CAN CLOUDCOMMERCE HELP IHEART RADIO;
WHAT IS WRONG WITH IHEART RADIO?
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SOURCE: CloudCommerce, Inc.
July 10, 2017 11:42 ET
Freeze Tag Retains CloudCommerce to Provide Digital Marketing Services
Company to help build greater awareness of Garfield GO, the client's new augmented reality treasure hunt game
SANTA BARBARA, CA--(Marketwired - July 10, 2017) - CloudCommerce, Inc. (OTCQB: CLWD), a global provider of advanced digital services to leading brands, today announced that it has entered into an agreement with Freeze Tag (OTC PINK: FRZT), a leading creator of mobile social games, to provide digital marketing services aimed at building greater awareness of Garfield GO, an augmented reality treasure hunt game, which is now available on the Apple App Store (iOS) and Google Play Store (Android).
Garfield GO is the first augmented reality, location-based game that features the iconic Garfield cat character. With millions of possible treasure locations available worldwide, Garfield GO players can search for hidden treasures in their own neighborhoods. With the help of 3D Garfield, players can discover coins in the map view, which reflects their surroundings. Once a coin is identified, players enter "Augmented Reality" mode to search for the exact location of the treasure. Augmented reality is a new technology that allows the player to experience parts of the game in the real world.
To learn more about Garfield GO, please visit the game's website at www.garfieldgo.com.
The Garfield GO mobile game is the first collaboration between Freeze Tag and strategic partner, Munzee the next generation in global scavenger hunt games. To learn more about Munzee, go to www.munzee.com.
CloudCommerce will provide a range of digital marketing services incorporating content strategy, data analytics, search-based marketing, and social media strategies aimed at increasing the number of users and downloads for Freeze Tag's Garfield GO game, by focusing on a highly targeted outreach to the mobile game player market.
"We have kicked-off our new digital marketing initiative in an exciting way, with an innovative client who is making a big splash in their industry," commented CloudCommerce CEO Andrew Van Noy. "Freeze Tag is positioned to be very successful in this market, which consists of millions of mobile gamers. Together we aim to roll out an active marketing plan to help advance their digital footprint, and lead potential gamers to their products."
About Freeze Tag
Freeze Tag, Inc. is a leading creator of mobile social games that are fun and engaging for all ages. Based on a free-to-play business model that has propelled games like Candy Crush Saga to worldwide success, we employ state-of-the-art data analytics and proprietary technology to dynamically optimize the gaming experience for revenue generation. Players can download and enjoy our games for free, or they can purchase virtual items and additional features within the game to increase the fun factor. Our games encourage players to compete and engage with their friends on major social networks such as Facebook and Twitter. Founded by gaming industry veterans, Freeze Tag has launched several successful mobile games including the number one hit series Victorian Mysteries® and Unsolved Mystery Club®, as well as digital entertainment like Etch A Sketch®. Freeze Tag games have been downloaded millions of times on the Apple, Amazon and Google app stores.
CloudCommerce, Inc. (CLWD) provides advanced e-commerce services to leading brands. Our customers depend on us to help them compete effectively in the $1.6 trillion worldwide e-commerce market. Our comprehensive services include: (1) development of highly customized and sophisticated online stores, (2) real-time integration to other business systems, (3) digital marketing and data analytics, (4) complete and secure site management, and (5) integration to physical stores. Our goal is to become the industry leader by rapidly increasing the number of customers who regularly depend on us and by acquiring other rapidly growing e-commerce service providers. To learn more about CloudCommerce, please visit www.cloudcommerce.com.
Matters discussed in this shareholder letter contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These risks include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, products, and prospects for sales, failure to commercialize our technology, failure of technology to perform as expected, failure to earn profit or revenue, higher costs than expected, persistent operating losses, ownership dilution, inability to repay debt, failure of acquired businesses to perform as expected, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
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SOURCE: GOOD BYE https://www.cnbc.com/2018/03/15/iheartmedia-files-for-bankruptcy.html
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Largest US radio company iHeartMedia files for bankruptcy
Faber Report: Big buyouts, big bankruptcies
IHeartMedia Inc filed for Chapter 11 bankruptcy on Thursday as the largest U.S. radio station owner reached an in-principle agreement with creditors to restructure its overwhelming debt load.
The company, which filed for bankruptcy along with some of its units, said it reached the agreement with holders of more than $10 billion of its outstanding debt for a balance sheet restructuring, which would reduce its debt by more than $10 billion.
IHeartMedia, which has struggled with $20 billion of debt and falling revenue at its 858 radio stations, said cash on hand and cash generated from ongoing operations will be sufficient to fund the business during the bankruptcy process.
"The agreement ... is a significant accomplishment, as it allows us to definitively address the more than $20 billion in debt that has burdened our capital structure," Chief Executive Bob Pittman said.
The filing comes after John Malone's Liberty Media proposed on Feb. 26 a deal to buy a 40 percent stake in a restructured iHeartMedia for $1.16 billion, uniting the company with Liberty's Sirius XM Holdings satellite radio service.
Clear Channel Outdoor, a subsidiary of iHeartMedia and one of the world's largest billboard companies, and its units did not commence Chapter 11 proceedings.
IHeartMedia skipped a $106 million interest payment on Feb. 1, triggering a 30-day grace period during which the company has tried to hammer out a deal with it bondholders.
The company disclosed on Monday it was still exchanging proposals with its creditors, but had yet to reach an agreement.
Its most recent proposal would have given holders of secured loans, who are owed nearly $13 billion, about $5.6 billion in new debt and 94 percent of the equity in a reorganized iHeartMedia. These creditors also would have received iHeartMedia's 89.5 percent stake in Clear Channel Outdoor Holdings.
Bain Capital and Thomas H. Lee Partners control 68 percent of the voting stock of iHeartMedia, according to the company's most recent annual report.
The private equity firms led a $17.9 billion leveraged buyout of what was then Clear Channel Communications Inc in 2008, just as the buyout boom was fading and as the signs of the financial crisis began to emerge.
Shares of iHeartMedia lost three-quarters of their value in the second half of 2015 and have never recovered since then. On Monday, the pink sheet stock closed at 48 cents.
IHeartMedia traces its roots to the 1972 purchase of KEEZ-FM in San Antonio, Texas, where it is currently headquartered. It also produces syndicated radio programs that feature "American Idol" host Ryan Seacrest and political personalities Rush Limbaugh and Sean Hannity.
The company had 14,300 employees at the end of 2016, according to its most recent annual report.