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Innovative Social Media Apps and Virtual Reality Platforms Draw in New Users - Company To Develop New Virtual Reality Platform for Facebook's Oculus Rift


News provided by

FN Media Group, LLC

Jul 29, 2014, 08:50 ET

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CORAL SPRINGS, Florida, July 29, 2014 /PRNewswire/ --

Technology sector fueled by evolving social media landscape, company announces significant acuisition: Next Galaxy Corp. (OTC: WILS), Facebook Ink. (NASDAQ: FB), Microsoft Corporation (NASDAQ: MSFT), Sony Corporation (NYSE: SNE) and LinkedIn Corporation (NYSE: LNKD)

Next Galaxy Corp. (OTCQB: WILS), a leading technology and content solutions company developing dynamic, innovative experiences for consumers, is pleased to announce that it has entered into an agreement with EON Reality to create CEEK - a fully immersive and interactive social virtual reality platform (http://www.ceek.com/) that simulates the communal experience of being at a movie, music concert, sports game, museum, business conference or meeting, spectator event or travel destination. The CEEK platform is being developed for the Facebook (NASDAQ: FB) owned Oculus Rift with support for other head mounted displays such as the ZEISS Cinemizer and Sony's (NYSE: SNE) Project Morpheus.

EON Reality, the world's leading provider of Virtual Reality software, systems and applications, will provide software and turnkey VR development to be integrated into the CEEK platform in order to enable a fully interactive Social Virtual Reality experience for CEEK users. The relationship with EON Reality provides deep access to the framework in order to create custom features that extend the functionality of the core EON Reality software.EON Reality will also offer CEEK operational oversight, ongoing support and updates, as well as EON's SDK and EON's communication suites that enable communication between virtual environments.

To read the full press release, please click here

"Next Galaxy's CEEK platform is very exciting with the potential to change the social media landscape," stated Mats W. Johansson, CEO of EON Reality Inc. "We're very happy to be part of this forward-looking venture and can now see the Social VR future very clearly with CEEK."

Facebook Ink. (NASDAQ: FB) recently reported financial results for the quarter ended June 30, 2014. "We had a good second quarter," said Mark Zuckerberg, Facebook founder and CEO. "Our community has continued to grow, and we see a lot of opportunity ahead as we connect the rest of the world." Some of the highlights include: Daily active users (DAUs) were 829 million on average for June 2014, an increase of 19% year-over-year. Mobile DAUs were 654 million on average for June 2014, an increase of 39% year-over-year. Monthly active users (MAUs) were 1.32 billion as of June 30, 2014, an increase of 14% year-over-year. Mobile MAUs were 1.07 billion as of June 30, 2014, an increase of 31% year-over-year. To read the full report, please click here: http://finance.yahoo.com/news/facebook-reports-second-quarter-2014-200500433.html

Microsoft Corporation (NASDAQ: MSFT) recently announced that its Microsoft Software & Systems Academy (MSSA), a 16-week program that provides IT training to eligible U.S. active-duty transitioning service members, is now operating at Camp Pendleton in California and Fort Hood in Texas. The program was first launched in 2013 at Joint Base Lewis-McChord in Washington, where a third class is now benefiting from the program. With the addition of Camp Pendleton and Fort Hood, the MSSA is now assisting transitioning service members at two of the five largest military installations in the country, as well as the major Marine Corps base on the West Coast. With the expansion, nearly 90 service members are benefiting from or have already completed the MSSA.

Sony Corporation (NYSE: SNE) recently announced that Sony Pictures Entertainment has brought together an extraordinary number of iconic video game companies, whose classic characters - including PAC-MAN, Donkey Kong, Centipede®, Galaga, Frogger, Q*bert, and Space Invaders - will be featured in the highly-anticipated action comedyPixels, starring Adam Sandler, Kevin James, Michelle Monaghan, Peter Dinklage, Josh Gad, and Brian Cox, and directed by Chris Columbus.  The film will be released on May 15, 2015. In Pixels, when intergalactic aliens misinterpret video-feeds of classic arcade games as a declaration of war against them, they attack the Earth, using the games as models for their various assaults.  President Will Cooper (James) has to call on his childhood best friend, '80s video game champion Sam Brenner (Sandler), now a home theater installer, to lead a team of old-school arcaders (Dinklage and Gad) to defeat the aliens and save the planet.  Monaghan plays the team's unique weapons specialist.  The action-comedy is directed by Chris Columbus from a story by Tim Herlihy and a screenplay by Tim Herlihy and Timothy Dowling, based on the original short film of the same name by Patrick Jean.

LinkedIn Corporation (NYSE: LNKD), the world's largest professional network on the Internet with more than 300 million members worldwide, recently announced that it has entered into an agreement to acquire Bizo, a leader in business audience marketing. Bizo offers technology and products that enable measurable display and social advertising programs specifically focused on professional audience segments. Based in San Francisco, CA, Bizo was founded in 2008 by Russell Glass, Bryan Burdick, Donnie Flood, Mark Dye, Lee Byrne and Yonatan Stern. The transaction is valued at approximately $175 million, subject to adjustment, in a combination of approximately 10 percent stock and approximately 90 percent cash. Subject to the completion of customary conditions, the acquisition is expected to close during the third quarter of 2014.

FinancialNewsMedia.com is leading provider of third party publishing & news dissemination services. If you would like more information regarding our news coverage solutions, please visit http://www.financialnewsmedia.com for more details.  Get an edge on the market with our Premium News Alerts that are FREE for a limited time at http://www.financialnewsmedia.com/. Follow us on Facebook: http://www.facebook.com/financialnewsmedia and Twitter: http://twitter.com/FNMgroup. 

DISCLAIMER:  FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNMG is NOT affiliated in any manner with any company mentioned herein.  FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNMG is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNMG has been compensated one thousand four hundred dollars for news coverage of the current press release issued by Zoned Properties, Inc. by the company.

FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.

Contact Information:
Company:  FN Media Group, LLC
Contact email:  [email protected]
U.S. Phone: +1-954-345-0611
URL: http://www.financialnewsmedia.com

SOURCE FN Media Group, LLC

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