SGRB .25 10 mil in assets removes "shell" status. They have some interesting wording on the filings. It looks really good for the future.imo
Item 5.06. Change in Shell Company Status.
The Board of Directors of SigmaBroadband Co., a Georgia corporation (the “Company”), has re-assessed the Company’s status as a shell corporation and no longer deems the Company to be a shell. The Board of Directors has made this decision based upon the fact that the Company has over $10,000,000 in assets. Specifically, the Company has acquired $10,000,000 in telecommunications equipment as indicated in prior SEC filings.
We intend to be a full service, facilities-based cable operator, local exchange and inter-exchange carrier serving both residential and commercial customers by providing voice, data and digital video services. We intend to employ the newest technology available in the marketplace today, which provides quality of service (QoS), reliability, security, redundancy and continuity of service always. In the future, we will be recognized as a leader in the data network, IP telephony and cloud-based services. Our potential customers are located in some of the country’s largest cities to families living in rural communities. We intend to establish a dominant national presence in the triple-play broadband, cable and telecom industry in America.
Plan of Operation
We are a development stage company, incorporated on October 19, 2012 and have not started operations or generated or realized any revenues from our business operations. However, we have substantial technology assets ready to deploy in the rural markets where we plan to provide our services.
FCC Broadband Report Synopsis:
As per the U.S. Federal Government, Broadband is the great infrastructure challenge of the early 21st century. Like electricity a century ago, broadband is a foundation for economic growth, job creation, global competitiveness and a better way of life. It is enabling entire new industries and unlocking vast new possibilities for existing ones. It is changing how we educate children, deliver health care, manage energy, ensure public safety, engage government, and access, organize and disseminate knowledge.
But broadband in America is not all where it needs to be. According to the FCC Broadband Report Synopsis, a pproximately 100 million Americans do not have broadband at home . Broadband-enabled health information technology (IT) can improve care and lower costs by hundreds of billions of dollars in the coming decades, yet the United States is behind many advanced countries in the adoption of such technology. Broadband can provide teachers with tools that allow students to learn the same course material in half the time, but there is a dearth of easily accessible digital educational content required for such opportunities. A broadband-enabled Smart Grid could increase energy independence and efficiency, but much of the data required to capture these benefits are inaccessible to consumers, businesses and entrepreneurs. And nearly a decade after 9/11, our first responders still lack a nationwide public safety mobile broadband communications network, even though such a network could improve emergency response and homeland security.
SIGMABROADBAND CO. was created to take advantage of the market demand for communications and entertainment bundled services priced within the reach of all consumers. We are deploying voice, data, digital video and other broadband related services to Rural America. We are positioned to provide services to 45,000 homes in Arizona and another 3,000 homes in Missouri. We plan to extend the Missouri network to another 15,000 homes bringing the total in our franchised area to 18,000. Our intended $99 per month triple-play service standard package of voice, data and digital video will provide a compelling offer that will attract many new subscribers and be a competitive advantage going forward. None of our known competitors have such an offer and if they choose to follow, they will erode their existing revenue base.
Services and Product
Our technology allows us to provide Broadband triple-play services to any market nationwide. Our core business objective is to offer a bundling of services to include telephone service, Internet access, cellular and cable television nationwide; and also providing cloud-based and IPtv services. The Bundled Service or T3 (Triple Play) will be made available to the public at a prepaid fixed cost of $99 per/month with no taxes, no contract, no deposit and no credit needed to the low income families, retirees, unserved, underserved, underprivileged and rural communities, in order to help bridge the technology usage gap in these areas. The potential customer base is extensive, as it literally consists of businesses, residential and rural customers- throughout the 95% of the U.S. covered by our network infrastructure. To date, there are over 100,000,000 households with limited or no access to broadband services in the United States. Our plan targets a conservative figure of 100,000 customers over a five year period so as to provide a worse case target as well as a rough means of allowing for the mathematical ease of determining the revenue potential as we grow exponentially. As the business plan recognizes that 100,000 customers would result in gross revenue of over $118,000,000 per annum by year end 2019, which represents 0.001% of the available households’ market share in rural America. All of our services are offered as a bundled and prepaid service through automatic monthly payment.
