FORT MYERS, Fla., Dec. 21, 2015 (GLOBE NEWSWIRE) -- WhereverTV Broadcasting Corp. (OTC:TVTV), a leader in delivering Over the Top (OTT) subscription television services to a variety of devices including smartphones, TabletPCs, streaming media players, computers and connected TVs, announced today that it has officially engaged Hacker, Johnson & Smith PA to perform a formal audit of the company’s financials. WhereverTV previously announced the completion of its internal audit, the ratification of a detailed internal control policy, and the formation of its audit committee. Hacker, Johnson & Smith will commence the audit immediately and has targeted completion for February.
Hacker, Johnson & Smith PA is a firm of Certified Public Accountants founded in 1974 with offices in Tampa, Orlando and Miami/Fort Lauderdale. Hacker Johnson provides GAAP audits and accounting services in the eastern region to heavily regulated industries including: banks, property and casualty insurance companies, manufacturers, securities broker/dealers, employee benefit plans, and not-for-profit organizations. They are the leading provider of independent audit and tax services to privately held and publicly traded banks and financial institutions in Florida. Hacker, Johnson & Smith is registered with the Public Company Accounting Oversight Board (PCAOB) and is also a member of both the Center for Public Company Audit Firms and the Employee Benefit Plan Audit Quality Center sections of the American Institute of Certified Public Accountants (AICPA).
“Hacker Johnson & Smith is a professional and reputable regional firm with a long history of great performance. I look forward to a long working relationship with them," said Mark Knauf, Controller. “We’ve been working hard to structure the company to operate smoothly in an environment of strict compliance and open reporting. With our internal audit complete, the adoption of our internal control policy, and our certified audit underway, we look now to transition WhereverTV to a leading operating entity on our industry,” he added.
“This team has been extremely dedicated and diligent in restructuring the financial and accounting departments. Our goal is to establish a culture of fiscal responsibility, strict GAAP accounting compliance, Sarbanes-Oxley compliance, and industry best practices. Our growing team of corporate officers have established Internal Control policies and strict adherence to sound corporate governance. WhereverTV is now positioned to focus on the development of its multi-faceted business with tested reliance on its patented technology,” said Rene Morissette, the Chief Financial Officer.
“I also am very proud of this team and the hard work they are doing. WhereverTV is performing an audit of the financials to demonstrate our transparency and our dedication to public company compliance. We also intend to update our listing status and become designated as a fully reporting company at some point in the future,” said Edward D. Ciofani, the Chairman and CEO.
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 Fire TV, 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 and Amazon Fire TV 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.
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Source:WhereverTV Broadcasting Corporation