AVEW: ActionView International, Inc. Announces Posting of Quarterly Report and Upgrade of Status on OTC Markets Website
Date : 10/22/2010 @ 9:21AM
Source : GlobeNewswire Inc.
Stock : ActionView International (AVEW)
Quote : 0.0085 0.0 (0.00%) @ 8:10AM
ActionView International, Inc. Announces Posting of Quarterly Report and Upgrade of Status on OTC Markets Website
Actionview International (OTC) (USOTC:AVEW)
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Today : Friday 22 October 2010
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ActionView International, Inc. (Pink Sheets:AVEW) today announced that the company's quarterly report for the period ended June 30, 2010 has been posted to www.otcmarkets.com. The posting of the report and submission of the corresponding attorney letter has resulted in the company's status to be upgraded to "Limited Information" in the OTC Markets system. Once all of the information submitted by the company has been reviewed, it is expected that ActionView International will be upgraded to "Current Information" status.
ActionView International's wholly-owned MatchFights subsidiary delivers the most exciting brand of full contact fighting under its World Championship Full Contact (WCFC) banner. MatchFights' events are broadcast live to a worldwide audience over the Internet, and revenue is derived from pay-per-view buys, video-on-demand sales, DVD sales, advertising, and merchandising.
"The quarter reflected in this report ended in June and does not include our most recent revenue initiatives, including our video-on-demand agreement with Comcast in the Mountain West region, our most recent WCFC event, the results of our negotiations to sell the broadcast rights to upcoming live mixed martial arts events, and new WCFC merchandising initiatives," said Gary Nerison, Chairman of ActionView. "We expect that the 4th calendar quarter of 2010 will more accurately reflect the company's current business model and operations."
The company is subscribed to the Pink OTC Markets' Disclosure and News Service as a venue to report its quarterly and annual financial information while minimizing the cost of compliance as the company supports the growth of its MatchFights subsidiary and the WCFC brand.
Shareholders and anyone interested in monitoring the progress of the company are encouraged to subscribe to the electronic mailing list by forwarding their email address to investors@actionviewint.com.
About ActionView International, Inc.
ActionView International, its wholly owned MatchFights, LLC subsidiary and the World Championship Full Contact brand deliver exciting, live, pay-per-view events in an interactive venue over the Internet to a global audience. For additional information about MatchFights and its World Championship Full Contact brand, please visit www.wcfc.com and join the world's premier fight-based network.
CONTACT: ActionView International, Inc.
Shareholder Relations
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investors@actionviewint.com
