Ethos Media Network, Inc. (OTC Pink: EOMN) operates within the acquisition, development, production, and distribution of multimedia entertainment programming content. Shares of the media company skyrocketed 282.46% on Monday, April 9, 2018. Over the past month, Ethos Media Network, Inc. has seen average daily volume of 48,197 shares. However, volume of 8.31 million shares or dollar volume of $181,158, exchanged hands on Monday.
Shares of the digital entertainment company soared today after announced the elimination of its convertible debt. The company further stated that “Ethos can now enjoy the benefit of having no convertible debt.” Aside from the debt repayment, Ethos Media Network, Inc. also announced the unveiling of its Bunji V.2 white label network portal. Here is the full press release detailing of the major updates:
Ethos Media Network, Inc. Press Release:
FORT LAUDERDALE, FL / ACCESSWIRE / April 9, 2018 / ETHOS MEDIA NETWORK, INC. (OTC PINK: EOMN), A SOUTH FLORIDA BASED DIGITAL TELEVISION PRODUCTION AND DISTRIBUTION COMPANY, REPORTS THE FOLLOWING CORPORATE UPDATES:
EOMN’S commitment to its shareholder base continues to be paramount to CEO Jack Namer. We are pleased to report that all our convertible debt has been repaid. Ethos can now enjoy the benefit of having no convertible debt. This places the company in an ideal position, one in which there will be no convertible dilution of its share price as it aggressively moves forward with business development, mergers and acquisitions.
Ethos Media Network also announces that it is focusing on building strategic relationships to further its vision of implementing its programming and broadcasting solutions. The relationships, whether partnerships or acquisitions will further strengthen and enhance EOMN’s footprint.
The company is announcing Bunji™ V.2, a white label Network Portal similar to Roku™, YouTube™, Hulu™ or Netflix™ media engine that allows anyone to have their own content, marketing and promotion channel – with the ability to livestream content, upload video and music, sync all social media content and/or download content from multiple media libraries to curate their channel to their specific audience over all smart devices as well as conventional television.
Ethos’ SaaS offering ensures a steady monthly residual, one which the company is keen on duplicating among its other offerings.
About Ethos Media Network, Inc.
Ethos Media Network, Inc. (OTC PINK: EOMN) is actively engaged in the acquisition, development, production and distribution of digital television and multi-media programming content. EOMN distributes its content through Comcast (22 million subscribers), Direct TV, LLC (35 million subscribers), Dish TV (13 million subscribers), and Roku Network (12 million subscribers). The Company subsidiary, Channel 16Live is a fully operational digital television network appearing over the air and is widely viewed on the internet and all mobile devices. The viewing area of Channel 16 extends from Vero Beach, Florida through West Palm Beach, Fort Lauderdale and Miami, comprising of approximately 2.8 million households. It also distributes streaming content separately on the internet through various websites including www.channel16live.com.
NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.”Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements which address actual results could differ materially from those expressed or implied in forward-looking statements. These statements are made on the basis of management’s views and assumptions. As a result, there can be no assurance that management’s expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as management ”believes,” ”expects,” ”anticipates,” ”foresees,” ”forecasts,” ”estimates” or other words or phrases of similar import. Similarly, statements in this release that describe the Company’s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. Management cautions that the ability to attract clients and generate business may be affected by a decline in the Company’s financial ratings, the competitive environment, the Company’s ability to raise sufficient capital to meet the collateral requirements associated with its current business and to fund the Company’s continuing operations and changes in market conditions.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is not permitted. Any securities offered or issued in connection with the above-referenced merger and/or investment have not been registered, and will be offered pursuant to an exemption from registration.