LOS ANGELES, Aug. 3, 2015 /PRNewswire/ -- Loton, Corp. (OTC: LIVX; formerly OTC: LTNR), announced today that it intends to change its corporate name to LiveXLive, Corp. In addition, the company's ticker symbol has been changed to "LIVX" effective immediately.
The company said the corporate name change reflects the company's mission to become the leading platform for streaming music content to a global audience across all digital platforms.
In connection with this change:
- On June 30, 2015, Loton, Corp (the "Company") submitted an OTC Voluntary Symbol Change Request to the Financial Industry Regulatory Authority, Inc. ("FINRA").
- On July 23, 2015, the Company received approval from FINRA to change its OTC Symbol from "LTNR" to "LIVX".
- The OTC Symbol Change is effective on the OTC market. The Company's CUSIP number was not affected by this change.
About Loton, Corp. (OTC: LIVX formerly OTC: LTNR)
Loton Corp. (LIVX.OB) is a parent company in the emerging live / digital music space. The company's LiveXLive subsidiary is the world's first premium live music streaming network that will deliver around the clock live music to viewers on any connected device as an authentic and experiential platform. The platform will offer the world's leading music festivals with multi-day and multi-stage coverage, unique concerts, intimate performances and cutting edge programming. We will extend the live experience to fans on desktop, laptop, mobile, tablets, consoles, connected TVs and virtual reality platforms. The LiveXLive network will provide compelling and curated content that showcases the entire spectrum of music to include music inspired fashion, food, and lifestyle content and showcase interviews, backstage access and both fan and artist perspectives. LiveXLive will feature all genres of music including rock, pop, indie, alternative, EDM, country and feature major festival headliners as well as emerging artists performing at clubs and venues around the globe. The company's KOKO subsidiary (50% owned) is a premier multimedia and lifestyle brand and one of London's iconic live music venues. KOKO is internationally renowned for delivering over 250 live music events per annum for the past ten years and streaming live music to more than 300 million viewers in 70 countries around the globe.
Statements in this news release concerning future results from operations, financial position, economic conditions, product releases and any other statement that may be construed as a prediction of future performance or events are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements. These factors include uncertainties as to levels of orders, ability to record revenues, release schedules, market acceptance of new products, changes in economic conditions and market demand, pricing and other activities by competitors, and other risks including those described from time to time in the Company's filings on Forms 10K and 10Q with the Securities and Exchange Commission (SEC), press releases and other communications.
SOURCE Loton, Corp.