Jan. 8, 2014
WOWIO, Inc., a company engaged in digital media creation and content distribution and committed to developing, producing and distributing engaging entertainment properties across the digital media landscape, today announced that the company’s registration statement on Form S-1 has been declared effective by the Securities Exchange Commission (SEC). WOWIO is now a fully reporting company under the Securities Exchange Act of 1934. The company has applied to have its shares quoted on the OTC Bulletin Board and is awaiting the assignment of a trading symbol.
“We are very pleased that our registration statement has been declared effective and that we are a public company. We can now turn our energies and focus to monetizing our assets and building a successful company for our shareholders,” said the company’s CEO, Brian Altounian.
The Company will not receive any proceeds from the sale of the Common Shares included in the Registration statement. Proceeds, if any, from the sale of the Common Shares will be for the respective account of each selling shareholder named in the Registration Statement. Mr. Altounian continues “WOWIO filed the Registration Statement with the goals of increasing liquidity for its shareholders and better supporting the development of the Company's assets.” The Registration Statement can be accessed through EDGAR via www.sec.gov.
About WOWIO, Inc.
WOWIO, Inc., doing business as StudioW Digital, is an established leader in digital media creation and content distribution, committed to developing, producing and distributing engaging entertainment properties across the digital media landscape. As a digital publishing company, StudioW is principally engaged in the monetization of the written word. Through creative and proprietary strategies and technologies, the company has identified a multi-layered “toolbox” approach to maximizing written content, both its own and that of other publishers. StudioW has acquired and built a number of digital media distribution outlets including The Duck Webcomics, PopGalaxy, Carthay Circle Publishing and wowio.com.
Investor Relations:
Tom Becker
(702) 445-7038
ir@wowio.com
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Media Contact
Jacob Morris
(310) 807-8122
jmorris@wowio.com