Summary: Third Quarter Financials https://
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Posted On: 11/23/2018 9:57:01 AM
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Summary: Third Quarter Financials
Revenues $202,757
Net Income $28,911
RETAINED EARNINGS (End of Period) $3,737,294
Current Assets $9,118,773
Current Liabilities $1,981,051
Current Ratio ~ 4.6
Item 11 A1-A6 – Supplemental Disclosures.
i). “MYFLIX” (VODWIZ STREAMING VENTURE) – The Video-On-Demand Website, Streaming Portal and Over-The-Top (OTT) service previously announced by HHSE as “VODWIZ” received a launch boost in March – and initial funding in April and May – from a non-affiliate lender. Initial proceeds were utilized to acquire the URL of “Myflix.com” and all other applicable internet sites, excluding “Myflix.tv” (which will be pursued shortly). Additionally, trademark, copyright and service mark usage have been applied for and / or demonstrated, including signage, ads, press announcements and promotional activities to launch the site at the Cannes Film Festival and Marche du Film. The original plan for the “Myflix” site was to launch in late Summer (2018) with 30 or more supplier studio partners (including an assortment of feature films from several major studios), with an initial focus on the Transactional Video-On-Demand (TVOD) titles (consumers pay approx. $1.99 per movie. However, the logistics and time required to onboard / upload film titles has indicated that a more realistic launch for MYFLIX will occur in January or early 2019 – once the venture has over 2,500 fully accessible features (there is a total universe of more than 12,000 titles under license or commitment to MyFlix); the “Monthly Subscription” model (SVOD) will be launched shortly after the TVOD model – and unique programming offerings and elements (such as video games and educational programming) will further help differentiate and brand the Myflix service.
https://backend.otcmarkets.com/otcapi/company...65/content
HHSE
Revenues $202,757
Net Income $28,911
RETAINED EARNINGS (End of Period) $3,737,294
Current Assets $9,118,773
Current Liabilities $1,981,051
Current Ratio ~ 4.6
Item 11 A1-A6 – Supplemental Disclosures.
i). “MYFLIX” (VODWIZ STREAMING VENTURE) – The Video-On-Demand Website, Streaming Portal and Over-The-Top (OTT) service previously announced by HHSE as “VODWIZ” received a launch boost in March – and initial funding in April and May – from a non-affiliate lender. Initial proceeds were utilized to acquire the URL of “Myflix.com” and all other applicable internet sites, excluding “Myflix.tv” (which will be pursued shortly). Additionally, trademark, copyright and service mark usage have been applied for and / or demonstrated, including signage, ads, press announcements and promotional activities to launch the site at the Cannes Film Festival and Marche du Film. The original plan for the “Myflix” site was to launch in late Summer (2018) with 30 or more supplier studio partners (including an assortment of feature films from several major studios), with an initial focus on the Transactional Video-On-Demand (TVOD) titles (consumers pay approx. $1.99 per movie. However, the logistics and time required to onboard / upload film titles has indicated that a more realistic launch for MYFLIX will occur in January or early 2019 – once the venture has over 2,500 fully accessible features (there is a total universe of more than 12,000 titles under license or commitment to MyFlix); the “Monthly Subscription” model (SVOD) will be launched shortly after the TVOD model – and unique programming offerings and elements (such as video games and educational programming) will further help differentiate and brand the Myflix service.
https://backend.otcmarkets.com/otcapi/company...65/content
HHSE
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