CORRECTING and REPLACING Massive Interactive Outlines Aggressive Global Growth Strategy
December 20 2013 - 5:12PM
Business Wire
-Firm receives significant investment from Southport Lane and
announces public listing
Please replace the release with the following corrected version
due to multiple revisions.
The corrected release reads:
MASSIVE INTERACTIVE OUTLINES AGGRESSIVE GLOBAL GROWTH
STRATEGY
-Firm receives significant investment from Southport Lane and
announces public listing
Massive Interactive Inc. (OTCQB:HUGE), a leader in platform
software and design for multi-screen entertainment, announced its
shares are now traded on OTCMarkets.com under the ticker symbol
‘HUGE’.
The listing comes after a subsidiary of Southport Lane, LP
(“Southport”), a New York private equity fund, acquired a majority
stake in Massive. The Southport acquisition will allow Massive to
execute its growth strategy and innovative product roadmap into
2014 and build on its position in the telecommunications,
broadcast, hospitality and airline sectors worldwide.
“We are delighted about this new opportunity with Massive,” said
Southport Lane Co-Founder and Head of Private Equity, Andrew
Scherr. “Not only is the company an innovator in the ‘TV
Everywhere’ sector, but it has a highly experienced and capable
management team who have built a profitable company over the last
17 years. We believe that our investment will place Massive in an
even better position to expand.”
Massive CEO Ron Downey said, “We are thrilled to have
Southport’s team now working with us to accelerate our success in
the ‘TV Everywhere’/on-demand sector which, we believe, is one of
the most exciting and fast-moving industry categories in the
world.”
Downey continued: “Southport Lane’s investment and our public
listing will enable us to expand Massive’s current service offering
around the world and assist in the launch of our new managed
multi-screen video service delivery platform, Massivision,
which will be previewed at CES (Las Vegas) in
January. Massivision will deliver an end-to-end,
enterprise-grade solution for content owners and distributors, of
any size, to deliver multi-device video entertainment services to
their consumers.”
Safe Harbor Language: FORWARD-LOOKING
STATEMENTS: Statements included in this press release that are
not historical facts are “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995
(the “1995 Act”). Words such as “believe,” “expect,” “anticipate,”
“intend,” “look forward,” “opportunities,” “potential,” and similar
expressions identify forward-looking statements. The Company
cautions readers that forward-looking statements reflect the
Company’s current expectations and assumptions that are subject to
certain risks and uncertainties which could cause actual results to
differ materially from those projected in the forward-looking
statements. Statements made herein are made in reliance on the safe
harbor for forward-looking statements contained in the 1995 Act.
The Company assumes no obligation to update or revise any
forward-looking statements made herein or any other forward-looking
statements otherwise made by the Company.
ABOUT SOUTHPORT LANE:
Southport Lane is a New York based financial services firm
specializing in private equity, asset management, and insurance
services. Southport Lane was founded in 2010 and has over $5
billion in assets under management. For more information go
to: www.southportlane.com.
ABOUT MASSIVE INTERACTIVE (OTCQB:HUGE)
Massive serves Tier 1 telcos, cable operators, broadcasters,
cinemas, hotels and airlines worldwide with offices in New York,
London, Sydney and Prague. Clients include the BBC, Sky, British
Telecom, Deutsche Telekom, Telstra, Foxtel, Rogers, Channel 5 (UK),
Emirates, Virgin Atlantic, Qantas, Singapore Airlines and many
more. For more information,
visit: www.massiveinteractive.com.
For Southport LaneLoretta Mock/Jessica Kleinman, +1
646-395-6300Southportlane@cognitomedia.comorFor Massive
InteractiveJames Harrison, +44 7904 160
840James.harrison@massiveinteractive.com