HENDERSON, Nevada, October 29, 2018 /PRNewswire/ --
BRK, Inc. (OTC Pink: BRKK) today announced the following corporate update.
Intellectual Property - Since the Company's successful lawsuit ruling against iSee Automation Inc. on March 27, 2018, the Company has obtained a judgment for damages and is finalizing calculations to determine the size of damages and will aggressively, with assistance of counsel, seek recovery of those damages. In addition, the Company is currently updating the technology with a highly regarded technical designer and software developer in the optical systems industry. He will bring a wealth of knowledge and experience in the development and deployment of optical systems in many settings including DOD and private sector applications in addition to expanding the technology to various professional sports leagues. With current adaptations and improvements, the Company anticipates filling for additional patents to further protect our most valuable asset, the Intellectual Property.
New Applications - With the new adaptations from our original design, there have been a number of new applications for our seamless optical transmission that management is looking to implement in the very near future. Management is presently in talks with new outlets to utilize this technology, which will enhance the top line revenue. These outlets range from special events companies to a wide range of sports and governmental agencies. Management believes these new applications have the opportunity to transform the direction of this company.
Partnerships - With the development of new applications, management has identified some first line business partners in the content and content distribution space that will enhance and excel our optical transmission technology over multiple channels and increase acceptance. Management is also in final negotiations to partner with some former professional Sport Celebrities to be the faces of the company and bring awareness to our growing brand and technology.
Daniel Serruya CEO, commented, "I would like to sincerely thank our long-term Shareholders for their patience and continued belief in the company during this extended period of silence. There have been and will continue to be, many corporate and re-structuring initiatives taking place behind the scenes. These initiatives will be communicated over the next several weeks."
About BRK, Inc.
BRK Inc. (OTC PINK: BRKK), established in 2008, is owner of the Helmet Camera intellectual property (patents-pending) that make the RefCam possible. With the acquisition of the live broadcast helmet camera patent, BRK is poised to enter sports marketing in a big way. iSee Sports Inc. is a wholly owned subsidiary of BRK, Inc.
The foregoing contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are intended to be covered by the safe harbor provisions of the federal securities laws. Forward-looking statements often contain words such as "will," "anticipate," "believe," "plan," "estimate," "expect," "intend," "is targeting," "may," "should," ''poised,'' and other similar words or expressions. Forward-looking statements are made based upon management's current expectations and beliefs and are not guarantees of future performance. Our actual business, financial condition or results of operations may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties which include, among others, those described in any of our other filings with the SEC. In addition, such statements could be affected by risks and uncertainties related to: (i) commercialization of our newly-acquired helmet camera, (ii) continuing development and protection of our intellectual property, (iii) unexpected industry competition, (iv) the need to raise capital to meet business requirements, and (v) our ability to sell our products in order to generate revenues. Forward-Looking Statements are pertinent only as of the date on which they are made, and the company undertakes no obligation to update or revise any Forward-Looking Statements, whether as a result of new information, future developments or otherwise. Any future public statements or disclosures modifying any of the forward-looking statements contained in or accompanying this news release, will be deemed to supersede such statements in this news release. Information on BRK Inc.'s website, www.brkincorporated.com does not constitute a part of this release.
Contact:
[email protected]
(613)328-9048
SOURCE BRK, Inc.
Share this article