One company that is on the rise is ubroadcast, Inc. An interactive company, ubroadcast.com is unique in that it allows users to produce and broadcast LIVE and On Demand television as well as radio in high quality. Today, ubroadcast took a major step towards enhancing their future with the announcement that they have acquired IVu Media Corporation.
IVu is a state-of-the-art software company that has developed a unique Video Content Management (VCM) System. The Alexandria, Virginia-based company uses utilizes the VCM System to work in a tandem with High Definition Playback technology which is an Internet broadcasting platform that has attracted a broad array of business which stem from Fortune 500 clients to Fox Sports and many international broadcasting firms in between.
While IVu was only formed in March of 2009, the young company has already generated total revenues of $446,000 with a net profit of $33,000. The acquisition in place will allow ubroadcast to acquire technologies that will enhance their Pay-Per-View and corporation communications capabilities.
ubroadcast will issue 10,000,000 common shares of their stock in exchange for all of the issued and outstanding securities of IVu Media. The acquisition of IVu will allow ubroadcast to continue their mission of bridging the gap between Internet video and traditional network radio and television.
ubroadcast is currently trading in the $0.02 range under their symbol (OTCBB: UBCI). With the acquisition of IVu Media and many interactive products in their pipeline, ubroadcast may grow into a company that will be recognized on Wall Street in the near future.
To learn more about ubroadcast, visit their website at: www.ubroadcast.com and you’ll see why the young company is starting to turn the heads of investors.
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