IMTV CORPORATE UPDATE OUT!
To our shareholders,
First, I would like to thank all shareholders for your support. Bringing this company back from the “dead” has been no easy task. There have been many hurdles we have faced and overcome & more we will face and continue to overcome, in the future. I am pleased to report that as of yesterday, Wednesday March 15, 2017, we have submitted all the documents required to bring Imagination TV to a status of current, pending OTCMarkets.com review.
We are ready to begin moving to the next phase of Imagination TV’s “re-birth”. We have started to lay the foundation, which will transform Imagination TV into an innovative, revenue & profit producing company providing longevity, transparency and shareholder value.
Imagination TV’s business model has always been a combination of technology and entertainment. We will be keeping the core of this business model intact although we will be heavily incorporating one of the hottest & fastest growing sectors in the market. We fully expect to finalize this new business model within the next 7-10 days, or sooner and will be releasing a full press release and detailed business plan to the public.
Successfully operating a public company is twofold; there is the business model & successful execution of that business model and then there is public infrastructure & cap structure; both elements are extremely important. For this reason, I have begun taking the necessary action to accomplish the following:
- Working to restructure the company’s cap structure
- Bringing on a full-time management team
- Adding new board members
- Building a solid asset base
- Beginning to generate revenue
- Remaining transparent with our current and prospective shareholders
- Focusing on building new subsidiaries
I am of the belief that hard work and smart business will breed success. To that end, I have made it a point to not take a salary from the company nor do I plan on doing so during this entire transition period. Moving forward, any capital expenditures, albeit for new management, funding options, or any new ventures that the company gets involved with will be directed toward corporate growth, not over-inflated salaries or wasted spending.
Once again, I want to thank everyone for their continued support.
Regards,
Joseph S Sirianni
Imagination TV, Inc.
