country music recording artists. The biggest challenge for artists that aren’t in or on the mainstream radio playlist is lack of relevancy which leads to a major problem in that some of these artists don’t have the distribution outlets. What WhereverTV hopes to do is “give artists a whole new platform and distribution point whereby it’s not just audio. It’s audio and video and getting up close and personal with these artists in our studios. . .All these artists have a fan base, what we call a super fan base.” Those are the fans WhereverTV is going after, not just in the United States but worldwide. These artists will be producing content from in studio talk and music shows to recording studio content and outside personal interest content. Collin Raye has already aired his first show titled “That’s My Story.”
“What’s going on down in Latin America?” Jolly asked.
The Company has been growing that organically and in January 2018, they got approximately 27,000 people signed on for trial subscriptions. Ciofani said they’re at about a 7% conversion right now. They just got authorization to add some new channels to their platform. So, Latin America is starting to see the value of what WhereverTV is adding to live-streaming and the Company is really excited about where that’s going. They’re also starting some new Google and other digital social media display advertising that is going very well. Their recent click-through rates were almost 20% and conversion rates into action were almost 12%. These are almost unheard of numbers in the industry.
Jolly concluded by telling listeners to check out WhereverTV and invited CEO Ciofani to come back before the end of the year for another update.
For more information about the Company’s financial details, listen to the full interview at the link below:
Founded in 2006, 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. Many of our channels are the same as those broadcast by traditional cable and satellite platforms, with the only difference being that WhereverTV’s channels are broadcast securely over the internet, and channel management is handled by the company’s patented Interactive Program Guide (IPG) technology.
WhereverTV delivery platform is based on the over-the-top (OTT) service. The Company’s platform broadcasts linear television programming across the public internet to connected televisions, Blu-ray players, set top boxes, tablet PCs, laptops, and smartphones. The WhereverTV platform manages broadcast rights across geographies and provides individual customer viewing experiences based on customer locations (geo-targeting) and content-rights management (subscriptions).
Safe Harbor Act and Forward-Looking Statements:
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Additional information concerning these and other risk factors are contained in the Company’s most recent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
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