Pure Broadcast Announces ESPN Contract Renewal, Succesful Launch Of Equity Private Placement
Aug 15, 2017, 08:00 ET
SALT LAKE CITY, Aug.15, 2017 /PRNewswire/ -- Pure Broadcast (ticker: PCST) today announced that the company had successfully renewed a broadcast support truck contract with ESPN for the 2017 College Football Season. This renewal extends the 5-year relationship Pure has enjoyed with ESPN, servicing their top tier CFB games of the week. Pure will provide a 53' foot broadcast support truck starting on September 1st with the West Virginia vs. Virginia Tech game at Fed Ex Field.
Pure also announced the successful launch of an equity private placement undertaken in April. To date, the company has successfully raised or and received commitments for over $400,000 in new equity capital, placing 2,000,000 restricted common shares at a price of .20 cents per share with accredited investors. The funds will be used to further Pure's goal of becoming a leading provider of mobile HD broadcast truck facilities. The offering will remain open and can be extended at the sole discretion of the company.
Headquartered in Salt Lake City, Pure Broadcast is a leading provider of broadcast support trucks and facilities providing service to the live sports broadcast industry.
This release contains forward-looking statements, which are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statement.
SOURCE Pure Broadcast
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