Friday, July 21, 2017 9:36:47 PM
MK Automotive Attracts New Financing Package
Premium Streaming Cable TV Package Offerings, Company Growth in Focus
PHOENIX, AZ--(Marketwired - Jul 14, 2017) - MK Automotive, Inc. (OTC PINK: MKAU), a live video streaming (over-the-top or OTT) subscription service and original content incubator, announced today announced today that it has entered into a new $290,000 financing agreement with a privately-held investment company. The financing proceeds will permit Clikia to offer a premium streaming Cable TV package, which is expected to include major Latin channels, and allow for a more aggressive posture in the company's growth-through acquisition strategy.
MKAU's CEO, David Loflin, stated, "We are excited to establish this new financing relationship and firmly believe this is a necessary step in the right direction, especially where our ongoing national social media marketing campaign, increasing subscription revenues and North American market share growth are concerned." Mr. Loflin also stated that a complete update, including information regarding the new financing, would be included in the company's quarterly report for the three months ended June 30th, which is to be filed in the near future.
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