Ubiquity Appoints Members to Board Committees in Preparation for NASDAQ Uplisting

IRVINE, Calif., Aug. 6, 2014 /PRNewswire/ -- Ubiquity, Inc. (OTCBB: UBIQ), a technology development and licensing company that holds an extensive portfolio of patents across multiple technology market verticals, today announced the appointments of members to its Audit, Compensation, and Governance and Nomination Board Committees, in preparation for its upcoming NASDAQ up-listing.

"We are focused on meeting the remaining requirements necessary for Ubiquity to uplist to the NASDAQ," stated Chris Carmichael, Chief Executive Officer and Chairman of Ubiquity. "We believe that being listed on a major exchange will not only promote liquidity and awareness of the Company's story as an investment consideration, but will validate the market potential for our technology and the value of our extensive family of patents. By executing these appointments and establishing these meaningful board committees comprised of three of our experienced and insightful Directors, we are one step closer to becoming a NASDAQ listed company."

The Board Committee appointments are as follows:         

Audit Committee

• Webb Blessley, Chair 
• Nicholas Mitsakos        

Compensation Committee

• Nicholas Mitsakos, Chair 
• Webb Blessley 
• James Nelson   

Governance and Nomination Committee

• James Nelson, Chair
• Nicholas Mitsakos

Mr. Blessley, Mr. Nelson, and Mr. Mitsakos are all currently serving as Directors on Ubiquity, Inc.'s Board.

Webb Blessley has 30 years over 30 years of experience in corporate, venture capital and real estate acquisitions. In 1995, Mr. Blessley retired from McDonald's Corporation as Vice President of Real Estate and Construction Worldwide. Webb founded the Ronald McDonald Camp for Children at Eagle Lake and recently helped found the Cougar Fund to promote the preservation of the North American Cougar. An architectural engineer by education, Mr. Blessley has since returned to his architectural roots upon his retirement and now works as a contact source in alternative building and solar powered technology.

Nicholas Mitsakos currently serves as the Chairman and Chief Executive Officer of Arcadia Holdings, Inc. and as a director of Meru Networks. Mr. Mitsakes is also the Co-Founder of Meru Networks, Inc., and served as its Chief Financial Officer. Nicholas serves as an advisor to several technology and pharmaceutical companies, and has served as a Director and Chief Executive Officer at multiple companies. Nick started his career at Goldman Sachs in 1985, and worked at Drexel Burnham Lambert until 1989.

James Nelson was appointed to Ubiquity's Board of Directors in April 2014 and has served as a director and member of the audit committee of Icahn Enterprises since June 2001. He has also served as a director and member of the Audit Committee's for several companies including Pacific Energy Resources Ltd, Cequel Communications, and Take Two Interactive Software, Inc. Mr. Nelson was also formerly the Chairman and Chief Executive Officer of Eaglescliff Corporation, a boutique investment banking and wealth management firm.

About Ubiquity, Inc.

Based in Irvine, CA, Ubiquity is a vertically integrated, technology-focused media company. Ubiquity is focused in five specific areas with a robust portfolio of patents and intellectual property. The Company has developed an intuitive user interface making access to all content from any device in a simple, consistent format. Ubiquity enables the search and identification of any object and image in all video and digital media and has developed a platform for mobile transaction including the integration of payments, money transfers, coupons and gifts. Ubiquity has also developed an industry-leading, intuitive, immersive consumer experience for all web-based activity. Finally, the company allows for the personalization of all content, whether public or private, in a unique accessible way.

Through Ubiquity Labs we are leveraging an extensive portfolio of intellectual property spanning Web 3.0, immersive advertising, video compression, content distribution, eCommerce, and mobile applications to support the commercialization of new technologies. In addition, we intend to pursue strategic licensing opportunities.

Forward-Looking Statements

This news release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology, are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the failure of the business strategy, the integrity of the Company's patents and proprietary intellectual property and competition. The Company cautions that the foregoing list of risk factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events, including the risk factors set out in the Company's 10K for the year ended December 31, 2013. See the sections entitled "Risk Factors" in Ubiquity's quarterly and annual reports as filed by Ubiquity from time to time with the Securities and Exchange Commission. The Company has assumed that the material factors referred to above will not cause such forward-looking statements and information to differ materially from actual results or events.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.

Contact:
KCSA Strategic Communications
Todd Fromer / Phil Carlson
[email protected] / [email protected]
212-896-1215 / 212-896-1233

SOURCE Ubiquity Inc.

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