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WOWIO Taking Aim at Netflix/YouTube

Hoping to Become the Next Digital Media Giant

BEVERLY HILLS, CA / ACCESSWIRE / August 5, 2015 / WOWIO, Inc. (OTC:WWIO), a digital media and technology development company today announced a new expansion strategy that will include acquisitions of media development, production, distribution and marketing companies and other assets.

"We're going to serve the global appetite for digital media, and take advantage of that worldwide audience," stated CEO, Brian Altounian. "If you look at the impact that Hulu, YouTube, Netflix, and Amazon have had on the distribution side of film and television and now all of those entities are developing, producing and distributing original content in direct competition with those same entities (studios and television networks) that were originally the main suppliers of content. It would be imprudent for us NOT to try to participate in this next powerful wave of growth in the entertainment industry."

Fresh from a capital restructuring effort, the company is methodically following its previously-announced plan to enhance net stockholders' equity and is focusing its efforts on opportunities to create and monetize ancillary content and product lines beyond eBooks.

"As we mentioned in previous correspondence to shareholders, we have seen tremendous opportunities in digital media as new players have come into the market, providing a viable outlet for creative projects," says Brian.

WOWIO had been pursuing a technology and platform play in the eBook distribution space and while Altounian insists that technology development will continue to be a key effort for the company, the next phase of the restructuring plan is to explore the acquisition of profitable businesses and performing assets beyond publishing.

"Digital Publishing is still in its nascent stages of growth and there are many opportunities to create new, viable and exciting means of storytelling in the mobile, connected digital world that incorporate eBooks as we know them today. Our goal is to take what we've learned in the eBook space and build fascinating, accessible, creative projects that will be attractive to our core audience of 18- to 45-year old media consumers."

Altounian believes this new plan will reinvigorate investor confidence as the Company builds net stockholders' equity and continues to remove affiliate & non-affiliate debt from the balance sheet, providing a good quantitative story to match the qualitative financial package.

WOWIO holds a proprietary patent that allows for the insertion of advertising into eBooks, a mobile eBook distribution platform, and a proprietary mobile ad network, providing the digital publishing distribution channel as a viable alternative to that of other content distribution outlets.

About WOWIO, Inc.

WOWIO, Inc., (OTCBB: WWIO) is a digital media and technology development company with a patented process and a proprietary mobile ad-delivery platform that will disrupt the eBook distribution landscape by exploiting a previously untapped marketplace: ad-supported eBooks. Wowio has built and acquired a number of digital media technologies, platforms and distribution outlets and is focusing its efforts on opportunities to create and monetize ancillary content product lines beyond eBooks and other forms of digital media.

Safe Harbor Statement

This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.

Corporate Contat:

Brian Altounian

CEO of WOWIO

[e-mail]

[phone]

http://www.studiowdigital.com

SOURCE: WOWIO, Inc.

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