INMG .0139 ^18% Redeems Series B Preferred Shares All

New Post Public Reply Private Reply Replies (0) Message Board
FLA
37
INMG .0139 ^18% Redeems Series B Preferred Shares


All Content and Data provided by Third-Parties — Terms of Use
Innovativ Media (INMG) Redeems Series B Preferred Shares
MARKET WIRE 8:00 AM ET 10/11/2017
Symbol Last Price Change
INMG 0.0117up 0 (0%)
QUOTES AS OF 03:18:44 PM ET 10/10/2017
LOS ANGELES, CA -- (Marketwired) -- 10/11/17 -- Innovativ Media Group, Inc.(INMG) ("Company" , a multi-media content producer and distributor, today announced that it has redeemed all of the Series B Preferred Stock held by an original Company investor in exchange for a Promissory Note for $110,000. The Company also reported that it had secured an investment from a private equity source for $52,000 in the form of a 6% Note, which is convertible into restricted shares of the Company's common stock at a fixed conversion price of $.0261 per share. The Company has no other debt on its balance sheet and has no obligation to register any of the shares.

Tom Coleman, CEO of Innovativ Media(INMG) said: "The Company decided it was an appropriate time to exercise the option it had under a lock-up agreement to redeem the shares and remove any uncertainty regarding long term dilution. We are committed to scaling CannaNet.TV http://www.cannanet.tv/ rapidly and the funds provided by the Note will help us accelerate growth and capitalize on some developing opportunities."

The CannaNet.TV platform http://www.cannanet.tv/ is a new online, ad supported channel which will stream curated and original entertainment, informational and educational content related to the Cannabis culture and industry that will launch in the 4th Quarter.

About Innovativ Media Group, Inc.(INMG)

Innovativ Media Group (INMG) is a developer, producer and distributor of digital entertainment and other multi-media content which is developing the CannaNet Channels. It distributes the motion picture assets of Lux Digital Pictures and, via New Broadway Cinema, develops adaptations of stage shows utilizing its trademarked DigiTheater™ Virtual Reality process. Innovativ also operates The Alien Interview Channel on YouTube in partnership with Fullscreen, the online channel HPLovecraft.TV and is a principal in the Film Finance Exchange. http://innovativmedia.com

Forward-Looking Statements:

This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such.

Innovativ Media Group (INMG)
Investor Relations
info@innovativmedia.com
510-948-4000

Source: Innovativ Media Group, Inc.(INMG)
I ONLY POST WHAT I PLAY
Scroll down for more posts ▼

Top 10 Most Recent News Articles

EQT Acquires Range Resources: Redefining Gas Markets

Updated Category News Views 152

A New Chapter in Natural Gas Who would have thought? EQT Corporation, that sturdy old veteran in the natural gas game, finally made its move and snatched up Range Resources, sprinting right out of left field. This merger isn't just about two companies shaking hands; it's about rewriting the entire narrative of America's natural gas landscape. With this acquisition, EQT's...

Continue Reading
Ericsson Executes Bold Share Buyback Plan in Oct.

Updated Category News Views 72

Ericsson Kicks Off October with Major Share Repurchases Ericsson's taking bold steps in consolidating shareholder value, and folks, this ain't your run-of-the-mill stock-in-the-drawer move. Between October 19 and 23, 2026, Ericsson picked up 500,000 of its own Class B shares. Yep, you heard right—half a million shares just like that, with a neat price tag rounding out...

Continue Reading
WuXi AppTec Boosts Guidance Amid Strong CRDMO Growth

Updated Category News Views 140

Unpacking WuXi AppTec's Latest Performance Boost WuXi AppTec, the pharmaceutical giant, isn't just coasting on its past successes. The way they're riding the contract research, development, and manufacturing (CRDMO) train straight through Q1 to Q3 of 2026 shows they're not just here for show. They've hiked up the stakes with strong metrics across the board, warranting a...

Continue Reading
Shenzhen Hosts FDI Moot: A Key Milestone for Arbitration

Updated Category News Views 93

Shenzhen Steps into the Arbitration Spotlight In a move that's bound to tweak some eyebrows in the legal realm, Shenzhen just hosted the 2026 Foreign Direct Investment International Arbitration Moot (FDI Moot) Global Finals. This marks the first time the finals have landed on Chinese soil, and folks, that's a big deal. It’s a hefty nod to China's expanding credibility...

