Strange news in the context of this company's business plan. Further explanation is obviously needed:
CABLECLIX RECOGNIZES FIRST 2017 REVENUE
Mar 15, 2017 OTC Disclosure & News Service
Los Angeles, CA -
OTC Markets
CableClix (USA), Inc. â??CableClixâ? (OTC:CCLX) has entered into a twelve-month consulting agreement with a privately held Canadian company, 1823606 Alberta Ltd. Under this agreement, CableClix resources will provide consultative services and project management to a variety of operating companies in the areas of video transmission, caching, and archiving. These services will enable significant operational efficiencies and increased security capabilities for several logistical business units. 1823606 Alberta Ltd.â??s principals recognize CableClixâ??s proficiency in video transmission and security as a market differentiator when applied to its internal operation.
â??CableClix is excited to be part of our clientâ??s IT transformation through the use of our technical capabilities. We are looking forward to building a long-term relationship beginning with this initial transactionâ?, said Kris Domich, President and CEO of CableClix.
Under this consulting agreement, CableClix will recognize US$100,000 in revenue immediately from a service retainer.
About CableClix CableClix is an innovative â??cord cuttingâ?? company that builds virtual cable networks over the Internet that mimic existing cable television franchises by providing live streaming television services. The Company was formed in 2013 to be a leading provider of high definition streaming television over broadband connections. Our goals remain as they were at our inception; deliver quality television programming in high and ultrahigh definition, including local network content, directly to the local consumer, on nearly any device, at any time.
Another news release about Management having a cup of coffee with someone who has some shiny trophies on the shelf. Yesterdays news release on the OTC market made no sense whatsoever and the grammar in it was at about a grade 4 level. Read this press release closely there is nothing in it but the fact that Cauri Jaye has finally had a chat with someone but has really got nothing done and plans to hire another guy this month but still has got nothing done. How bout an operational update that explains where the company is with getting some boxes on the ground or an App completed so they can generate revenue besides monitoring some numbered companies cameras in Canada. Just more smoke and mirrors!
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