CENTURY CITY, Calif., Dec. 22, 2015 (GLOBE NEWSWIRE) -- Below we list our Milestone Goals for the Syris ® Hovercar and our SmartRink Hoverink ® goals for 2016-2018. We also list our Milestone Goals for the Space Watch Orbital Satellite which uses a third party Hosted Payload Service Provider to host a Hologram Advertising Payload which Displays Holographic Images From Space. We have applied for ownership of the Trademark “ Space Watch ” (Serial Number 88613239) Satellite Communications Systems and intend to generate free cash flows from advertisers utilizing an Orbital Advertising Platform which can Broadcast Holographic images from Space using a third party Hosted Payload Service Provider.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/Attachm...cd89846540
A video accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/Attachm...cf75626be8
On September 2, 2015, the United States Patent and Trademark Office issued a Notice of Publication, in accordance with Section 12(a) of the Trademark Act of 1946, as amended, for Hoverink International Holdings’ Trademark Application for Name and Use of the mark Hoverink ® , Serial Number – 86613235, which covers our logo and the “Hoverink” slogan for Hoverink. The USPTO additionally issued a Notice of Publication for our Trademark Application for Name and Use of the mark Syris ® , Serial No.: 86-613,236 on the same day. We applied for ownership of the Trademark “Space Watch” (Serial Number 88613239) on April 29, 2015.
We achieve our Hovering for entertainment via the Syris ® Hover Car or our Hoverink ® Hover Boards Milestones when we:
(1) Ascertain funding for our Structural Engineering and Architectural/Construction Phase. The Hoverink provides the components needed to create a universal hover height modulation program which moderates and creates a universal Hovercar and Hoverboard hover height. (b) the Hoverink can also create a while hovering calculated and calibrated braking anomaly. (c) We have protocols or trade secrets that create a while Hover Steering and calibrated braking anomaly. (d) At Hoverink we have created a universal hover height modulation program which moderates and creates a universal hover height for the Syris ® Hovercar and Hoverink ® Hoverboards.
(2) Our critical Space Watch Satellite Advertising Payload milestone occurs when our Advertising Payload is both; Engineered and Manufactured and finally Hosted by a Hosted Payload service provider. Our additional critical Milestone occurs when the FCC issues a broadcast license preferably over our preferred Orbital Arc. With this Orbital Advertising Platform via the Orbital Satellite; Space Watch we can display holographic images of brands from an orbital satellite. The most valuable Orbital Arc is over North America 60 and 135 degrees. We intend to generate free cash flows from advertisers utilizing the Space Watch Orbital Advertising Platform. The anticipated timeframe to complete this milestone is 2018.
“ Space Watch ” Satellite Communications Systems; (Serial Number 88613239)
We will have expenditures associated with having our payload hosted and those expenditures may be excessive. We must ascertain funding to have a Hologram Advertising Payload Hosted on a satellite creating an Orbital Advertising Platform. Using a third party Hosted Payload Service Provider we can display our advertisers brands from an orbital satellite using an Holographic Advertising Payload. We must ascertain a suitable amount of capital and believe being publicly traded will greatly assist us in either future debt or equity offerings. Our anticipated expenditures and the expected sources of such funding which all consist of raising funds via the sale of equity or debt. The anticipated timeframe to complete these milestones is 2016-2018.
Broadcasting Holographic images via our Space Watch Satellite; using Holographic broadcasted images from space is subject to the jurisdiction of the FCC pursuant to the Communications Act .
The Communications Act empowers the FCC, among other actions, to issue, renew, revoke and modify broadcasting licenses including Broadcast Holography; regarding Television / Radio and, the FCC determine fines, the FCC also determine stations’ frequencies, locations and operating power; We anticipate rigorous regulations regarding our Space Watch Orbital Advertising Platform; the FCC determine fines and may adopt other regulations to carry out the provisions of the Communications Act and other laws, including requirements affecting the content of broadcasts; and to impose penalties for violation of its regulations, including monetary forfeitures, short-term renewal of licenses and, in egregious cases, license revocation or denial of license renewals. We expect to be subject to the same enforcement of all FCC rules. We must apply for broadcast privileges over the states and jurisdictions in which our Space Watch Satellite assigned Orbital Arc is broadcast over. The states and jurisdictions in which we broadcast holography over from space are subject to the discretion of the FCC pursuant to the Communications Act.
Hoverink International Holdings, Inc.
About Us - Hoverink is an indoor Hover Park that features our Syris ® Hover Car and our AHoverink ® Hover Boards. The Company is focused on the development of its Hoverink smart rink, which is provided with the Hoverink user’s height and weight differentials and their Hoverink flight is calculated and calibrated by the Hoverink ® smart rink. The Company is focused on the development of its Orbital Satellite Advertising Platform from Space. We are an emerging growth company as defined in Section 2(a) (19) of the Securities Act; our business plan discusses our services as Hovering for entertainment via the Syris ® Hover Car or Hoverink ® Hover Board, and our Holographic Advertising Platform within our Hoverink indoor hover parks. The Company plans to build Hoverink Entertainment centers featuring Hoverink ® Hover boards and Syris ® Hover Cars and generate revenues from the sale of Hover Time, prepaid rents from restaurants and from our indoor Hoverink advertisers who purchase Hologram Advertising packages within Hoverink.
Orbital Advertising Business Model - The company also intends to generate advertising revenues by the sale of advertising packages to advertisers seeking to display their brand names in Holographic image form from an Orbital Satellite, using preferably a Hosted Payload Service Provider who hosts our Space Watch Orbital Advertising Platform. The SPACE WATCH Satellite can display or advertise our client’s brand names in hologram form from space for billions of people to see from Earth while completing low and medium earth orbits. The most valuable orbital arc is over North America 60 and 135 degrees. We generate revenues from the sale of Hologram Advertising packages on our orbital advertising platform. We are subject to FCC approval of broadcast holography over the United States, and furthermore subject to compliance with The Communications Act.
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