Xumanii™ (Xumanii or the "Company") (OTCQB and Pinksheets: XUII) Proudly Announces the Acquisition of a Master License to a Cutting-edge Intellectual Property Portfolio in the Multi Billion Dollar Live Stream Marketplace that will give the Company a Significant Advantage Over Existing Platform
CARSON CITY, Nev., May 2, 2013 /PRNewswire/ -- Xumanii™ (the "Company") (OTCQB: XUII), a company that has developed proprietary technology capable of broadcasting live events in HD wirelessly from multiple cameras at events for an extremely low production cost, announces today that the Company has acquired the master license to a cutting-edge IP portfolio that will significantly enhance the Company's current platform technology. The Master License agreement allows Xumanii access to technology that can significantly enhance the bitrate at which video is uploaded and broadcast through its platform. "The rapidly expanding, multi billion dollar live stream market is highly competitive and technologically advanced so acquiring this intellectual property was key to maintaining and boosting our edge over the competition," said company President Alex Frigon. He went on to say that, "The average American family watches over 5 hours a day of video content. Currently, the online video market is a one-way push model that is grossly inefficient. We believe that we can combine streaming video and e-commerce on our platform by introducing products that accompany content. Adding to that fact is that our platform can be viewed globally so our reach can be enhanced by a huge multiplier." The XUMANII team and I look forward to announcing the upcoming lineup of talent that will be able to be viewed "live' on our platform. Please log in regularly or sign up on our website at www.xumanii.com to receive notices of upcoming live events.
Xumanii™ is an all-inclusive online platform that provides users the opportunity to create a "Live Broadcast" in true High Definition. Xumanii™'s new, patent pending technology integrates proprietary hardware and software wirelessly, streaming live feeds from multiple cameras in High Definition Audio/Visual with capabilities of up to 10 Megabites per seconds. This technology integrated Hardware and Software allows for the highest quality "live broadcast" without the exorbitant expenditure of traditional methods currently used in the marketplace via the respective Artist's Channel on Xumanii.com. The Company's technology can also be provided to each Artist allowing them to broadcast any event in which they feel that they would like their fans to be a part of.
Safe Harbor Statement
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
XUII Investor Relations