True Wireless and KSIX Media Holdings, Inc. Agree on Restructured Terms
May 23 2017 - 08:30AM
Marketwired
True Wireless and KSIX Media Holdings, Inc. Agree on
Restructured Terms
Brian Cox, True Wireless CEO and Carter Matzinger, KSIX CEO have
Agreed Upon Restructured Terms for the Definitive Agreements
LAS VEGAS, NV-(Marketwired - May 23, 2017) - KSIX Media
Holdings, Inc. (OTCBB: KSIX), a diversified media and internet
company headquartered in Las Vegas, announce today that KSIX and
True Wireless have executed an extension and agreed upon
restructured terms for the Definitive Agreements to close on or
before September 30, 2017. Details available in May 5, 2017 8-k
filing.
"I'M IN!" exclaimed True Wireless majority owner and CEO Brian
Cox when announcing the new agreement. "I'm excited we have agreed
to new terms so look out...I am bringing my 100 person strong
operational team, the True Wireless revenue engine and the growth
and acquisition opportunities of the telecom sector with me!"
"We are over $1.2M a month in revenue and there is so much
positive energy right now," Cox boasted. "In addition to hitting a
rhythm of month after month growth in customers and revenue,
we are rolling out Wi-Fi offload software on our smartphones to cut
carrier costs by 30%-40% and simultaneously pushing forward our
branded prepaid wireless offerings Contigo Movil, serving
Hispanics, and Heart Mobile, uniquely serving people with
disabilities and the elderly, by EOY 2017.", he explained.
Carter Matzinger, CEO of KSIX stated; "This is tremendous for
KSIX. Entering the Telecom Sector with the financial strength of
True Wireless as well as the combined network of business
relationships of True and KSIX is truly game changing for KSIX and
our shareholders. We are all happy with the opportunity to be a
part of one of the hottest and most profitable industries with a
huge upside."
ABOUT KSIX MEDIA HOLDINGS KSIX Media Holdings, Inc. (OTCBB:
KSIX) KSIX, a Las Vegas based company, provides performance-based
marketing solutions to drive traffic and conversions within a
Cost-Per-Action ("CPA") business model. KSIX has an online
advertising network that works directly with advertisers and other
networks to promote advertiser campaigns by utilizing proprietary
technology and intellectual properties designed to create revenue
streams for their affiliate clients and to provide advertisers with
increased measurable audience.
ABOUT TRUE WIRELESS, LLC True Wireless LLC, an Oklahoma based
company, is a nationwide wireless carrier with the ability to
provide service over all 4 major USA wireless backbones. True is a
licensed eligible telecommunications carrier (OK, AR, MD, RI and
TX) providing discounted and subsidized wireless (cell phone) and
broadband service through both the Lifeline Program and the
National Broadband Program.
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
Contact Information KSIX Media Holdings, Inc info@ksix.com
Source: KSIX Media Holdings, Inc Investor Contact OmniVance
Advisors PR@ksix.com 858-381-5740