SOURCE: Mobile Broadcasting Holding, Inc.

December 01, 2015 08:03 ET

MBHC Outlines Whirlds Roadmap for Reaching a Million Subscribers

PISCATAWAY, NJ--(Marketwired - Dec 1, 2015) - Mobile Broadcasting Holding, Inc.'s (OTC PINK: MBHC) Chairman outlined a roadmap on how the company expects to acquire one million subscribers on its global Mobile Broadcasting TV Network. The Company stated that it appreciated the continued support of its shareholders and wanted to provide a preview of its goals before the close of 2015.

"As we near the end the year, we wanted to take the time to thank our MBHC shareholders for their support throughout a good and sometimes tough year," stated Kenneth M. Bland, Founder and Chairman of MBHC and WHIRLD. "Over the last few months, we've been on an accelerated development schedule to introduce the WHIRLD app to the world and then to systematically release upgrades. From completing our first milestone of prototyping the WHIRLD app, to completing our second milestone of delivering WHIRLD version 1.0 to the market in October, we are now about to accomplish our third milestone of introducing the family of WHIRLD apps to the market. In fact, WHIRLD Android 1.5 was introduced to the market last week. In the upcoming week, we anticipate the release of WHIRLD iOS 1.5."

Although the Company has an optimistic forecast for 2016 as it is building on solid accomplishments of this year, Mr. Bland stated, "We still need the patience of our public market. Because we are building a Mobile Broadcasting Network, we still have much to accomplish. Beyond envisioning our next app development, we are beginning our outreach to content producers. The WHIRLD app has nearly a dozen categories for which we have to provide content. We are currently prioritizing and drilling down on these content needs. Based on this, we expect to introduce the first of WHIRLD's programming in the next 30 days," stated Mr. Bland.

"We also are implementing a plan to multiply the current number of WHIRLD downloads," said Mr. Bland. "With the recent release of WHIRLD Android 1.5, we've had several hundred new subscribers download our app. But our aim is to get to 10,000 downloads and then to 100,000 and then finally a million. But this will only happen in conjunction with providing the right mix of programming to make Mobile Broadcasting Network viable."

The Company acknowledges that reaching a million subscribers may be 6-8 quarters away, but believes it is worthwhile goal. By steadily securing and producing quality content, WHIRLD feels optimistic that it will expand its digital footprint as it grows a global viewing audience. "We stated that we would accomplish our first set of milestones and we have. Now it time to deliver the next set," stated Mr. Bland.

ABOUT WHIRLD

WHIRLD is the only interactive live streaming video application that lets you broadcast your videos in real-time as part of a global Mobile Broadcasting TV Network!

WHIRLD is the first massively social mobile broadcasting network based on MBC's own proprietary technology that easily lets young people and their friends live stream the moments, happenings, and events in their lives in real time together with optimized professional television-style programming to just friends or millions of viewers all within a fresh and new environment on their mobile or streaming media device, Smart TV, or Internet widget.

Safe Harbor and Forward-Looking Statements

This press release contains forward-looking statements. Words such as "expects," "intends," "believes," and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the OTC Markets Group. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

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