Posted On: 11/15/2016 3:33:38 PM
Post# of 96892
$NTEK at triple support $0.02
OTC
The reverse split was completed in
July
.
We were able to eliminate over $1M in debt.
Our
goal was
to streamline funding for company operations and th
at has gone slower than desired;
however,
we
have worked
through
the issues and shou
ld see major improvement
this quarter
.
-
There have been ongoing negotiations with several
key
service providers.
The intention is to
dramatically reduce product delivery costs.
As of last week, we concluded negotiations
which
will
reduce delivery
costs for UltraFlix by
more than 75%.
Frankly, t
his was an all
-
consuming proc
ess but
will be a huge assist to achieving
our
profitability goals.
-
4K studios will be
a significant part of
our
strategy going forward.
With the proliferation of 4K
p
latforms entering the market, 4K content is needed by UltraFlix as well as other content partners.
We are focused
on ramping 4K studios activities significantly in Q4.
-
We will be sending a series of press releases in the
coming
weeks outlining pa
rtnership
opportunities, platform partner growth plans and content expansion for UltraFlix.
OTC
The reverse split was completed in
July
.
We were able to eliminate over $1M in debt.
Our
goal was
to streamline funding for company operations and th
at has gone slower than desired;
however,
we
have worked
through
the issues and shou
ld see major improvement
this quarter
.
-
There have been ongoing negotiations with several
key
service providers.
The intention is to
dramatically reduce product delivery costs.
As of last week, we concluded negotiations
which
will
reduce delivery
costs for UltraFlix by
more than 75%.
Frankly, t
his was an all
-
consuming proc
ess but
will be a huge assist to achieving
our
profitability goals.
-
4K studios will be
a significant part of
our
strategy going forward.
With the proliferation of 4K
p
latforms entering the market, 4K content is needed by UltraFlix as well as other content partners.
We are focused
on ramping 4K studios activities significantly in Q4.
-
We will be sending a series of press releases in the
coming
weeks outlining pa
rtnership
opportunities, platform partner growth plans and content expansion for UltraFlix.
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