MIAMI BEACH, Fla., Feb. 25, 2015 /PRNewswire/ -- Next Galaxy Corp.
(OTC: NXGA), the creator of Ceek – Virtual Reality (VR) Content Hub
and Ceekars – the first VR Audio Headset, is pleased to provide
shareholders with an update on company developments and goals for
2015 with a letter from Next Galaxy Founder and President
Mary Spio.
My Fellow NXGA Shareholders,
Since July 2014, Next Galaxy has
been moving efficiently and expeditiously to create content
solutions and technology that we believe will drive the mainstream
adoption of VR.
Next Galaxy is built around Ceek™ - our VR content hub, and
Ceekars™ - the first smart VR audio headset. To date, we have
completed a beta version of Ceek™ that is online for Windows users
and viewable through the Oculus Rift DK1. We have since focused our
attention on developing the consumer version of our Ceek
application for mobile phones. The DK1 version of Ceek is voice
activated, has full social functionality for multiple users to
interact, communicate and have shared experiences and downloadable
via www.ceek.com.
Ceek™ is designed as a truly next generation platform, unlike
anything available today. CEEK is a fully immersive environment,
users don't simply visit a static website and watch a video or
partake in a virtual meeting like they do currently on a web
browser. CEEK is designed for use with VR domes as well as
headsets such as the Oculus Rift, Samsung Gear VR, VRONE, Google
inspired VR goggles and others.
Our focus moving forward is on mobile VR as we believe that
medium is the best way for us to gain traction with a wide audience
based upon the growing ubiquity of smartphones. Android smartphone
shipments alone exceeded a billion in 2014. By simply downloading
our mobile application, our users, who we call "Ceekers," will be
immersed in a virtual world that they will navigate and interact
with via a controller, head movement, voice-activation and/or eye
gaze control.
Think of it as a virtual city with a central command center
where users go to beam to the destination of their choice, whether
it is a music hall for a concert, the Cineplex for a movie, sports
arena for a game or the travel center to explore Miami, Paris
or countless travel destinations and sites. We recognize that
VR will become the foundation for the future of communication be it
in entertainment, healthcare or education and we are excited about
the opportunity to help shape that movement.
The CEEK platform will have tools to enable other content
creators to easily distribute and manage their content. To bring
Ceek™ to market, we have partnered with EON Reality, the world's
number one Virtual and Augmented Reality knowledge transfer and
leading VR developer. In addition to being a valuable business
partner integral to the development of Ceek, EON Reality has made a
co-investment in CEEK; a decision which demonstrates EON's
commitment to the success of the project.
To address the audio component of VR, we have developed
Ceekars™, the first 3D smart audio headphone and portable
navigational tool for VR gaming and experiences. Prior to
CEEKARS™ you could not achieve this kind of acoustic
experience and interactivity without powerful high performance
gaming computers draining CPU resources, plus it was close to
impossible on mobile phones. Now with Ceekars you can turn your
mobile phone into your personal mega entertainment complex on the
go!
While CEEKARS were created for Virtual Reality environments, it
is equally great for enjoying music, movies and other experiences
anywhere, anytime!
Next Galaxy has several provisional patents and IP that covers
our VR controller, 3D smart audio device and social VR technology.
We have executed revenue-generating agreements, and have others
pending with the likes of Miami Children's Hospital and other
healthcare organizations to create immersive training for critical
procedures. In addition to our internal plans for domestic
distribution and sales of Ceekars™, we are pursuing international
avenues as well, including a business partnership with Annex
Telecom Co., Ltd., one of South
Korea's leading Mobile Virtual Network Operators with annual
sales in excess of $1 billion.
Annex Telecom will soon begin offering Ceekars™ as a packaged
product with a third-party VR headset to the distribution
network.
Once the VR platform and VR audio headset are in place – which
should be within the next few months, the final component is VR
content to begin populating our Ceek database and driving audience
and revenue growth. As we have disclosed in numerous
announcements across the past months, we have built an incredible
team of partners for this portion of the business model. Our
partnership with Annex Telecom not only involves the distribution
of Ceekars™, but also a content creation component, as VR is a
prime growth directive of Annex Telecom. Annex Telecom will
work with us to provide celebrity talent affiliations for the
production and marketing of VR concerts to bolster their lineup of
popular television shows. Next Galaxy has granted Annex
Telecom exclusive distribution rights in Korea for the
content.
