IRVINE, CA — (Marketwired) — 11/27/13 — Ubiquity Broadcasting Corp. (OTCQB: UBIQ), a technology-focused media company (“Ubiquity” or the “Company”), today announced unaudited financial results for the third quarter ended September 30, 2013.
CEO Chris Carmichael said that “Ubiquity is focused in five specific areas with a robust portfolio of patents and intellectual property. First, we have developed an intuitive user interface making access to all content from any device in a simple, consistent format. Second, we have developed technologies to enable the search and identification of any object and image in all video and digital media. Third, we have 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, we have developed technology that allows for the personalization of all content, whether public or private, in a unique accessible way.”
As of September 30, 2013, the Company had $878,541 cash on hand.
Assets have increased to $16,069,092 from $10,043,624
Q3 net revenues were $19,800 as compared to $103,865 for the same period last year. Total operating expenses for the quarter were $2,367,870 compared to $1,242,247. Net loss was $2,348,070, or $0.04 per diluted share, compared to a net loss of $1,138,367 for the same period last year.
For the nine month period ended September 30, 2013, revenues were $58,787 compared to $219,696. Total operating expenses were $6,291,045 compared to $3,879,618. Net loss was $6,202,258, or $0.10 per diluted share compared to a net loss of $3,645,444, or $0.08 per diluted share for the same period last year.
Completed asset acquisition of Think Design Media, Inc., which includes IPTV, The Social Mashup,CoolNExion and Cambers Zone,
Completed asset acquisition of Biznexion, Inc., which includes ZoneBox application and technology,
Completed asset acquisition of ThinkMobile, Inc., dba GiftSender,
Completed acquisition of Digital Magazine assets from Acosta Investments LLC
Announced Board approval of 4:1 forward split, and
Ubiquity Studios selected as production site for Artist Life, and executive producer for Showtime Drama Series from Ron Shelton, Coach Phil Jackson, and LA Lakers Executive Jeanie Buss
As of the date of this report, our activities have been primarily limited to development of our intellectual property, acquisition and capital raising activities. We have yet to engage in any meaningful business activities and are an early development stage company.
“Our mission is to execute on a focused innovation strategy — investing in technologies where we can lead, and partnering for the rest,” added Carmichael. Key areas of focus and application to Ubiquity-s IP include object & logo detection and video compression, web navigation, immersive advertising, navigation, lifestyle portal, smart card, mobile transaction gateway, inventory management, super compression, virtual recording and transaction engine. “We believe that our existing and patent-pending IP will drive top-line and bottom-line growth in both established and emerging markets.”
Amongst the Company-s core families of patents are:
Object & logo detection. Ubiquity-s patented and patent pending compression technology enables our software to intelligently discern objects of interest; clean the edges, distinguish vehicles, distinguishing marks and other objects; and continuously track positions for all moving and stationary targets within the video scene all with a high level of accuracy
Web navigation. Since Netscape, users of the Internet have had a limited framework to navigate web content and organize information. Ubiquity has developed a game-changing patented framework, being commercialized as Sprocket, which enables users to more effectively aggregate content over disparate mediums in a more easy-to-use, centralized way.
Immersive Advertising. The next evolution in digital advertising must be driven by innovative platforms that more effectively help marketers move their businesses forward. Technology will only be able to deliver on its promise of moving TV dollars online if it creates greater process efficiencies, drives more commerce, and enables deeper engagement with consumers. Ubiquity-s patented immersive advertising technologies provide for highly stylized and customized online advertising embedded in web content.
Online Content Navigation. One of the most important patents at Ubiquity is Sprocket, an easy-to-use navigation tool designed to simplify the management of consumer-s digital lifestyle.
Lifestyle Portal. Consumers are increasingly demanding content that is relevant to their interests and to their lifestyle, organized in a simple, easy to access online format. Ubiquity-s patented lifestyle portal is integrated into its Sprocket product.
Smart Card. Ubiquity-s patented smart card technology enables smart cards to improve the convenience and security of any transaction.
Mobile Transaction Gateway. Mobile commerce in the U.S. is now mainstream commerce. Ubiquity-s patented mobile transaction gateway technology enables carriers and content providers to more seamlessly provide fee-based downloads to end-consumers.
Inventory Management & Fulfillment. eCommerce transactions continue to grow and it is impacting how companies go to market, and the supply chains that support them. Fulfillment has never been a more critical function. Ubiquity-s inventory management & fulfillment patented technology provides retailers with a more seamless, consistent and cost-effective way to do business.
Super Compression. Ubiquity-s patented next generation compression format provides crisp and highly efficient video transmission and mobile editing, which all for on-the-go video editing and production.
Ubiquity has several formal IP licensing efforts underway which include:
WEAV, leveraging Ubiquity-s proprietary compression technology, and video intelligence platform provides license plate detection for active alert intelligence that is analyzed and validated. This artificial intelligence security analysis software is deployable in a variety of law enforcement, government agencies and business applications.
“Having seen and reviewed Ubiquity-s analytics and technology, their unique approach and versatility in product offering sets a new bar for video analytics while propelling them well ahead of the curve in a very competitive and fast growing industry,” said Gregory Lynch, J.D., Senior Director Global Sales, Security Solutions for Cisco Systems, Inc.
IPTV – provides Web video publishers and broadcasters with an alternative way to create and deploy video applications that transform standard online videos into interactive, multi-dimensional, personalized user experiences. By adding advertising and other layered content to Web videos, the platform and technology creates new revenue streams for content providers, increasing their ROI and their user base. IPTV also allows the publisher to retain control of their content rather than giving it to a third party that takes a disproportionate amount of the revenue, and gains access to their proprietary viewer data.IPTV-s social media APIs make it easy for viewers to login and share video from the platform. It has a robust analytics dashboard that gives publishers access to detailed information about the viewing patterns of any video that they upload. IPTV also allows for elements tagged within the video to link to an eCommerce backend that makes programming shoppable.
Sprocket – an easy-to-use navigation tool designed to simplify the management of consumer-s digital lifestyle.
Digital Magazine – application designed to give users an unparalleled interactive magazine viewing experience using videos and interactive advertising relating to products and content.
Social Mashup – a series of application programming interfaces (APIs) that enable businesses to manage their social media presence.
Co-Chairman Nicholas Mitsakos, added that “What Ubiquity represents is the next transitional phase in acquiring, using and sharing information. We have seen the transition from a search-based web to an app-based interaction. Ubiquity provides the next phase – a consistent user interface for access to any content from any device in an intuitive, engaging and centralized manner.”
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 the Company-s plan of operations. 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, California, Ubiquity Broadcasting Corporation is a technology focused media technologies company that owns a portfolio of intellectual property relating to Internet, Social Media and Cloud-Based applications, where it also owns and operates an in-house, state-of-the-art production facility.
For more information go to .
Todd M. Pitcher
ECCO Advisors, LLC.
P: 760-203-4922
You must be logged in to post a comment Login