New VODwiz excuse, It's never HHSE fault.
too bad 28,000,000 shares were given away to make VODwiz happen.
Since the end of the applicable reporting period, Company has grown concerned with the status of a services-agreement entered into in 2013 with Nanotech Entertainment for the operational (technical upload and delivery) needs for the upcoming VODWIZ digital-streaming service. HHSE is concerned that the insufficient attention and resources may have been committed to uploading new titles to VODWIZ, and is currently, actively seeking to address these concerns and to work towards establishing a mutually acceptable framework for a moving-forward relationship. HHSE acknowledges that Nanotech may also have concerns about masters and other delivery elements from HHSE and HHSE supplier studios that are participating in the VODWIZ launch. The establishment of the VODWIZ site and portal is complex, and involved literally thousands of feature films and more than a dozen suppliers, each delivering elements in a wide assortment of formats. It is not unreasonable that the task of uploading titles has proven time-consuming and, at times, problematic. It is HHSE’s intention to continue working with Nanotech, provided that an acceptable game-plan and schedule can be agreed. HHSE has been approached by other technical services providers, and anticipates that there would be no negative impact to the consumer roll-out of the VODWIZ site and portal if, for any reason, including mutual dissolution, that the services agreement with Nanotech is not continued. There are no other material disputes or lawsuits requiring Company’s response.
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