My guess is that this firm has no business plan, it has a thin management team with little or no success in media (Punch TV) and is somehow leveraging news releases to pump up the stock. A news release, as copied and pasted below, is highly unusual in that the firm mentioned Time Warner is not joint releasing the news release. No one from Time Warner is listed on the news release. Why not? My guess is that most companies don't issue a news release until AFTER the deal is done, not while it is being negotiated. Most large media companies would want to see financials of a company it is doing business with. Would you give this company any credit? My guess is Time Warner will not. So why issue a news release at all? URBT has nothing at all, and if the stock goes up .0001, existing stockholders profit and potential new ones come in at a higher price until the company crashes and burns.
It is also highly unusual that the CEO of a public company is providing information on a penny stock bulletin board. The SEC should investigate the insiders.
If you are a potential new investor - be careful. Do your due diligence on the CEO and a judgement against him in California: Hustle Zombie Productions vs Punch TV and Joseph Collins. He lost a lawsuit of millions of dollars for non payment of amounts owed, and another lawsuit called Westar Satellite Services vs Urban Television Network where URBT owes over one million dollars for non payment.
If you are a vendor be careful, if you are a potential investor be careful. Do your due diligence.
HOLLYWOOD, Calif., Sept. 8, 2015 (GLOBE NEWSWIRE) -- URBT has been in negotiations with Warner Bros. to provide urban programming for the network. As a part of the deal URBT Network, along with sister company Punch TV Studios, will have access to the Warner Bros. urban library. The deal comes in time for the Q1 2016 launch of the URBT Television Network (URBT).
Such shows as "Amos and Andrew" starring Samuel L Jackson, "The Cleaner" starring Cedric The Entertainer, and more than 200 hours of urban programming will be made available to the URBT Network (URBT) upon the completion of negotiations.
"This is a significant partnership for our company," says Joseph Collins CEO of URBT Network and Punch TV Studios, "Warner Bros. is a premiere brand. This partnership will give Warner Bros. additional distribution into markets they are not currently reaching, and this should make it easier for the URBT Network to attract television and cable affiliates. URBT Network is planning to launch into more than 60 million homes in Q1 2016 and this deal now positions our company to be a true competitor."
Industry veteran Mark Corcoran says, "A deal between Punch TV Studios, URBT Network and Warner Bros. (TWX) is going to be a game changer for those that may have any doubt that the URBT Network is going to be hot."
It is also highly unusual that the CEO of a public company is providing information on a penny stock bulletin board. The SEC should investigate the insiders.
If you are a potential new investor - be careful. Do your due diligence on the CEO and a judgement against him in California: Hustle Zombie Productions vs Punch TV and Joseph Collins. He lost a lawsuit of millions of dollars for non payment of amounts owed, and another lawsuit called Westar Satellite Services vs Urban Television Network where URBT owes over one million dollars for non payment.
If you are a vendor be careful, if you are a potential investor be careful. Do your due diligence.
HOLLYWOOD, Calif., Sept. 8, 2015 (GLOBE NEWSWIRE) -- URBT has been in negotiations with Warner Bros. to provide urban programming for the network. As a part of the deal URBT Network, along with sister company Punch TV Studios, will have access to the Warner Bros. urban library. The deal comes in time for the Q1 2016 launch of the URBT Television Network (URBT).
Such shows as "Amos and Andrew" starring Samuel L Jackson, "The Cleaner" starring Cedric The Entertainer, and more than 200 hours of urban programming will be made available to the URBT Network (URBT) upon the completion of negotiations.
"This is a significant partnership for our company," says Joseph Collins CEO of URBT Network and Punch TV Studios, "Warner Bros. is a premiere brand. This partnership will give Warner Bros. additional distribution into markets they are not currently reaching, and this should make it easier for the URBT Network to attract television and cable affiliates. URBT Network is planning to launch into more than 60 million homes in Q1 2016 and this deal now positions our company to be a true competitor."
Industry veteran Mark Corcoran says, "A deal between Punch TV Studios, URBT Network and Warner Bros. (TWX) is going to be a game changer for those that may have any doubt that the URBT Network is going to be hot."
