SALT LAKE CITY, February 23, 2017 /PRNewswire/ --
Motion Entertainment Group, Inc. (USOTC: COBI) formally announces its strategic launch into the underserved, fragmented and growing indie music market. 21st Century music technology innovations such as Napster and Apple's GarageBand APP, famously introduced by Steve Jobs and John Mayer at the 2004 Macworld Conference and Expo in San Francisco, have evened the playing field between amateur, indie and professional musicians when it comes to producing and distributing music. While online software empowered all musicians to be able to record and publish like pros, the market for technology to enhance the actual instruments has been overlooked - until now.
Motion Entertainment has evolved from the company formerly known as Compass Biotechnologies - hence the "COBI" ticker symbol. An official name change and ticker symbol change are in the works.In the meantime, Motion Entertainment has already made substantial headway bringing world-famous John "Jack" Johnson on board to launch Magic Trix, Inc., one of several planned music industry subsidiaries.
Mr. Johnson is the founder of DigiTech, Inc. which was later acquired by Harman International Industries, Inc. Mr. Johnson is well known in the guitar world as the creator of the first digital-delay pedal, digital-reverb pedal, multi-effects rack-mount processor, multi-effects floor controller, pitch-bending pedal and polyphonic vocal effects. Mr. Johnson will continue to serve Magic Trix as the lead consultant for all aspects of the business, including product development and global distribution. Mr. Johnson brings all of his intellectual property, products, technology and relationships to Motion Entertainment.
Motion Entertainment recently announced the launch of its 2017 amplifier range, a revolutionary product line that will hit the consumer markets coinciding with Summer NAMM 2017. The line has been in development for over a decade, and is designed to deliver portability and power for both the emerging and established musician.
This is the first of a number of formal announcement regarding the Company's launch into the music industry with an estimated market value of almost $7 billion. The Company plans to publish an online strategic business plan overview next week. Keep an eye out for a coming press release on the online, on-demand strategic business plan.
Stay up to date with all Motion Entertainment news and events at:
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing, and regulatory and shareholder approval for anticipated actions.
Steven Smith, Interim President
Motion Entertainment Group Inc. fka Compass Biotechnologies Inc.
SOURCE Motion Entertainment Group, Inc