Continue Reading
Metallium's U.S. Supply Chain Ambitions Hinge on Traxys MOU

Updated Category News Views 32

Metallium and Traxys Partner to Boost U.S. Critical Metals Out there in Houston, October's cooked up a potential game-changer for U.S. critical metals supply like no one's business. Metallium Limited—those savvy cats juggling ASX and OTC markets—just laid down a non-binding Memorandum of Understanding (MOU) with Traxys North America LLC. The goal? To sharpen up and...

Continue Reading
GrOwnValve's Personalized Valves Pass Safety Milestone

Updated Category News Views 33

Pioneering Success in Personalized Valve Study GrOwnValve GmbH just hit a big milestone that's caught my attention. Their first-in-human heart valve study wrapped up its six-month run with no prosthesis-related mishaps. Yeah, zero misfires. For five whole patients who've been through the wringer, things held steady. This Berlin startup’s got guts, testing tech that...

Continue Reading
Duke Energy's Battle Against Energy Vampires Heats Up

Updated Category News Views 0

Unplugging Hidden Electricity Drains Ever wonder why your electric bill has been sneakily creeping up? You might think it's just the AC running full blast or lights left on, but surprise, surprise—there’s a whole army of “energy vampires” quietly sucking the juice out of your home. Duke Energy Florida is drawing attention to this sneaky leak, especially around...

Continue Reading
New Drug Revolutionizes Endometrial Cancer Treatment

Updated Category News Views 46

A New Dawn for Endometrial Cancer Treatment Alright, every once in a while, something shakes up the world of oncology. And that's exactly what's happening with sacituzumab tirumotecan, or sac-TMT if you want to save your breath. This new drug is stepping up as a future star in the fight against endometrial cancer, according to an eye-popping international study led by NYU...

Continue Reading
FL Technics Indonesia Expands with EASA Certification

Updated Category News Views 90

Bali's Skies Just Got a Major Upgrade Picture this: You've got a sprawling 17,000 square meter facility sitting pretty at I Gusti Ngurah Rai International Airport, nestled in the paradise locale of Bali. What's next? It's now flexing some serious muscles with its newfound EASA Part-145 certification, allowing it to tackle aircraft registered in the European Union. This is...

Continue Reading
Approved Oil Secures Long-Term NYC Fuel Terminal Deal

Updated Category News Views 0

Approved Oil Locks in Future with Sunoco Deal Amidst the contraction of New York City's fuel terminal landscape, securing a consistent lifeline to crucial infrastructure feels like striking gold. Approved Oil just locked down an agreement with Sunoco for a new terminal location that'll last deep into the 2040s, and it's about more than just securing a spot on the...

Continue Reading

Top 5 Most Recently Viewed Articles

Primero Gains Global Edge with Win Systems Buy

Updated Category News Views 12

Here's the move: Primero Games, the U.S.-based gaming maestro, just grabbed a hefty piece of the puzzle with their acquisition of Win Systems' Gaming Division. Not two companies merging into obscurity, but a strategic maneuver aiming to scatter new seeds in Latin America and the Caribbean with over 3,000 gaming positions primed and ready. What's in the Pot? You've got...

Continue Reading
Viking Therapeutics Plans Upcoming Financial Results Announcement

Updated Category News Views 113

Viking Therapeutics Prepares for Financial Results Announcement Viking Therapeutics, Inc. (NASDAQ: VKTX) is gearing up to release its financial results for the fourth quarter and year-end 2024, an event eagerly anticipated by investors and analysts alike. The announcement is scheduled for after market close on February 5, a crucial date for stakeholders following the...

Continue Reading
Exploring the Financial Health of Western Asset’s Fund

Updated Category News Views 83

Overview of Financial Position Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE: IGI) has recently presented its financial position as of a specific date. This overview is crucial for understanding the Fund's current status and future prospects. Net Asset and Share Information Total net assets of the Fund are reported at $193,643,800. This represents an...

Continue Reading
Skylar Introduces Nude Skin: Elevating the Fragrance Experience

Updated Category News Views 374

Skylar Unveils a New Fragrance: Nude Skin The clean beauty brand has recently made waves with the introduction of a fragrance that marries luxury with personal allure. Starco Brands (OTCQB: STCB) proudly presents Nude Skin, the latest addition to its innovative clean fragrance line, embodying the spirit of intimacy and sophistication. A Scent Redefined Nude Skin is an eau...

Continue Reading
Understanding the Recent Decline of Keysight Technologies Shares

Updated Category News Views 128

Current Status of Keysight Technologies Stock Keysight Technologies Inc (NYSE: KEYS) has caught the attention of investors and analysts alike as its shares have been taking a hit. This downturn comes despite the company reporting robust financial results in a recent quarter that showed a promising trajectory for growth. Strong Third-Quarter Financials During the most...

Continue Reading