SANTA CRUZ, CA — (Marketwired) — 10/05/17 — AmbiCom Holdings, Inc. (OTC: ABHI), the leading provider of cloud based Active Optimization services for Personal Computers and servers, today announced that it is moving forward with its lawsuits against PC Drivers of Austin, TX centering around contract disputes and unpaid fees.On the morning of Tuesday, October 3rd, 2017 lawyers for both sides met in Austin, TX with Judge Earl Leroy Yeakel III, of the U.S. District Court for the Western District
SANTA CRUZ, CA — (Marketwired) — 09/29/17 — AmbiCom Holdings, Inc. (OTC: ABHI), the leading provider of cloud based Active Optimization services for Personal Computers and servers, today announced that it has finalized the asset purchase agreement with Voosh, LLC, to join together and create a formidable technology driven company.Under the terms of the asset purchase agreement, AmbiCom Holdings, Inc. has purchased Voosh–s sales and distribution company, along with assets that include the ap
MILPITAS, CA — (Marketwired) — 10/08/15 — AmbiCom Holdings, Inc. (OTCQB: ABHI), the leading provider of cloud based Active Optimization services for Personal Computers and servers has retired a convertible debt vehicle ahead of schedule.On October 7th, Ambicom retired a note from KBM Worldwide/Vis Vires Group, by paying all principal and accumulated interest. The note amount was $90,000."By paying off this note we were able to remove the dilutive effect of the conversion to shares,"
MILPITAS, CA — (Marketwired) — 09/30/15 — AmbiCom Holdings, Inc. (OTCQB: ABHI), the leading provider of cloud based Active Optimization services for Personal Computers and servers, has entered the South Korean market of PC Bangs.PC Bangs are LAN based gaming centers where patrons can play multiplayer computer games for an hourly fee. These PC Bangs (or PC rooms) are very popular with students and professionals that want a gaming experience that is separate from normal computer use. There are
MILPITAS, CA — (Marketwired) — 09/22/15 — AmbiCom Holdings, Inc. (OTCQB: ABHI) today announced that it has executed a term sheet for a term loan facility with Pioneer Capital of Irvine, California."This debt facility will give us access to up $2,500,000 in non-dilutive debt. We intend to use the proceeds to retire our convertible notes and to grow our Active Optimization business. The note is scheduled to close within six weeks," stated John Hwang, Chairman and CEO of AmbiCom Holdi
MILPITAS, CA — (Marketwired) — 08/04/15 — AmbiCom Holdings, Inc. (OTCQB: ABHI) today announced that revenue for Q4/FY2015 was $187,920."Our consumer product is starting to generate revenue as our partners continue to ramp up sales. We achieved $187,920 in revenue for the quarter ending July 31, 2015, with roughly half coming in the month of July. We are conservatively forecasting that we double that number in Q1/FY2016 which ends October 31, 2015," states Kevin Cornell, President o
MILPITAS, CA — (Marketwired) — 07/22/15 — AmbiCom Holdings, Inc. (OTCQB: ABHI) has announced the appointment of Robert Gauthier, MD as an advisor. Dr. Gauthier is a practicing anesthesiologist in Minnesota. He has experience in medical device startups and software companies, including networking and medical record software companies.Dr. Gauthier has served on the board of directors of several companies that have been sold and is currently the CEO of Gruve Technologies, which is a Mayo Clinic
MILPITAS, CA — (Marketwired) — 07/14/15 — AmbiCom Holdings, Inc. (OTCQB: ABHI) has announced the release of their cloud-based Active Optimization offering for Managed Service Providers (MSP–s). The Veloxum AO will be available for installation beginning August 1, 2015. This product is a cloud based offering that delivers to MSP–s the same performance features that were previously only available with on-premises installation.The cloud based AO will include an integration module for the most
MILPITAS, CA — (Marketwired) — 06/17/15 — AmbiCom Holdings, Inc. (OTCQB: ABHI) is pleased to announce that all systems are –go– regarding the full launch of their unique, active optimization offering for Personal Computers. The Veloxum PC active optimization software began limited release on April 2, 2015. This product is a cloud based offering that delivers to consumers the same performance features that were previously only available to large enterprises. Active Optimization automaticall
MILPITAS, CA — (Marketwired) — 05/21/15 — AmbiCom Holdings, Inc. (OTCQB: ABHI), today announced that it has retained Maxim Group LLC ("Maxim"), a leading investment banking, securities and investment management firm, to provide strategic corporate planning and investment banking services. Maxim will focus on assisting AmbiCom in its strategies for maximizing shareholder value through its full scope of investment banking services.AmbiCom–s Chief Executive Officer, John Hwang stated
