PITTSBURGH, Pa., Oct. 13, 2015 (GLOBE NEWSWIRE) -- WhereverTV Broadcasting Corp. (OTC:TVTV), an emerging leader in delivering Over the Top (OTT) live-streaming music events and subscription television services to internet connected devices announced today that is in final stages of forming a new subsidiary for operations in Mexico, and is now pursuing business in and for Spanish-speaking countries and consumers. The Mexican subsidiary is incorporated as WTVL SA de CV but will be branded as WhereverTV Latino. WhereverTV’s Board of Directors recently approved: the incorporation of the Mexico based subsidiary, the appointment of a Board of Directors for the subsidiary, the appointment of Jack Feldman as Director of Business Affairs in Latin America, the opening of a corporate office in Mexico City, the application for patent of its Interactive Program Guide, the pursuit of Trademark protection, and the development of its WhereverTV Latino website and mobile app. WhereverTV Latino has already commenced operations and has initiated high level negotiations in pursuit of content and other partnerships.
“Spanish speaking consumers constitute one of the largest market opportunities globally. We have officially established offices in Mexico City to demonstrate our commitment to develop this market for OTT subscription services. Our service will be portable, personalized, affordable and, with the right content partners, a very desirable product for Latinos anywhere,” said Edward D. Ciofani, CEO of WhereverTV. “The Spanish Population is by far one of the largest users of mobile and smart devices and we are excited to have the relationships we do within the country of Mexico to open these opportunities.”
Jack Feldman conducted research and solicited indications of interest from potential partners and content providers for several months before presenting a plan to the WhereverTV Board of Directors resulting in the creation of WhereverTV Latino. “I have spent a better part of 20 years in the broadcasting industry within Mexico. And I feel developing and expanding the OTT market is absolutely the future for Mexico and all of Latin America,” said Jack Feldman, WhereverTV Board Member and Director of Business affairs in Latin America.
About WhereverTV Broadcasting Corporation (Symbol: TVTV)
Founded in 2007, WhereverTV is the next generation subscription television service providing consumers with live-streaming, genre-specific, and in-language viewing choices from around the world, delivered to anywhere in the world, and through any internet enabled device. Programming is identical to existing broadcast and distribution providers with the only differences being that the broadcast signals are accessed through the internet via an over the top (OTT) platform, and channel management is handled by company’s patented Interactive Program Guide (IPG) technology. WhereverTV provides an economically beneficial and completely versatile alternative to traditional cable and satellite services, with the added benefits of personalization and portability. Also known as Internet TV, WhereverTV delivers these same channels, shows and events to SmartTVs and digital media receivers including: GoogleTV, AppleTV, Roku, Amazon FireTV, iPhone, iPad, iPod Touch, Droid Smartphone, and TabletPCs. The WhereverTV platform enables subscribers to access licensed and free-to-air content across these devices with the IPG across unlimited geographies, and wherever there is internet connectivity. The customer viewing experiences are based on customer location (geo-targeting) and content-rights management (subscriptions). Current in-language subscription offerings include Arabic TV, French TV, Italian TV, and Moroccan TV. Current genre specific subscriptions include NEWS channels, faith based channels and more. Apps are presently available for free in App Stores for iOS (Apple), Android, GoogleTV and Amazon FireTV devices. DVR functionality to record your shows and view later is presently in the works. Licensed US TV content subscriptions will be available in 2015. Please visit: www.wherever.tv, for more info.
This news release contains forward-looking statements, which may not be based on historical facts. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. Except as required by applicable securities laws, the Company disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments.
Source:WhereverTV Broadcasting Corporation