URBT Commits to Shareholders, as it Inks Deal With Golden Air Time Advertising Agency for Q1 Launch of the URBT TV Network (O...
27 Julio 2015 - 5:00AM
As URBT begins raising its seed capital of 5 million dollars to
re-launch the URBT network by Q1 of 2016, URBT wants to ensure its
investor base that there will be no reverse split of the Company's
stock. In a statement made by the Company's new CEO Joseph Collins
he makes it perfectly clear, "Since I have been the CEO of URBT I
have been very transparent, this Company needs long term investors!
Investors that will give the Company an opportunity for our stock
price to grow. We do not have nor will we take on any toxic
debt. This is why we are raising 5 million dollars to create
investor confidence and build a base that is interested in growing
a media Company. We are satisfied with our approximately 130
million shares outstanding and a reverse split of URBT stock at
this time would be counter-productive to our business model."
Urban Television Network Corporation (OTC:URBT) has
filed Regulation D under Rule 506c with the SEC and the
Company has begun raising 5 million dollars selling restricted
shares of URBT stock. The Company's CEO is personally taking
calls (909.486.4742) with investors in an attempt to get to know
his investor base. Investors may also visit our website
http://URBTnetwork.com
On Friday, July 24, 2015, URBT entered into contract with
advertising agency Golden Air Time. Golden Air Time places direct
response advertising on television networks such as TNT, BET,
Lifetime and ESPN to name a few, and is excited to provide URBT
with 52 weeks of advertising beginning Q1 of 2016. President of
Golden Air Time Renee Rochman states, "We are very excited to be an
advertising partner with the URBT network. The experience of your
CEO has prompted us to make an early commitment to the network.
URBT network is golden to us!"
"I feel our Company is very under-valued and the current stock
price does not reflect the value of our business
model. However, as we continue to implement the business
model, investors will be able to determine that we are building a
media Company that could move from the OTCMKTS to NASDAQ in a few
years," says CEO Joseph Collins.
CONTACT: Joseph Collins
909.486.4742
Urban Network Television (CE) (USOTC:URBT)
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