MK Automotive, Inc. Joins the $37 Billion Video Streaming Revolution with Acquisition of Video Content Service
February 01 2017 - 4:39PM
InvestorsHub NewsWire
PHOENIX, AZ--(NewMediaWire - Feb 1, 2017) - MK Automotive, Inc.
(OTC
PINK: MKAU) announces today the acquisition of Video Content
Service Provider Clikia, entering the $37 billion video streaming
revolution known as "Cutting the Cord."
MK Automotive CEO David Loflin said, "With the acquisition of
'Clikia' we enter the 'Over the Top' video content delivery
industry. 'Over the Top,' or 'OTT,' is the term used for the
delivery of Film and Television content over the internet.
"'OTT' is at the center of the uncontainable revolution known as
'Cutting the Cord' which is expected to generate $37 billion in
revenue in 2017 and exceed $60 billion in revenue by 2020.
"'Cutting the Cord' is the result of a Tech-Savvy,
Content-Hungry Audience and their desire to control the content
they watch. This revolution frees the consumer of the high cost
subscription rates from other TV service providers, whose
subscription rates range from $50 to $200," said Loflin.
Mr. Loflin continues to say, "The trend of 'Cutting the Cord' is
the result of several previous technological breakthroughs that
include: File-Sharing, WiFi, Smart Phones and Tablets. The adoption
and popularity of YouTube and Netflix has launched the 'OTT'
industry. 'OTT' video content delivery is the future!
"Clikia will open for registration on February 15th and will
offer many levels of service choices from a free account to a
premium account priced at less than $30.00 per month.
Simultaneously we will also launch an aggressive marketing campaign
for subscribers using all internet and social media platforms. We
will also take advantage of the fact that we are one of the only
companies in the OTC Markets to provide this revolutionary
service."
Service can be viewed at http://clikia.tv
This Press Release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
forward-looking statements are based on the current plans and
expectations of management and are subject to a number of
uncertainties and risks that could significantly affect the
company's current plans and expectations, as well as future results
of operations and financial condition. A more extensive listing of
risks and factors that may affect the company's business prospects
and cause actual results to differ materially from those described
in the forward-looking statements can be found in the reports and
other documents filed by the company with the Securities and
Exchange Commission and OTC Markets, Inc. OTC Disclosure and News
Service. The company undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
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SOURCE: MK Automotive, Inc.