BELLINGHAM, WA - viaeTeligis(Feb 26, 2014) - Vid3G, Inc. (OTC Pink: VIDG) wishes to update all shareholders on the significant corporate actions recently undertaken to rebrand the company and better reflect the business direction within the mobile technology space. The company has successfully changed the name and stock symbol to reflect its recent acquisition of the VID3G mobile video technologies. Vid3G is gearing up to launch its flagship mobile App for the Chinese and other Asian markets. This launch will encompass our video application that management believes will be vastly superior to anything currently available in the Chinese marketplace. Our technology team has put Vid3G on the brink of name recognition in the field of mobile video streaming.
Vid3G continues to develop and enhance our 9 patents and 18 patents pending registered with the Chinese Academy of Sciences, an institution founded in 1978, backed by more than 100 institutes in 20 cities across China. The Chinese Academy of Sciences is headquartered in Beijing and is considered the most important think tank in all of Asia.
Instagram, Twitter/Vine, as well asSnapchatare all banned in China, giving Vid3G's technologies a high probability of becoming the leader in this space, thus creating value for its shareholders. The ad platforms are already integrated which means after the initial launch we will continue to market in order to drive large numbers of users to Vid3G. The present and future of Vid3G is very bright.
Dan Clayton, CTO of Vid3G, states, "The marketing of our mobile app in China and the rest of Asia as well, will be propelled by our existing relationships with some of the largest social media companies. We have worked diligently for years on our technology and believe we have the perfect video streaming that will give the Chinese and other Asian markets the best option with the highest quality."
RoyBosa, President of Vid3G states, "Since August 2013 when we acquired the Vid3G technologies, we have made monumental strides in developing and perfecting our video streaming capabilities. We are very proud to be launching in the first quarter of 2014. With the launch near, we will continue to update all shareholders on any advances and challenges. Transparency is our motto, which is clearly demonstrated with our ongoing improvement in our financial reporting beginning with the steps being taken to soon be able to present audited financial statements for Vid3G."
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.The words or phrases "would be," "would allow," "intends to" "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this pressrelease and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.
SOURCE: Vid3G, Inc.