WINCHESTER, Virginia, January 9, 2017 /PRNewswire/ --
CableClix (USA), Inc. OTCMarkets: (CCLX) announced today that it has been made aware of and requested by the OTC Markets Group, Inc. to comment on recent trading and promotional activity concerning CCLX common stock.
On January 5, 2017, OTC Markets informed the Company that it became aware of certain promotional activities concerning CableClix and its common stock. OTC Markets informed the company that it had received copies of promotional newsletter emails encouraging investors to purchase the Company's common stock. The Company has been informed that this promotional activity coincided with higher than average trading volume in the Company's stock. The Company was unaware of the promotional activity until informed by OTC Markets and is unaware of the full nature and content of this promotional activity, the responsible parties and the extent of the email newsletters' dissemination.
CableClix states definitively that the Company, its officers, directors and, to the Company's knowledge, its controlling shareholders (i.e., shareholders owning 10% or more of the Company's securities) have not, directly or indirectly, authorized or been involved in any way (including payment to a third-party) with the creation or distribution of promotional materials including these email newsletters; and that the Company, its officers, directors and, to the knowledge of the Company, any controlling shareholders, have not sold or purchased the Company's securities within the past 30 days other than as specified below.
"The Company is not aware of the promotional materials' author or its affiliated entities or persons. The Company's recent press releases have reported on and provided disclosure of legitimate and ongoing corporate activity only, and are not part of any promotional activities or campaign," stated Kris Domich CEO of CableClix. The Company encourages those interested in the Company to rely solely on information included in its press releases combined with its filings and disclosures made with OTCMarkets Group. The Caveat Emptor warning is mandated for 30 days, wherein a review by OTCMarkets shall take place to decide on its removal. The company is determined to take appropriate measures in this time to satisfy without delay, any and all concerns which brought on the label. We thank OTCMarkets for their openness and consideration to the investors of CableClix.
The Company would also like to clarify that Global Discovery Group (GDG) and the Company agreed to end their arrangement with no past or present obligations to each other, as of November 30th 2016. GDC is in the business of providing consulting and marketing services for private and public corporations. The engagement was announced back in September 2015. "We appreciate the dedication and professionalism of the GDC leadership during our previous agreement. CableClix wishes the entire GDC team nothing but success in all of its future endeavors.", Kris Domich remarked.
Regarding the press release of December 21, 2016, the company would like to correct the quote from Mark Bayliss, Chief Technology Officer and Founder of CableClix, added: "The planned CableClix lineup expects to include all available local (OTA) channels and network affiliates such as ABC, NBC, CBS and FOX. Network affiliate participation may vary from market to market. The benefits to the local affiliates of the big broadcasters are substantial. Subscribers can expect dozens of channels to choose from and some markets there may have 45 channels or more. Well known TV Specialty Channels like Reuters, PBS, and QVC and other (OTT) streaming content providers like NETFLIX, Hulu, and Amazon Prime or HBO Select can also be added."
CableClix, Inc. was formed in 2013 to be a leading provider of high definition streaming television over broadband connections. Our goals remain as they were at our inception; deliver quality television programming in high and ultrahigh definition, including local network content, directly to the local consumer, on nearly any device, at any time.
This presentation contains forward-looking statements which relate to future events or CableClix's future performance or financial condition. Any statements that are not statements of historical fact (including statements containing the words "believes," "should," "plans," "anticipates," "expects," "estimates" and similar expressions) should also be considered forward-looking statements. These forward-looking statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as result of a number of factors, including those described from time to time in CableClix's filings with the Securities and Exchange Commission. CableClix undertakes no duty to update any forward-looking statements made herein.
SOURCE CableClix (USA), Inc.