SOURCE: Ubiquity Broadcasting Corp.

Ubiquity Broadcasting Corp.

September 20, 2013 15:27 ET

Ubiquity Broadcasting Corporation Completes Merger

Acquired Company and Related Intellectual Property Positions Company to Establish Foothold in Burgeoning Web 3.0 Market

IRVINE, CA--(Marketwired - Sep 20, 2013) - Ubiquity Broadcasting Corporation (OTCQB: UBIQ) ("Ubiquity") today announced that it has closed on its Agreement and Plan of Merger entered into on March 5, 2013 with Ubiquity Acquisition Corporation and Ubiquity Broadcasting Corporation ("UBC") which is a private company (the "Merger"). Pursuant to the Merger, Ubiquity issued one share of its common stock for each share of the common stock held by the UBC shareholders.

The Acquired Business

As a result of the Merger, the public company adopted the operational charter of UBC and shall continue to operate under the name Ubiquity Broadcasting Corporation.

Ubiquity is an industry leader in cloud-based products and services, that owns a portfolio of intellectual property relating to Internet, Social Media and Cloud-Based applications, and operates an in-house, state-of-the-art production facility based in Irvine, California.

Ubiquity Broadcasting's broad portfolio of patents enhance its competitive position in the market place which it is leveraging to establish a foothold in burgeoning markets including digital content, online search, and social content.

Products and Services

Ubiquity's products and services provide a seamless platform for access to all media and content enabling consumers to access and seamless aggregate content and services anywhere, and using any device. These products include mobile commerce, video search and a customized interface for all personal and public data, including media and content from any source to any device.

Ubiquity's mission is to become the leading provider of Web 3.0 technology and services with a special focus on the "Millennial Generation" which consists of consumers ranging in ages from 13 to 35. The demand for multi-platform content is increasing dramatically, placing multi-screen content and services at the core of Ubiquity's content distribution strategy.

Business Model

  • Ubiquity Labs is in development of projects leveraging several of the Ubiquity's patents, which have been designed with cloud-based, cross-platform and artificial intelligence features;
  • Ubiquity Intellectual Property delivers Ubiquity a sustainable and insulated market advantage, with 14 patents and an additional 28 patents in application focused around the digital lifestyle Web 3.0; and
  • Ubiquity Studios is a state-of-the-art content production facility focused on leveraging the Company's technologies and Web 3.0 expertise to deliver unparalleled quality programming.

"We are extremely pleased to have completed this transaction," said Chris Carmichael, CEO of Ubiquity. "We believe we are poised to introduce a variety of technologies that are transformative in nature, spanning digital commerce, publishing, marketing and advertising, entertainment, data analytics, social media and Web 3.0 navigation. In addition, at Ubiquity Studios, we are developing and producing some of the most exciting, high-quality content in the entertainment industry, providing our clients and partners with world-class facilities and support. The completion of the merger is the first step our strategy to drive shareholder value, creating a truly differentiated technology company."

"Ubiquity has developed products and services providing a seamless platform for access to all media and content from all devices. These products include mobile commerce, video search, and a customized interface for all personal and public files, including any media and any content from any source to any device," said Co-Chairman Nicholas Mitsakos. "We believe that we are an industry leader in cloud-based products and services, and its competitive position is enhanced and sustained by its broad and deep portfolio of patents and intellectual property."

Safe Harbor and Informational Statement

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 to the transactions between Ubiquity Broadcasting Corporation (OTCQB: UBIQ), Ubiquity Acquisition Corporation and Ubiquity Broadcasting Corporation, the private company. All statements, other than historical facts, including, but not limited to: the expected benefits of the transactions such as improved operations, enhanced revenues and cash flow, growth potential, market profile and financial strength; 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 June 30, 2013, and in other materials that have been filed by Ubiquity Broadcasting Corporation in connection with the Merger, which are available on the SEC's web site (www.sec.gov).

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.

About Ubiquity Broadcasting Corporation
Based in Irvine, California, Ubiquity Broadcasting Corporation is an emerging broadcasting & 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 www.ubiquitycorp.com.

Contact Information

  • For more information contact:

    Marty Appel Public Relations
    100 W. 57th St.
    New York NY 10019
    PH: 212 245-1772
    FAX: 877 298-1932
    www.AppelPR.com

    Todd M. Pitcher
    ECCO Advisors, LLC
    P: 760-203-4922