SENDEN, GERMANY--(Marketwired - Feb. 25, 2014) - Progress Watch Corporation (PINKSHEETS:PROW) announced that it will enter the social/ content marketing arena. With more than one billion smart phone users and 1.7 billion expected by 2017, this move from its traditional core business line mechanical movement manufacturing and watch supply businesses) is expected to develop new revenue streams for the company, especially in the area of social/content marketing. Companies will have the ability to target specific markets to stream branded messages.
Progress Watch signed a Letter of Intent to work with TeleDNA Communications Pvt Ltd. last January [January 31, 2014] on the development of its new broadcast technology. Users will benefit from the ability to stream feature-rich audio and video content instantly. This technology platform is designed specifically to function on 4G and Long Term Evolution (LTE) mobile networks.
ABOUT PROGRESS WATCH CORPORATION (PINKSHEETS:PROW)
Progress Watch Corporation has been listed on the stock exchange since 1999 under the symbol PROW (OTCPink). It is an investment holding company previously focused on the mechanical movement manufacturing and watch supply businesses. The Company recently announced its plan to diversify into the mobile broadcasting technology market. Progress Watch Corporation is located in Senden, Germany.
This press release contains forward-looking statements that provide current expectations of future events based on certain assumptions. All statements regarding future performance growth, conditions, or developments are forward-looking statements. Actual future results may differ materially from those described in the forward-looking statements due to a variety of factors. The Company expressly disclaims any obligation or undertaking to update these forward-looking statements to reflect any future events or circumstances.