$EOMN Ethos Media Network, Inc. (OTC PINK: EOMN), A Digital Television Production And Distribution Company, Provides Shareholder Update, On The Past, Present And Future
By AccessWire, August 07, 2018, 09:45:00 AM EDT
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Ethos Media Network, Inc. (OTC PINK:EOMN) Provides Shareholder Update
FORT LAUDERDALE, FL / ACCESSWIRE / August 7, 2018 / THE PAST: During The past several years, EOMN has provided stellar production and distribution service across private and commercial channels alike.
Ethos Media Network, Inc. has also developed a series of documentaries showcasing NON PROFITS, creating a content library second to none. Our commitment, vision, and philosophy of producing first class, original content to be distributed via different mediums to the global marketplace have not changed and we are exploring avenues to ensure that we reach our goal of generating long-term perpetual revenues. During these past few years, we have explored business opportunities that through the course of due diligence proved to be non-advantageous to our shareholders.
THE PRESENT: Recently EOMN negotiated with a new set of private investors, who share our vision and understand our mission. The investor group purchased all of the company's outstanding debt, an act that immediately protected our shareholders by ensuring no more dilution by the convertible debt. This new, zero debt position has opened new opportunities which we are pursuing, to ensure that we can upgrade to OTCQB and someday, to uplist to NASDAQ. There are many opportunities, but not all are right for our company or shareholders.
Simultaneously, we have populated our BUNJI Platform with 12 channels which we expect will start generating advertising and subscription revenues this coming quarter, it is proceeding along beyond expectations.
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