MIAMI, March 12, 2019 (GLOBE NEWSWIRE) -- One Horizon Group, Inc. (OTCQB: OHGI) (the “Company”) today provided an update on the Company’s capital markets strategy.
Mark White, Founder and CEO of One Horizon, commented, “We continue to execute on our strategy of building a premier media and digital technologies company, as illustrated by our recent agreement to acquire a majority interest in MAHAM. At the same time, we are gaining traction and expanding the capabilities of our 123Wish Platform technologies and we are looking forward to a successful launch of MAHAM live stream yoga classes. We have strengthened our balance sheet with the recent sale of our majority interest in Banana Whale Studios Pte, Ltd. for $2,000,000.”
“Despite all this progress, we experienced challenges meeting the qualifications for NASDAQ. Both the management and Board agreed it would be in our best interest to voluntarily delist and enter the OTCQB market, which will allow us to further execute on our business strategy, while reducing our public company expenses,” continued White. “Upon achievement of several near-term milestones, our plan is to resubmit to list on a national exchange. In the meantime, I believe we have an outstanding team in place, with a solid growth strategy to drive shareholder value. We have also hired Crescendo Communications for investor relations services, which we believe will help to us better articulate our strategy and increase our exposure within the capital markets. We look forward to providing further updates to shareholders as developments unfold.”
About One Horizon Group, Inc.
One Horizon Group, Inc. is a media and digital technology acquisition and software company, which owns Love Media House, a full-service music production, artist representation and digital media business and Horizon Secure Messaging, an Asia-based secure messaging business. The Company also holds a majority interest in 123Wish, a subscription-based, experience marketplace, as well as majority interest in Browning Productions & Entertainment, Inc., a full-service digital media and television production company. For more information, see http://www.onehorizoninc.com/
Safe Harbor Statement
This news release may contain “forward-looking” statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ from those in the forward looking-statements. Potential risks include such factors as the inability to enter into agreements with parties with whom we are in discussions, the uncertainty of consumer demand for the Company’s products, as well as additional risks and uncertainties that are identified and described in the Company’s SEC reports. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.
Contact
Crescendo Communications, LLC
212-671-1021
OHGI@crescendo-ir.com