CYBK's Wholly Owned Subsidiary, Cyber-Thingy, Inc. Creates Entertainment Division To Be Run By Industry Veteran Steven Machat
Cyber-Thingy to Spin Off as a Dividend to the Shareholders of CYBK in October.
DEBARY, Fla., Sept. 8, 2014 /PRNewswire/ -- Cyber Kiosk Solutions, Inc. (OTC PINK: CYBK) wholly owned subsidiary Cyber-Thingy, Inc. (Cyber) is pleased to announce that it has created an entertainment division named "Green Leaf Records", which headed by industry veteran Steven Machat, will be actively engaged in the creation of entertainment projects and the signing of new musical talent from around the world.
Cyber-Thingy, Inc., through Green Leaf Records, will own and/or administer the recordings and the publishing of artists. Division leader, Steven Machat, has a tremendously successful and colorful history as a lawyer, record label, manager, record and film producer and has worked with some of the biggest acts in the music industry such as: Electric Light Orchestra, Genesis with Phil Collins and Peter Gabriel, New Edition, Bobby Brown, Leonard Cohen, Phil Spector, Acid Jazz Records, Hippos In Tanks, Death Row Records with Snoop, Dazz and Kurupt.
Green Leaf Records' first Artist is Johnny Dread, a Cuban Reggae Artist of huge social status currently residing in Miami. His music is now up for purchase on over 300 digital outlets around the globe including iTunes and Amazon. The hard copy CD called "Full Circle" is expected to be in retail outlets before Thanksgiving here in the States.
One of the strategies of Green Leaf Records is to connect songs from their Artists to products to increase brand awareness which will also help promote the Company's Artists. Using a song to brand a product brings value through identity, engagement and reoccurring currency. Music can help to establish an emotional connection with a product which increases brand recognition and creates a catchy buzz over and above the brand's core product. Green Leaf Records is currently looking for a Champagne company or manufacturer that would like to use Johnny Dread's song (Champagne) as their title song to help brand their product.
Steven Machat states, "My sole desire is to revitalize the music industry using technology and techniques that exist today and will be adaptable for the future. I enjoy touching people's lives through music and art and I am excited about our pipeline of Artists that I expect to sign over the next several weeks."
Within the next few weeks, Cyber-Thingy, Inc will be filing restated Articles of Incorporation with the State of Florida to amend its name, change the officers and directors and update the business address and registered agent.
Due to the acquisition of EPA Petroleum, Inc. and to be more reflective of its oil operations, Cyber Kiosk Solutions, Inc. will file with FINRA to change the company name and symbol. In addition, CYBK will file with FINRA to effect a spinoff of Cyber-Thingy, Inc., to its shareholders no later than October 10, 2014. The anticipated ratio of the Spinoff is 1 share of Cyber-Thingy for every 5 shares of CYBK owned on the record date. The official record date will be announced by the Company later in the week.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
For more information contact:
CONTACT:
Nathan Hall
954-509-3748
SOURCE Cyber Kiosk Solutions, Inc.
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