NEWS
September 09, 2014 09:00 ET
Mobile Broadcasting Corp. Announces Approval of U.S. Patent Claims
PISCATAWAY, NEW JERSEY--(Marketwired - Sept. 9, 2014) - Mobile Broadcasting Corp., a company formed by Mobile Broadcasting Holding, Inc. (PINKSHEETS:PROW), formerly Progress Watch Corporation, announced today that it has received notice from the U.S. Patent and Trademark Office that claims made in one of its two pending patent applications have been granted and a U.S. Patent will issue.
The patent is entitled "Communications Platform" with respect to the Company's technology which enables smartphones and other mobile devices to live stream video and audio content over 4G LTE networks.
Ken Bland, the Company's chief executive officer, stated, "The issue of a patent covering the Company's claims to its planned communications platform is a huge step toward securing our claim on the space involving the mobile to mobile live streaming space between 4G LTE mobile and wireless devices."
The Company's planned live-video streaming solution will enable its subscribers to broadcast live video from and receive it on mobile devices. The solution is planned to include a VOD component that will enable subscribers to view the recorded live stream at a later time.
The Company is in process of preparing a registration statement which will enable Progress Watch to distribute a dividend in the Company's common stock to stockholders of Progress Watch on a record date to be established.
