Clikia(TM) Video Streaming Launches Kickstarter Campaign
MK Automotive Takes Clikia to Kickstarter to Avoid Shareholder Dilution, As Buttress to Recent Convertible Debt Restructure
(firmenpresse) - PHOENIX, AZ -- (Marketwired) -- 05/10/17 -- MK Automotive, Inc. (OTC PINK: MKAU), a subscription-based live video streaming (over-the-top or OTT) service and original content incubator, today announced that its Clikia video streaming service has launched a Kickstarter campaign:
The Clikia Kickstarter campaign is open through June 7, 2017.
"Not only do we believe Clikia to be an ideal Kickstarter campaign, we also believe Kickstarter will provide an important source of funding without causing further shareholder dilution," said MKAU CEO and Clikia founder, David Loflin. "Obtaining funds with zero dilution to our shareholders would be a significant follow-up to our recent convertible debt restructuring that removed approximately 4.7 billion shares from the market overhang," Mr. Loflin added. Mr. Loflin also indicated that the company is extremely hopeful that the success of the Clikia streaming platform in attracting users will translate to Kickstarter support.
Clikia is a content delivery company within the rapidly expanding "over-the-top" marketplace, an extremely attractive and active marketplace positioned at the very center of the inevitable, unstoppable merger of two dynamic universes: television and digital video.
Clikia''s entertainment streaming packages are flexible enough to satisfy younger consumer groups, as well as the traditional consumer groups who have become comfortable in securing a wide-ranging buffet of programming options from a single provider.
"Over-the-top," or OTT, is the term used to describe the delivery of film and TV content via the Internet, without requiring users to subscribe to a traditional cable or satellite pay-TV service, like Comcast or Time Warner Cable.
This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company''s current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company''s business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission and OTC Markets, Inc. OTC Disclosure and News Service. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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Datum: 10.05.2017 - 06:00 Uhr
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