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Wednesday, April 19, 2017 6:39:37 AM
INNOVATIV MEDIA GROUP (INMG) ACQUIRES CANNANET.TV Cannabis related entertainment and informational channel to launch this year
LOS ANGELES, CA – April 12, 2017 – (IHub News Wire), Innovativ Media Group, Inc. (OTCPK:INMG) (“Company”), a multi-media content producer and distributor, today announced it has acquired the media assets of Canna TV OÜ and will be launching a new online, ad supported platform and channel CannaNet.TV cannanet.tv/ which will stream curated and original entertainment, informational and educational video content related to the Cannabis and CBD culture and industries. CannaNet.TV cannanet.tv/ will program a broad mix of live action and animated series, news shows, specials, music videos and tutorials on an independent platform and expects to eventually offer interactive and ecommerce applications.
“Successful new video networks require large, organized communities and clearly defined audiences and we believe the burgeoning Cannabis space will enthusiastically respond to and support a professionally programmed and managed channel” said Company CEO Tom Coleman. Coleman continued “When these assets became available we moved fast as they will give us a foundation to jump start and develop the network. We expect the platform will be an attractive advertising medium for a wide range of Cannabis and CBD related businesses, products and services looking to target customers, which to date, have had limited online advertising options”.
INNOVATIV MEDIA GROUP (INMG) POSTS RECORD 2016 FINANCIAL RESULTS
Revenues increase over 88% and EBITDA over 2200%
LOS ANGELES, CA -- March 9, 2017 -- InvestorsHub NewsWire -- Innovativ Media Group, Inc. (OTCPK:INMG) (“Company”), a multi-media content producer and distributor, today announced record results for its fiscal year ended December 31, 2016. Company revenues increased over 88% from $98,792 to $185,995 and EBITDA increased by over 2200% from $1,880 to $43,552, the highest in Company history. The Company has posted 6 Quarters of successive earnings since acquiring the Innovativ Media entertainment assets in mid-2015.
“The INMG media assets provide the Company with a stable and reliable base from which we intend to build upon in the coming months with several new projects we have been developing” said Company CEO Tom Coleman.
INMG Security Details Share Structure
Market Value1 $1,008,313 a/o Apr 12, 2017
Authorized Shares 250,000,000 a/o Nov 04, 2016
Outstanding Shares 186,724,670 a/o Feb 03, 2017
Float 57,111,602 a/o Feb 03, 2017
Per the last Q recently filed CEO owns 92M of the 186M OS.
C. Beneficial Shareholders. All persons/entities beneficially owning more than ten percent
Quote:
(10%) of any class of the issuer’s equity securities are: Common Stock 92,000,000 shares
Tom Coleman, President Innovativ Media Group, Inc. 12021 Wilshire Blvd. #450 Los Angeles, CA. 90025
CEO - Tom Coleman https://en.wikipedia.org/wiki/Tom_Coleman
Thomas Coleman is a 40 year veteran of the entertainment industry.
Sole founder and CEO of Atlantic Entertainment Group, one of the leading independent movie studios of the 70’s and 80’s. Mr. Coleman distributed over 120 motion pictures and personally, produced / executive produced 40. Career highlights include Academy Award winning “Madam Rosa” in 1978.
Produced and released “Extremities”, “1969” and teen movie hits “Valley Girl” and “Teen Wolf”.
Mr. Coleman was the founder of the RTV television network in 1998 and former Chairman of public company Sun Network Group. Mr. Coleman is a member of the Academy of Motion Picture Arts and Sciences. Currently an industry consultant based in Eu
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