News re the caveot emptor, from our CEO, out on Fri:
WINCHESTER, Virginia, February 17, 2017
CableClix (USA), Inc. (OTCPK:CCLX) ("CableClix" or the "Company") An innovative "Cord Cutting" company that builds virtual cable networks over the Internet that mimic existing cable television franchises by providing live streaming television services announces completion of complying with the requirements of OTC Markets after posting a current Attorney Representation Letter. The letter from corporate cousel Randall J. Lanham affirms the information contained in the Company's most recent annual report for the period ending April 30, 2016. The letter is the final requirement given to the Company with respect to removing Caveat Emptor status which was applied to the company after the suspicion of stock promoting activities. The Company has never engaged in such practices and has conducted an exhaustive internal investigation and has confirmed publicly that no one authorized to act on the Company's behalf has ever procured, suggested, or engaged in any stock promotional activities.
"We are pleased that we have received the representation letter from counsel and even more so that this concludes the process we are mandated to follow in order to comply with the OTC Markets. While we maintain that the Caveat Emptor status was unfounded and applied to the Company far longer than it should have been, we appreciate that we are subject to requirements by the market and have gladly followed them with precision", said Kris Domich, President and CEO of CableClix. Domich added, "We appreciate the patience of our shareholders through this process. With this significant distraction now removed from the equation, the Company will continue to focus on the release of its first products and services."
The Company fully expects the Caveat Emptor status to be removed as soon as possible upon a final review and acceptance of the Attorney Representation Letter by OTC Markets. Regular communications regarding the status of that removal will take place until no longer required.
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