NEW YORK, April 26, 2017 /PRNewswire/ --
Viva Entertainment Group, Inc. (OTC SYMBOL: OTTV), the developer of innovative OTT systems through which television services and content is delivered using the Internet mobile and web based platforms is pleased to announce the signing of the distribution and strategic partnership agreement with Triad Wireless, a manufacturer and operator of the integrated systems that range from providing Internet for commercial and residential clients at competitive prices that break the digital divide and the cable monopolies, offer speeds not available to users of DSL or satellite, provide extreme Internet connectivity anywhere in the world, including third-world countries and safeguard a critical nationwide infrastructure in locations such as airports and municipal water systems.
Under terms of this agreement, Triad Wireless agreed to deploy, market and distribute Viva's OTT content, products and services to its commercial and residential clients. Triad Wireless and its affiliates have a nationwide distribution network that delivers an Internet connectivity services to over 3 million homes and now will have access to all Viva Live OTT services including movie rentals, radio and an international pay per view programs such as concerts and sports events.
Viva Entertainment Group's CEO, Johnny Falcones comments, "This strategic alliance provides Viva with the access to the Triad Wireless's extensive network of commercial and residential clients which can potentially result in generating over $140,000,000 (140 million dollars) revenue stream, consisting of monthly subscription fees, advertising fees and movie rentals. This agreement will speed up the introduction and adoption of the Viva OTT platform nationwide. Personally, I would like to congratulate Triad Wireless on launching the first in the world, 200 Mbps commercial and residential Internet service and look forward to working closely with Triad Wireless in order to realize the full potential that this partnership and collaboration presents for both companies. This is a key milestone in terms of Viva's content and product distribution strategy, market expansion, technology validation and creates a direct path to the significant revenue stream."
About Viva Entertainment Group, Inc:
VIVA Entertainment Group, Inc. is a global entertainment and technology company, connecting content providers and video distributors to deliver premium content over any smart device with a screen. Viva has developed a patent pending OTT system through which television services are delivered using the Internet protocol suite over a network such as the Internet, instead of being delivered through traditional terrestrial, satellite signal and cable television formats. Viva, your entertainment partner, provides subscribers access to the content they want anywhere, anytime. With a WiFi connection our customers can watch Live TV from around the world, TV shows, as well as movies on demand, tele-video conference and many other interactive features. Independent and major film studios, television networks, telecoms, cable companies, and emerging ISPS chose to partner with Viva to offer enhanced capabilities in multi-platform video distribution. The only true end-to-end provider of premium content technology services, VIVA looks to license and deliver to traditional and OTT video distributors across the world. VIVA is a publicly traded company under the stock symbol OTTV. For more details, please visit our web at www.vivagroup.tv.
About Triad Wireless, Inc:
Triad Wireless invents next-generation designs by testing new and developing products and creating innovative methods of utilization. Company's 13 years of combined engineering and operational experience has resulted in multiple deployments that set a new standard for price, performance and client satisfaction. In the last few years, Triad Wireless has developed the next generation residential and business Internet services that set all-new standards in speed and affordable pricing structure. This unique technology, developed by Triad Wireless has come from partnering and working closely with manufacturers that design products that are focused on enhancing our engineer models. Triad Wireless's deployments include World Market Center in Las Vegas, the Stratosphere Casino, RV Parks, Airports, SCADA Systems, Traffic Control Systems and many City-Wide Video surveillance systems. For more information about the company, please visit http://triadwireless.net.
The aforementioned statement should be read in conjunction with the company's period filings made with the Securities and Exchange Commission.
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, and various other factors beyond the Company's control.
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SOURCE Viva Entertainment Group Inc.