Progress Watch Corporation
PINKSHEETS : PROW

Mobile Broadcasting Corp.

September 17, 2014 12:45 ET

Mobile Broadcasting Corp. Announces New Patent Application

PISCATAWAY, NEW JERSEY--(Marketwired - Sept. 17, 2014) - Mobile Broadcasting Corp., a company formed by Mobile Broadcasting Holding, Inc. (PINKSHEETS:PROW), formerly Progress Watch Corporation, announced today that it has been advised by Briken, LLC that it is preparing to file a new application for a U.S. patent. The new application will cover claims for an expansion of the broadcast capabilities of the communications platform under license to the Company by Briken. Briken has recently been notified by the U.S. Patent and Trademark Office that a U.S. Patent will issue to cover claims covering its communications platform. Briken has a second application pending covering additional claims for its communication platform, also included in the license.

Ken Bland, the Company's chief executive officer and who is also the owner of Briken, stated, "We are optimistic that the USPTO will find the claims in both the pending application and the planned application acceptable for the issue of two additional patents. If and when issued, the additional patents will further extend our exclusivity in our field."

The Company is preparing to offer a user application that provides access to its patented communications platform designed to broadcast and view live video streams of interactive original programming directly between smartphones and other mobile devices which currently communicate on 4G LTE and Wi-Fi networks, as well as for viewing the Company's prerecorded live streams and video-on-demand programming (VOD).

The Company is in process of preparing a registration statement which, when effective, will enable Progress Watch to distribute a dividend in the Company's common stock to stockholders of Progress Watch on a record date to be established.

SAFE HARBOR AND INFORMATIONAL STATEMENT

This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact, regarding the intent, belief and expectations of the Company and its management with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the Company's reports filed with the SEC. The Company is not eligible to rely on the safe harbor provided by Section 21E(c) of the Exchange Act because it is not subject to filing periodic reports under Sections 13 or 15(d) of the Exchange Act.

Only information that is publicly available will be provided.

Contact Information

  • Mobile Broadcasting Corp.
    Kenneth D. Bland
    Chief Executive Officer
    ken@briken.net