In the sports space, legendary Syracuse
University Men's Basketball coach Jim Boeheim, the second most winning Division 1
men's basketball coach of all time, has signed on for a VR
experience to be filmed at his home basketball court. After
signing the agreement, Coach Boeheim appeared on leading financial
broadcasts, such as CNBC and Fox Business, during prime time market
hours discussing his excitement for the VR industry and Next
Galaxy.
For our music initiatives, we have aligned ourselves with some
of the biggest names in the business. We have partnered with
Grammy-nominated producer Willie "Bum Bum" Baker to create a series
of VR shows featuring various musical artists to be hosted on Ceek.
Willie has a resume that includes working with music superstars,
such as Beyonce, Pink, BoyzIIMen, India
Irie and music mogul LA Reid, former CEO of Epic Records. To
penetrate the Latin American market which includes a population in
excess of 600 million people, we've added Ron Diaz to spearhead that initiative.
Ron's decades of experience include being a founder of the Hispanic
Academy of Media Arts and Sciences, the producer of the first Latin
jazz concert at New York's
Carnegie Hall and a key figure in the formation of the Latin jazz
record label Songosaurus, which has produced several illustrious
Latin musicians.
These extensive R&D efforts and lengthy list of partnerships
have paved the way to where we are today as a VR company enveloping
the key components of the industry.
Further, we have established Next Galaxy as a key opinion and
technology leader through our production of the Big Innovation and
Growth (BIG) Summit, which featured best selling author and the
marketing force behind the early Facebook Randi Zuckerberg as the
keynote speaker and brought together the industry.
These efforts have unlocked a litany of upcoming opportunities
to create content and a product which will delight our
audiences. We expect to announce exciting news on this front
in the very near future as we finalize agreements and
contracts.
Financially, we have moved forward through investments by
long-term, committed stakeholders and prudent use of funds.
We are near commercialization, and have been presenting our company
to larger investment funds and institutions.
In summary, we have made tremendous strides on all fronts and
are relentlessly moving forward to stay ahead of the curve, iterate
quickly and execute on our plans to become a leader in the creation
and distribution of consumer virtual reality content. We are months
away from the mobile version of Ceek and releasing Ceekars™, two
first-in-class VR products. We expect 2015 to be a banner
year for VR fans (which we are first and foremost), Next Galaxy and
our shareholders as the Next Galaxy, CEEK and CEEKARS brands become
synonymous with delightful fully immersive experiences.
Thank you for your continued support.
Mary Spio
President and Founder
Next Galaxy
About Next Galaxy Corp:
Next Galaxy Corporation is a leading developer of innovative
content solutions and fully Immersive Consumer Virtual Reality
technology. The Company's flagship consumer product in development
is CEEK, a next-generation fully immersive entertainment and
educational social virtual reality platform featuring a combination
of live action and 3D experiences. Next Galaxy's CEEK simulates the
communal experience of attending events, such as concerts, sporting
events, movies or conferences through Virtual Reality. Next Galaxy
is developing entertainment and educational experiences for VR
Cinema, VR Concerts, VR Sports, VR Business, VR Tourism and more.
In short, Next Galaxy is building the meeting places of the future.
For further information, visit www.nextgalaxycorp.com.
Forward-looking statement:
This press release contains forward-looking statements made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These statements are only
predictions and involve risks, uncertainties and assumptions that
could cause Next Galaxy's actual results to differ materially from
anticipated results and expectations expressed in these forward
looking statements. Any forward-looking statements are subject to
risks and uncertainties such as those described in Next Galaxy's
periodic reports on file with the Securities and Exchange
Commission.
Contact:
Tina Brown
Next Galaxy Corp.
+1-(877)407-9797
Tina@ceek.com
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SOURCE Next Galaxy Corp.