MK Automotive Attracts New Financing Package
July 14 2017 - 5:04PM
InvestorsHub NewsWire
SOURCE: MK Automotive, Inc.
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Premium Streaming Cable TV Package Offerings, Company
Growth in Focus
PHOENIX, AZ - Jul 14, 2017 - NewMediaWire - MK
Automotive, Inc. (OTC PINK: MKAU), a live video streaming
(over-the-top or OTT) subscription service and original content
incubator, announced today announced today that it has entered into
a new $290,000 financing agreement with a privately-held investment
company. The financing proceeds will permit Clikia to offer a
premium streaming Cable TV package, which is expected to include
major Latin channels, and allow for a more aggressive posture in
the company's growth-through acquisition strategy.
MKAU's CEO, David Loflin, stated, "We are excited to establish
this new financing relationship and firmly believe this is a
necessary step in the right direction, especially where our ongoing
national social media marketing campaign, increasing subscription
revenues and North American market share growth are concerned." Mr.
Loflin also stated that a complete update, including information
regarding the new financing, would be included in the company's
quarterly report for the three months ended June 30th, which is to
be filed in the near future.
About Clikia
Clikia is a content delivery company within the rapidly
expanding "over-the-top" marketplace, an extremely attractive and
active marketplace positioned at the very center of the inevitable,
unstoppable merger of two dynamic universes: television and digital
video.
Clikia's entertainment streaming packages are flexible enough to
satisfy younger consumer groups, as well as the traditional
consumer groups who have become comfortable in securing a
wide-ranging buffet of programming options from a single
provider.
What is "Over-the-top"?
"Over-the-top," or OTT, is the term used to describe the
delivery of film and TV content via the Internet, without requiring
users to subscribe to a traditional cable or satellite pay-TV
service, like Comcast or Time Warner Cable.
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.
CONTACT INFORMATION
Contact:
MK Automotive, Inc.
Investor Relations
investor@clikiacorp.com