IRVINE, Calif., Nov. 21, 2016 /PRNewswire/ -- Ubiquity, Inc. (OTCBB: UBIQ) (Ubiquity) a technology-focused media company, announced today that it is doing everything reasonably possible to file its financial statements and become current in its SEC filings. The company is working diligently to complete its filings as soon as possible.
"We understand the importance of timely filings and are doing everything within our means to complete our filings as soon as humanly possible. We are committed to the company and its shareholders and are looking forward to filing our financial statements and becoming current with the SEC," said Chris Carmichael, Chairman.
Ubiquity Inc. appointed Bola Ajere as an independent director to lead Ubiquity's Audit and Governance committee and ensure the company becomes current in its filings. Bola Ajere, a technology industry veteran, held management positions in three of the big four accounting firms. He served as Partner at Deloitte and Touche, Senior Manager at Ernst and Young, and Manager at PricewaterhouseCoopers.
"We believe that Bola, with his management skills, corporate governance expertise, and background in accounting, will help the company execute its current filings and will assist the company with timely filings in the future," stated Carmichael.
Based in Irvine, CA, Ubiquity is a vertically integrated, technology-focused media company. Ubiquity's robust portfolio of patents and intellectual property covering virtual, augmented, mixed and immersive reality as well as the Internet-of-Things. Ubiquity has developed an industry-leading, intuitive, immersive consumer experience for all web-based activity called the Sprocket. Ubiquity's intellectual property and unique cloud-based technology combines Mobile as a Service ("MaaS") with Software as a Service ("SaaS") to enable its customers to structure their content and data in a mobile cloud to deliver innovative user experiences to their multiscreen communities and audiences worldwide. Through Ubiquity Labs the company is leveraging an extensive portfolio of intellectual property spanning, immersive advertising, video compression, content distribution, e-commerce, and mobile applications to support the commercialization of new technologies. For more information, go to www.ubiquitycorp.com
FORWARD LOOKING STATEMENTS This news release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this news release, the words "estimate," "project," "belief," "anticipate," "intend," "expect," "plan," "predict," "may," or "should," and the negative of these words or such variations thereon or comparable terminology, are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the failure of the business strategy, the integrity of the Company's patents, proprietary intellectual property, and competition. The Company cautions that the foregoing list of risk factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events, including the risk factors set out in the Company's 10K/A for the year ended December 31, 2014. See the sections entitled "Risk Factors" in Ubiquity's quarterly and annual reports as filed by Ubiquity from time to time with the Securities and Exchange Commission. The Company has assumed that the material factors referred to above will not cause such forward-looking statements and information to differ materially from actual results or events.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.