WOWIO, Inc. CEO Provides Update to Shareholders
WEST HOLLYWOOD, CA, December 3rd, 2014– Wowio, Inc. (OTCBB:WWIO), a digital media company with a patented process for inserting ads into eBooks, a mobile eBook distribution platform, and a proprietary mobile ad network, today is providing shareholders with an overview of the company’s achievements year-to-date and its positioning for 2015.
“2014 proved to be a milestone year for WOWIO,” said CEO Brian Altounian. "Top among the list of achievements, we accomplished our goal of getting out to the public market this year, giving our exiting shareholders the opportunity to have liquidation while giving new investors the opportunity to participate in this exciting space. By going to the public market, the company now has access to capital for operations and growth, in addition to using the public market forum as a means to publicize the company’s activities on a global scale.”
As announced earlier this year, the company is establishing a Canadian subsidiary to access content for multiple forms of media production and distribution within and outside the United States. This move gives the company the same opportunities that major Hollywood studios have been taking advantage of for many years. In 2014, WOWIO also launched a beta version of its mobile eBook distribution app on the Android operating system to give consumers an alternative to the eBook marketplace as well as showcase the hundreds of independent publishers with whom WOWIO has current and ongoing relationships. WOWIO is currently developing a multi-platform release that it hopes to launch in Q1 of 2015. In addition, the company expects to develop a plug-in module for online- and mobile-ad networks to be able to add eBook pages as additional inventory to satisfy the mobile ad market – a market that is projected to reach $95 Billion by 2018, according to eMarketer. The company is looking at each of these platforms as a way to take advantage of its proprietary patent of delivering ads in eBooks based on demographic information of each reader.
“As we look to 2015, we are very excited about the goals for the company and playing a part in redefining some major aspects of the digital media discussion,” continued Altounian. “In addition to product release across mobile and digital platforms, we are looking at the evolution of the definition of an eBook and advertising in the new digital age.” With the proliferation of smartphones, tablets and other multi-use mobile devices, it is clear that consumers are accessing all media content whenever, wherever and however they like. But as the platforms evolve, so too will the content on these platforms. Altounian asserted “I don’t believe that ‘flipping’ through digital pages of an electronic copy of a book takes advantage of the digital medium to its fullest potential. Storytelling through eBooks is going to look a whole lot different in 5 years than it looks today and I think the same general idea can be said for industry-standard forms of advertising and their need to evolve to catch the attention of the consumer without being disruptive to the process. Creating a value proposition for all stakeholders in the ads-in-ebooks distribution chain – that’s where WOWIO will be focusing its development strategy for 2015. It is an exciting time to be in this industry and we hope our shareholders and prospective investors will also be excited about our prospects in the coming year.”
About WOWIO, Inc.
WOWIO, Inc., (OTCBB:WWIO) is a technology development company with a patented process and a proprietary mobile ad-delivery platform that will disrupt the eBook distribution landscape by exploiting a previously untapped marketplace: AD-SUPPORTED eBOOKS! Our exclusive ownership of an issued patent that governs this opportunity allows us to expand our reach as a digital media company far beyond producing and distributing content across multiple platforms. WOWIO has built and acquired a number of digital media technologies, platforms and distribution outlets and is focusing its efforts on opportunities to create and monetize ancillary content product lines beyond eBooks and other forms of digital media. To learn more about WOWIO, please visit our corporate website at http://www.studiowdigital.com.
Corporate contact: Shareholder Inquiries:
Jacob Morris Juan Ferreira
(310) 807-8122 (407) 399-8190
jmorris@wowio.com jferreira@ncsecurities.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.