Imagination TV Inc. (IMTV)

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In Other Corporate News ...

On January 24th, 2015 , the company announced it signed a Letter of Intent to acquire RUNWAY®, a Fashion Media and Technology company that owns RUNWAY® TV and multiple Fashion Magazines.
Imagination TV spent several months of Due Diligence into all aspects of the company, including its corporate structure, actual publishing numbers, potential transfer of trademarks issues, and status of ownership structure.

Due to the information received during the process from RUNWAY, the Board has decided it cannot proceed with an acquisition of the RUNWAY. The board of Imagination TV also explored potential licensing agreements and other options to work with RUNWAY but could not find an avenue which would benefit Imagination TV and its shareholders.