COMPTON, Calif., May 5, 2015 (GLOBE NEWSWIRE) -- Punch TV Studios and URBT (OTC:URBT) today announced the launch of their revolutionary new breakthrough technology, "Punch TV Live", the proprietary media platform for digital broadcasting. Punch TV Live allows for the digital distribution of high definition live streaming of multiple television networks, while seamlessly delivering content to urban viewers. The revolutionary new media platform introduces Punch TV Studios to a global audience, affirming its ability to dominate the urban market space.
The Punch TV Live technology provides a platform for viewers to evolve into the "TV Everywhere" concept, by giving them the ability to watch television on any device; including desktop computers, mobile phones, tablets and social media websites. Punch TV Studios currently broadcasts its namesake channel Punch TV, via the Punch TV Live technology on http://www.PunchTVStudios.com. Punch TV Live is the first step towards the company launching over 100 independent television networks on the "Punch TV Live App" which is scheduled for release in the first quarter of 2016.
The announcement of this revolutionary broadcast platform is only one of many new additions Punch TV Studios and URBT CEO Joseph Collins has planned. Since taking over URBT in October of 2014, Joseph Collins has concentrated on seeking innovative, technology-based strategies to breathe new life into the company. Collins' primary focus is developing advancements in the way the company delivers its signal and aggregates content, placing the company on the fast track to being the stand-out leader in the urban television marketplace.
"This is an exciting opportunity for our company and URBT stockholders," says Joseph Collins, "In the 1980's URBT became the first minority certified broadcasting company, and now we have implemented cutting edge technology that will revolutionize streaming television for the new urban American. We are breaking barriers in television!"
Punch TV Studios "Are you thirsty yet?"
PUNCH TV STUDIOS URBT SAFE HARBOR STATEMENT
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects, and cause actual results to differ materially from those described in the forward-looking statements, can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.