KSIX Media Holdings (OTCBB:KSIX) has announced a shareholder update from its CEO, Carter Matzinger.
As quoted in the press release:
I am excited to communicate that KSIX has made significant progress in the merger transaction with True Wireless and growing our core media business. I am also pleased to report, as notified in a recent 8k, we have selected new auditors in an effort to expedite all of our OTC filing requirements. This past Friday, we published a pre 14C to increase the authorized shares from 100m to 500m. This is a necessary step in our strategic plan for near future expansion and acquisitions.
Regarding the True Wireless acquisition, True Wireless CEO Brian Cox stated: “I feel we are literally just a few days away from having a signed equity contract. I have already engaged Roderfer, Moss and Co, PLLC to complete the precondition 2 year audits for closing. From an industry standpoint, the FCC recently posted an increased budget for the lifeline/broadband program at $2.2B for 2018. Internally, True Wireless was just under $1.2M revenue for June. There is palpable energy and momentum within our team and we are ready for the tasks ahead.”
As KSIX continues to grow, to better engage and inform our shareholders regarding our expansion activities, we are setting up new correspondence through email, video and social updates. All communication will be readily available on the Ksixmedia.com website so please check it often and sign up for instant alerts, updates and video events.