CASPER, Wyo., July 11, 2017 /PRNewswire/ -- Imagination TV, Inc. (IMTV) releases the following shareholder update:
To Our Shareholders:
It's been about 2 weeks since we hit the ground running and we have accomplished several key milestones. First, I know that shareholders are concerned about the Company's debt existing prior to me coming aboard and this is a Company priority. I understand the concern and I have successfully secured an amended note with respect to one note holder. I am attempting to negotiate new debt terms with other note holders.
We also plan on establishing new business units within the cannabis industry. We've introduced a cannabis industry text message service, 420-420; immediately thereafter we formally launched MJBBB.org, which is a web-platform allowing users to find, rate, and review cannabis-based businesses across the US. We will be including a new "strains" section that we're looking to complete and make live by the end of July 2017.
On July 7, 2017, we appointed Juan Areco as our Chief Operating Officer who is a valuable asset to our business model. Mr. Areco has been working closely with our developers to build out the 808hitz.com platform.
Joseph S Sirianni
Chief Executive Officer
Imagination TV, Inc.
Safe Harbor for Forward-Looking Statements:
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 shareholder update should be construed as any indication whatsoever of the Company's future financial performance, future revenues or its future stock price. Further, this is no assurance that the Company will be successful in the business plans described 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.
Phone: (307) 201-0602
SOURCE Imagination TV, Inc.