IRVINE, Calif., June 9, 2016 /PRNewswire/ -- Ubiquity, Inc. (OTCBB: UBIQ) ("Ubiquity" or the "Company"), a vertically integrated, technology-focused media company, announced it has appointed industry veteran Nicholas Mitsakos as CEO of Ubiquity, Inc.
Mitsakos is a technology industry leader and investment veteran, starting his investment career at Goldman Sachs. Mitsakos began his business career as the Founder of General Computer Corporation, which was sold to Atari. Mitsakos received an MBA from Harvard University and a B.S. from the University of Southern California in computer science and microbiology
Mr. Mitsakos currently manages an investment fund focusing on public securities. He has acquired or invested in over 40 companies in the U.S., Asia and Europe, and has managed over $3 billion in capital for these transactions. Mitsakos has served as either a director or advisor to each company, working closely with management, the board of directors and other investors. Nick Mitsakos currently serves as the Co-Chairman of Ubiquity, Inc. and has worked closely in the past with its Board of Directors and Officers. He serves as an active Advisor to several well-known technology and pharmaceutical companies and has served as the Director and founding Chief Executive Officer at multiple companies.
As a part of the company's corporate restructuring plan, Nick Mitsakos the current Co-Chairman has been appointed Ubiquity's interim CEO. Ubiquity's current CEO and Co-Chairman, Chris Carmichael will continue to serve as Chief Creative Architect leading the company's technology design, media design, branding, and product design.
"As Ubiquity executes its corporate restructuring plan and our virtual technology platform expands into Augmented and Virtual reality and Holography, I look forward to focusing on my role as Chief Creative Architect," said Carmichael. "Nick has the background and ability to take Ubiquity into the ever expanding technology industry and the new market segments of virtual reality, holography, augmented reality, and expand the revenue opportunities."
"I'm excited to work in partnership with Chris Carmichael to develop, enhance and expand the company's products to capture the growing opportunities in virtual and augmented reality, along with Ubiquity's other exciting technology platforms, leading Ubiquity's business into these emerging technology markets. We began our restructuring plan with the spinning off the Companies studios into its own dedicated business unit. Ubiquity is focused on its revenue opportunities in the virtual technology platform and Sprocket platform, while also developing the independent creation of virtual content," said Mitsakos. "I look forward to working in close partnership with our Chief Creative Architect and driving this business into its next successes."
About Ubiquity, Inc. (OTCBB: UBIQ)
Based in Irvine, CA, Ubiquity is a vertically integrated, technology-focused media company. Ubiquity is focused in five specific areas with a robust portfolio of patents and intellectual property. The Company has developed an intuitive user interface making access to all content from any device in a simple, consistent format. Ubiquity enables the search and identification of any object and image in all video and digital media and has developed a platform for mobile transaction including the integration of payments, money transfers, coupons and gifts. Ubiquity has also developed an industry-leading, intuitive, immersive consumer experience for all web-based activity. Finally, the company allows for the personalization of all content, whether public or private, in a unique accessible way. Ubiquity's intellectual property and unique cloud-based technology combines Mobile as a Service ("MaaS") with Software as a Service ("SaaS") to enable its customers to structure their content and data in a mobile cloud to deliver innovative user experiences to their multiscreen communities and audiences worldwide. Through Ubiquity Labs the company is leveraging an extensive portfolio of intellectual property spanning Web 3.0, immersive advertising, video compression, content distribution, e-commerce, and mobile applications to support the commercialization of new technologies. In addition, Ubiquity intends to pursue strategic licensing opportunities. Ubiquity, Inc. owns 51% of Sprocket Hong Kong Ltd., and receives 60% of the revenue generated from Sprocket HK Ltd. For more information go to www.ubiquitycorp.com
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SOURCE Ubiquity Inc.