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Monday, January 28, 2019 10:28:46 PM
The size of MyFlix has grown since this previous projection. From 30+ Suppliers, to now 40+ Suppliers
Item 11 A1-A6 – Supplemental Disclosures.
i). “MYFLIX” (VODWIZ STREAMING VENTURE) – The Video-On-Demand Website, Streaming Portal and Over-The-Top (OTT) service previously announced by HHSE as “VODWIZ” received a launch boost in March – and initial funding in April and May – from a non-affiliate lender. Initial proceeds were utilized to acquire the URL of “Myflix.com” and all other applicable internet sites, excluding “Myflix.tv” (which will be pursued shortly). Additionally, trademark, copyright and service mark usage have been applied for and / or demonstrated, including signage, ads, press announcements and promotional activities to launch the site at the Cannes Film Festival and Marche du Film. The plan for the “Myflix” site is to launch in late Summer (2018) with 30 or more supplier studio partners (including an assortment of feature films from several major studios), with an initial focus on the Transactional Video-On-Demand (TVOD) titles (consumers pay approx. $1.99 per movie); the “Monthly Subscription” model (SVOD) will be launched shortly after the TVOD model – and unique programming offerings and elements (such as video games and educational programming) will further help differentiate and brand the Myflix service.
Additional details of the terms and structure of the loan agreement for Myflix are expected to be disclosed in the Form 10 Registration Statement.
HHSE 10-Q June 20, 2018 (Page 22):
https://backend.otcmarkets.com/otcapi/company/financial-report/196189/content
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