CASPER, Wyoming, April 9, 2018 /PRNewswire/ --
Imagination TV, Inc. (OTC PINK: IMTV) is pleased to announce that on April 8, 2018 it secured a funding commitment of $265,000 (the "Funding") from a private investor, which funding requires that the Company will use all the funding proceeds to develop their business in the live event space, including production of a live event within the next 90 days. The Funding was secured via one executed note of $125,000 (which funds the Company has already received) and a $140,000 note that will be executed during the 1st week of May 2018. Both notes require a minimum one-year hold.
Juan Areco, Imagination TV's CEO commented: "I have spent my entire life within the music & entertainment industry. To be given the opportunity to aggressively enter the live event space with real capital and producing great live events positions us to expand our business in the music and entertainment sector."
About Imagination TV Inc.
Imagination TV Inc. is a media and entertainment company with a focus on the Marijuana, Music & Live Event industries. The Company's operations are directed by its CEO, Juan Areco. Juan Areco has over 25 years of experience in the music industry, was born and raised in Miami, FL, and has worked with acclaimed artists such as JT Money, Anthony Hamilton, Billy Blue and Tony Galvin. He also has managed operations in the renowned music studios, Circle House Studios and Studio Center.
Statements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company's future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.
SOURCE Imagination TV, Inc.