"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, this was an all-consuming process 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 platforms 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 partnership opportunities, platform partner growth plans and content expansion for UltraFlix."