KSIX Media Holdings Announces New Broadband Program Dramatically Increasing Customer Retention
February 02 2017 - 9:00AM
Marketwired
KSIX Media Holdings Announces New Broadband Program Dramatically
Increasing Customer Retention
New Broadband Program Substantially Increasing True Wireless'
Customer Retention
LAS VEGAS, NV-(Marketwired - Feb 2, 2017) - KSIX Media Holdings,
Inc. (OTC PINK: KSIX), a diversified media and internet company
headquartered in Las Vegas, announced today a significant decrease
in customer loss due to the National Lifeline Broadband Program. In
the first eleven months of 2016 True Wireless lost an average of
2,086 customers per month. After just two months of providing the
new broadband offering the company's average monthly loss has
dropped to 514 customers.
In 2016, the FCC adopted a comprehensive reform and
modernization of the Lifeline Program to include broadband services
affording qualifying low-income households access to the 21ST
Century's vital communication network: the Internet. Today
consumers and students need Internet access for a full and
meaningful participation in society, yet 43 percent of the nation's
low-income households say they can't afford modern broadband
service. This reform has narrowed the digital divide, enabling
these qualifying households to share in opportunities provided by
broadband service.
A key feature of the new program requires the customer to remain
with a provider for 12 months, with few exceptions. Previously
subscribers were allowed to change carriers after sixty days. In
December, True Wireless expanded its subsidized voice service to
included both broadband and voice. "We wanted to be among the first
providers offering broadband to our customers," said True Wireless
President Mike Fina. "Our company has always been a leader in the
industry and we wanted to offer our customers this incredible
opportunity the minute it was available," he added.
True Wireless is offering the Broadband program in Oklahoma,
Arkansas, Maryland, Rhode Island and parts of Texas. True Wireless
has already converted the majority of its customer base to the new
program and is currently enrolling all new eligible subscribers in
the broadband program. The company is now offering a variety of
Wi-Fi enabled and hot-spot capable handsets to new and existing
customers. The National Broadband Program guarantees the subscriber
a minimum of 500 voice minutes and 500mb of data. In available
areas True Wireless is offering upgraded services that include
unlimited voice, text and increased data.
"The ability to offer both broadband as well as voice and data
bundled programs greatly expands the True Wireless product
offerings," said Carter Matzinger, CEO of KSIX Media Holdings, Inc.
"This program addresses a true need to enable low income households
the opportunity to access the Internet and we are working closely
with Brian Cox and Mike Fina, True Wireless CEO and President, to
develop new marketing lanes to reach those who are eligible to this
expanded marketplace. This is an exciting time for KSIX and its
shareholders."
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 pr@ksix.com