KSIX Media Holdings, Inc. Announces 20% Increase in 2016 Expected Annual Revenues
January 25 2017 - 9:00AM
Marketwired
KSIX Media Holdings, Inc. Announces 20% Increase in 2016
Expected Annual Revenues
Company focused on continuing to build revenues and see True
Wireless, LLC become one of the leading lifeline providers in the
US for 2017
LAS VEGAS, NV-(Marketwired - Jan 25, 2017) - KSIX Media
Holdings, Inc. (OTC PINK: KSIX), a diversified media and internet
company headquartered in Las Vegas, announced today that 2016
earnings are estimated to be approximately $3.4 million, a 20%
increase from the previous year. The Digital IQ division was
responsible for a significant portion of this increase. The
Company's priorities for 2017 are to continue to build revenues
through expanding proven online campaigns to their approved
affiliate network of over 5,300 publishers, accessing billions of
potential monthly advertising impressions.
The Company will also look to develop specific targeted
campaigns for True Wireless under their Management and Marketing
Agreement to help grow True Wireless into one of the leading
providers of the Lifeline program. The Lifeline program provides
essential services by offering discounted phone and broadband
services to qualifying low-income households. Over 37 million
households are eligible for this program according to the Universal
Service Administration Company (USAC), a non-profit corporation
designated by the Federal Communications Commission (FCC) to
administer the $10 billion Universal Service Fund.
"We anticipate continuing to substantially increase company
revenues and earnings in 2017 within all divisions by leveraging
our proprietary online marketing technology and proven campaign
strategies into new verticals. We will have a heavy focus on
developing new media initiatives for True Wireless in order to
reach the estimated 20+million eligible consumers who are not yet
involved with the Lifeline program," said Carter Matzinger, CEO of
KSIX Media Holdings, Inc. "This is a phenomenal synergy where we
can utilize our existing affiliate network and digital marketing
channels to what is essentially an in-house client. Brian Cox and
Mike Fina, True Wireless CEO and President have a proven track
record of operating a $61 million revenue company. All of the
customer service and operational systems are in place to scale. We
have been working with True Wireless for several months already and
have effective campaigns tested and that we will scale. Although we
are currently building a relationship with the FCC to ensure a
speedy transfer of ownership and simultaneously seeking approval
from state regulatory bodies, our management and marketing
agreements are in place, where we are working directly with True
Wireless to increase revenues, reduce costs and further develop a
customer-service oriented program of voice, data and broadband to
those who are eligible."
Matzinger also added that KSIX and True Wireless have developed
a growth plan for 2017 which will include both targeted marketing
efforts in the five states approved thus far for True Wireless (OK,
TX, AR, RI and AR), as well as seeking to add more states to the
existing roster while also applying for a national broadband
license that would cover most states and U.S. territories.
ABOUT KSIX MEDIA HOLDINGS KSIX Media Holdings, Inc. (OTC PINK:
KSIX) is an SEC fully reporting media and Internet company located
in Las Vegas, Nevada. Currently, there are three divisions, KSIX,
LLC, DigitizeIQ, LLC and True Wireless. KSIX and Digitize IQ
operate a digital advertising network utilizing proprietary
technology and intellectual properties designed to create new
revenue streams and increase measurable audiences for clients. KSIX
provides performance-based marketing solutions to drive traffic and
sales. KSIX manages offer tracking, reporting, and distribution on
the third-party platform. On December 14, 2016 KSIX entered into a
definitive agreement with True Wireless that comprises a management
agreement as well as an acquisition agreement subject to FCC
approvals.
ABOUT TRUE WIRELESS, LLC True Wireless LLC, an Oklahoma company,
is an eligible telecommunications carrier providing discounted and
subsidized wireless (cell phone) service to those who qualify. The
company provides government sponsored/supported cell phone service
in Texas (TX), Oklahoma (OK), Arkansas (AR), Maryland (MD) and
Rhode Island (RI). The service is subsidized under the Lifeline
program. Americans who enroll in the program must qualify and
maintain annual certification.
FORWARD LOOKING STATEMENTS
Certain statements in this release, other than statements of
historical fact, may include forward-looking information that
involves various risks and uncertainties. There can be no assurance
that such forward-looking statements will prove to be accurate.
Actual result and future events could differ materially from those
anticipated in such statements. These and all subsequent written
and oral forward-looking statements are based on the estimates and
opinions of management on the dates they are made and expressly
qualified in their entirety by this notice. The Company assumes no
obligation to update forward-looking statements should
circumstances or management's estimates or opinions change, other
than as required pursuant to applicable securities laws.
Contact Information KSIX Media Holdings, Inc info@ksix.com
Source: KSIX Media Holdings, Inc Investor Contact OmniVance
Advisors PR@ksix.com 858-381-5740