Ubiquity Inc. Announces Plan to Spinoff Ubiquity Studios and Create a New Company

IRVINE, Calif., June 7, 2016 /PRNewswire/ -- Ubiquity, Inc. (OTCBB: UBIQ) ("Ubiquity" or the "Company"), a vertically integrated, technology-focused media company, announced its intention to spinoff Ubiquity Studios (Studios) - the company's broadcasting studio business.

Ubiquity CEO Chris Carmichael said: "Our successful, long-term business development strategy for Ubiquity Studios has created new opportunities and growth for this business. Ubiquity Inc.'s Board is in agreement that the current success, and expected scale of the studio business warrant a separate strategy and the status as a stand-alone entity."

Along with top-of-the line facilities and infrastructure, and current production services the Studios have top notch immersive virtual reality capabilities, and are in the process of developing mixed reality and holographic content. Virtual reality services are increasingly in demand and it is anticipated that virtual reality will be a key driver of the facility's growth.  

Recently, Ubiquity Studios became the home of SKEE TV, DJ SKEE's flagship cable-TV show on Fuse, which gives viewers insider access to the hottest musical artists, athletes, celebrities and cultural tastemakers via exclusive interviews and live performances in 73+ million homes.

"We are excited to have access to the incredible studios at Ubiquity, and look forward to using them to push the boundaries of content creation, including virtual reality," stated DJ SKEE. The Studios are collaborating to integrate immersive virtual reality components for the broadcast. As part of this, SKEE TV is launching its first virtual reality programming with Vantage.TV, who most recently partnered with Coachella this Spring for Coachella VR.

Ubiquity Studios are recognized as the premier place to create cross-platform digital entertainment content. The studios have more than 30,000 square feet of digital production space and boast premium amenities including three large and luxurious fiber linked and air-conditioned sound stages, along with unparalleled state-of-the-art camera equipment, lighting pre and post production facilities. The Studios have been optimized to develop, shoot, edit and distribute immersive 2D, 3D have intensified its virtual reality productions. The facilities are an excellent venue live events and commercial shoots and are available for video production and, editing projects.

About Ubiquity, Inc. (OTCBB: UBIQ)

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. Ubiquity's intellectual property and unique cloud-based technology combines Mobile as a Service ("MaaS") with Software as a Service ("SaaS") to enable its customers to structure their content and data in a mobile cloud to deliver innovative user experiences to their multiscreen communities and audiences worldwide. Through Ubiquity Labs the company is leveraging an extensive portfolio of intellectual property spanning Web 3.0, immersive advertising, video compression, content distribution, e-commerce, and mobile applications to support the commercialization of new technologies. In addition, Ubiquity intends to pursue strategic licensing opportunities. Ubiquity, Inc. owns 51% of Sprocket Hong Kong Ltd., and receives 60% of the revenue generated from Sprocket HK Ltd. For more information go to www.ubiquitycorp.com

About DJ SKEE

Recognized as one of the most influential figures in today's entertainment business by both Forbes & Billboard magazine, DJ SKEE is carving a new definition for what a DJ is. With a thriving career as an entertainer and multiple ventures under his umbrella, DJ SKEE is at the forefront of popular culture. As an entrepreneur and digital pioneer, he founded the biggest all original digital broadcast platform in the world, Dash Radio.

In raw numbers, DJ SKEE has generated over one billion media impressions in under a decade, and has a network of over 1 million social network followers, SKEE can be heard daily on the radio, seen performing at the biggest events across the world, heard scoring movies & video games or remixing todays biggest artists, running a record label, production company, and marketing agency as well as owning a retail store chain. For more information go to http://djSKEE.com/.

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, 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/A for the year ended December 31, 2014. 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.

Contacts:

Rubenstein PR
Loretta Mock
212-805-3067
[email protected]

Jeanne Turkheimer, Account Executive
212-805-3073
[email protected]

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SOURCE Ubiquity Inc.

Related Links

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