WOWIO Engages TekCapital to Identify and Expand its Technology Portfolio
WEST HOLLYWOOD, CA, January 20, 2015– 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 announcing its recent relationship with Tekcapital plc to identify potential technology opportunities to enhance WOWIO’s digital technology IP portfolio.
Tekcapital sources new technology from over 3,700 research institutions in over 160 countries, exploring avenues of intellectual properties for companies to acquire in order to expand, extend and enhance their current technology portfolios. “WOWIO was originally borne out of the University system when the original founders were looking for a way for their students to access textbook material without paying $200 to $500 per book,” stated Brian Altounian, the company’s CEO. “So it makes perfect sense to us that the expansion of our patent portfolio would also come from the world’s leading research institutions. Tekcapital has already identified some supplemental patents and other technology that are complementary to what we are currently developing and that may expand our horizons as we move into the execution phase of our product delivery.”
“We are glad to be working with WOWIO and are enthusiastic about Mr. Altounian’s vision for the digital distribution of eBook content. In our preliminary searches we have identified technologies that we believe may enhance WOWIO’s intellectual property position,” said Dr. Clifford M. Gross, Executive Chairman of Tekcapital plc (www.tekcapital.com).
The companies are currently honing their search criteria and have already identified synergistic technology candidates. Tekcapital have begun discussions with technology sources on behalf of WOWIO and the companies hope to consummate a transaction this fiscal 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: advertising-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:
Brian Altounian Juan Ferreira
(310) 807-8188 (407) 399-819
baltounian@wowio.com jferreira@ncsecurities.com
Safe Harbor Statement
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