WatchIt Technologies, Inc. Engages National Brokerage Firm to Relist on the OTC Bulletin Board
WatchIt Technologies, Inc. (PINKSHEETS: WTCT) has engaged a national brokerage firm to file the form 15c 2-11 to relist on the OTC Bulletin Board. The Company is taking the proper measures to complete the procedure to relist.
The Company is projecting the year-end audited financials for 2007 to be completed in November, and expects to have the form 15c 2-11 filed shortly thereafter. The focus of the Company over the last 10 months included emerging from shell status and build operations.
"As promised when this management took control of the company, the path we would take would return the company to the Bulletin Board. We feel certain the shareholders will realize the significance of this action, and will be very optimistic about the future direction of the Company. Over the past 10 months, management has worked consistently to move the Company toward being relisted and trading on the higher exchange," stated Frank Moody, CEO of WatchIt Technologies, Inc.
The Company recently announced that it has signed an agreement to acquire BMA Partners, Inc., d/b/a Billboard Music Academy, in an all-stock transaction. BMA Partners, based in Orlando, Florida, has a license agreement with music industry standard bearer Billboard Magazine to create and develop a full-service, Web-based "music community" centered on a new online educational program.
WatchIt Technologies, Inc. is an emerging out-of-home new media advertising Company operating the Child Watch Network (CWN). CWN delivers time-sensitive missing children information while providing a dynamic digital signage network for advertisers to reach on-the-go consumers with a targeted effective medium. Recently, the Company also acquired BMA Partners, Inc. d/b/a Billboard Music Academy. BMA is a licensee of Billboard Magazine, the standard bearer of the music industry. The Company is developing a full-service music community with a proprietary music education program and a music-oriented social network as its centerpieces. WatchIt has also acquired the international rights to market and sell Boondoggle Sports Network as the WatchIt Network in association with Quizzing, LTD., a UK company specializing in pub-based sports and trivia-based games. The WatchIt Network also utilizes dynamic digital signage. The Company will initially focus on establishing a presence in the United Kingdom and will utilize management's experience and contacts to expand into other European countries.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, contained in this release which are not historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the Company's products and services, the availability to the Company of adequate financing to support its anticipated activities, the ability of the Company to generate cash flow from operations and the ability of the Company to manage its operations.
Contact:
WatchIt Technologies, Inc.
Investor Relations
1-407-884-0444
Source: Market Wire (October 10, 2007 - 7:30 AM EST)
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