PTEL NEWS 800% ahead of registrations target
Petel Incorporated today revealed that SexQube.TV, the world’s first free-to-air, adult, broadband television channel is 800% ahead of its registrations target just one month after launch.
This news is accompanied by the signing of a new content agreement with Bordellonoir and follows the announcement of a $207M stock dividend.
SexQube.TV has exceeded forecasted viewing figures from the day of launch, and the Company is confident that it will achieve forecasted first year revenue of $8.1M ahead of schedule. All indications are that the Company is set to exceed the targeted 85% year-on-year growth predicted by the Board.
Petel Incorporated COO Philip Evans commented “The month following our Pink Sheets debut has seen the Company deliver success after success. We know that we only need one in twenty viewers to purchase from SexQube.TV to hit our revenue targets, so today’s news is very encouraging. We are pleased that the hard work we have invested over the past year is paying off and delivering rewards to the Company and its shareholders. This is only the beginning of our success story and we look forward to continually delivering superb news and growth well into the future.”
Latest news:
SexQube.TV
• SexQube.TV $1M marketing campaign started this month.
• Easy Pink Productions appointed to produce free-to-air content.
• Casting for The Sex Shop Show, The Sex Doctor and the Movie Show completed and all three series in production.
Bordellonoir
• Agreement to deliver a further 4,000 titles from 25 studios to be digitized and added to SexQube.TV’s Video-on-Demand library.
• Each movie will be available at only $9.99 per 48 hour rental.
Petel Incorporated’s five year forecasts and business plan are included in the Corporate Overview, published on the Investor Relations page.
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