Moving forward, Mr. Foley will be implementing a go forward strategy which
should not only bolster shareholder confidence, but help propel the company into
even more significant accomplishments this quarter and entering into 2016.
Some of the short term goals include:
- Working with financial consultants to define and implement a recapitalization
plan that will substantially reduce debt early in 2016.
- Continue to expand the movie catalog including the addition of more major
studio catalogs, original content, live events, and exclusive offerings
- Expand exclusive vertical channel offerings such as Armada TV and the San
Francisco 49ers channels
- Continue to add new platforms and devices including Apple TV
- Identify acquisition targets in both the content and technology sectors to
accelerate growth
- Establish regular communications and updates to shareholders every month
- Work with new strategical consultants to help implement organizational,
staffing, communication, and technology strategies for continued growth