Valuesetters Buys Mobile Content Delivery Business
October 01 2014 - 8:30AM
InvestorsHub NewsWire
White Plains, NY - October
01, 2014 - InvestorsHub NewsWire - Valuesetters, Inc.
(OTC
Pink: VSTR) announced that it has purchased the mobile content
delivery platform and operations of TelcoSoftware.com Corp., a
cloud-based over-the-top (OTT) content delivery
business.
Valuesetter’s Chief Executive
Officer, Manny Teixeira, noted, “TelcoSoftware has been providing
an innovative technology for more than 10 years, and is the vendor
behind our V-Star app that we sell on Google Play. Instead of
being a customer of TelcoSoftware, we decided it was in our best
interest to own their technology and use our marketing dollars to
increase OTT revenues. With our ownership of this mobile
content platform, we are now capable of distributing music, movies,
text, voice and advertising.”
Teixeira continued, “We believe that
OTT delivery is critical to attracting and keeping
subscribers. Offering multiple content options is becoming
increasingly important as consumers utilize their devices for
games, video, audio and other media needs. We project an
increasing demand for functions created by cloud solutions, and we
are very excited that we are now a cloud-based mobile app and media
company.”
In order to complete the purchase,
the majority shareholder of Valuesetters paid 40 million shares of
common stock to TelcoSoftware.com Corp., and Valuesetters then
purchased the business from its majority shareholder for a $1
million note.
About
Valuesetters:
Valuesetters is an Internet-based
company that seeks free subscribers and revenue-generating
subscribers. Valuesetters operates on an automated basis with the
belief that Internet operations, customer sign-ups, sales and game
playing should occur without human intervention so that it can
quickly expand in the event the number of subscribers begins to
rapidly grow on a viral basis. Its focus is on the digital delivery
of games, apps, movies and music. Research from Parks
Associates shows that 55% of broadband households subscribe to OTT
services.
The information contained herein includes forward-looking
statements. These statements relate to future events or to our
future financial performance, and involve known and unknown risks,
uncertainties and other factors that may cause our actual results
to be materially different from any future results, levels of
activity, performance or achievements expressed or implied by these
forward-looking statements. You should not place undue reliance on
forward-looking statements since they involve known and unknown
risks, uncertainties and other factors which are, in some cases,
beyond our control and which could, and likely will, materially
affect actual results, levels of activity, performance or
achievements. Any forward-looking statement reflects our current
views with respect to future events and is subject to these and
other risks, uncertainties and assumptions relating to our
operations, results of operations, growth strategy and liquidity.
We assume no obligation to publicly update or revise these
forward-looking statements for any reason, or to update the reasons
actual results could differ materially from those anticipated in
these forward-looking statements, even if new information becomes
available in the future.
Contact:
Manuel Teixeria, CEO
203-525-0450
mannyteixeira@gmail.com