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March
7, 2010... All Aboard! Last call before the UBCI train leaves
the station... In an email received from uBroadcast, Inc. after our
Stockprowler Report of February 14, Jason Sunstein stated, "We
are acquiring 3 companies. First one (iVu Media) will close this week.
The next two will close next week. This will add $8M revenues and
a net of $900k; 160 employee; offices in Pakistan, Egypt, London and
Washington, D.C."
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Our
Power Pick for Sunday, February 14, 2010 is uBroadcast, Inc. (OTC
BB: UBCI) trading around 2 cents a share. It is
our opinion that uBroadcast represents an incredible ground floor
speculative opportunity as entertainment modalities accelerate their
migration to the Internet. The San Diego Business Journal ran
a story about uBroadcast with a headline stating that the market for
uBroadcast programs could be "Larger than MySpace and YouTube."
YouTube.com, founded in 2005, quickly grew to become a cultural phenomenon,
with thousands of users sharing home grown video clips on the Internet.
YouTube users upload upwards of 65,000 new videos daily and more than
100 million videos are viewed by Web "voyeurs" each day. Google Inc.
acquired YouTube in October 2006 for $1.65 billion!
.
At
uBroadcast.com, anyone can host a live, interactive television or
radio show over the Internet. uBroadcast.com allows users to produce
and broadcast Live and On Demand television and radio in high quality.
By blending this user-generated content and UBCI's own original programming
in a single application, uBroadcast.com bridges the gap between Internet
video and traditional network radio and television.
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uBroadcast.com's
10,000 channels, are free to users, standing in stark contrast to
cable and satellite networks, where users are required to pay significant
monthly fees for programming. In a January 1, 2010 New York Times
article, "Next Up on Cable TV, Higher Bill for Consumers," by Brian
Stelter it is stated: "These battles [for higher fees to content providers]
are playing out just as the television industry is coping with the
wrenching changes brought on by new competition from the Internet...
Viewers will increasingly be able to bypass pay TV service and watch
whatever they like online..."
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uBroadcast,
Inc. recently announced that its wholly-owned subsidiary, ubroadcast
Entertainment Group, is about to launch of a new broadcast site featuring
independent films in March 2010. John Castiglione, President of parent
company ubroadcast, inc., said, "The launch of this new premium programming
site by our wholly-owned subsidiary, should also leverage several
new technologies that we are anticipating from our recently announced
letter of intent to aquire iVU Media Corp., that has an impressive
client list, including; Fox Sports, Ford, Sony and Honda." Mr. Castiglione
stated, "Since Joe Yukich took over the helm at ubroadcast Entertainment
Group in the fourth quarter of 2009, progress has indeed been rapid.
Obviously our expectations are high, as this is the same Joe Yukich
who was formerly the COO of Motown Filworks & Animation and Senior
VP at parent company Motown Records." uBroadcast Entertainment Group,
has selected new offices for their Hollywood, California operations
in the former Warner Hollywood Studios. In addition to a physical
presence in the world's film and television capital, ubroadcast Entertainment
Group's new locale will have full access to administrative, production
and screening venues.
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uBroadcast
Entertainment President, Joe Yukich commented, "...Being surrounded
by some of the most successful professionals in the world of entertainment
provides us with a great opportunity to forge new partnerships. We
are excited to make the new home of uBroadcast Entertainment Group
in a place with such a rich Hollywood history."
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On
Jan 13, 2010 uBroadcast, Inc. announced that it has signed a letter
of intent to acquire Alexandria, VA-based iVu Media Corp., a developer
of a state-of-the-art Video Content Management (VCM) system that works
in tandem with High Definition Playback video technology. iVu Media's
clients include Fox Sports, Sony, Ford and Honda. For 2009, iVu Media
had revenues of less than $500,000. Founded in the fourth quarter
of 2008, iVu Media has offices in the United States, UK, and the Middle
East.
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iVu
Media's industry-leading video format and uncompromised Digital Rights
Management (DRM) software offer the most flexible all-in-one solution
for deploying high-quality internet video to millions of viewers worldwide
via the iVu Platform. Delivering up High Definition quality, full-screen
video over a range of bandwidths, iVu plays flawlessly on virtually
every computer with no player to download or install.
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Importantly,
Stockprowler readers should take note that the acquisition is
expected to be completed entirely with restricted uBroadcast stock
and no debt.
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Link
to July 31, 2009 Audio interview:
http://smallcapvoice.com/blog/7-31-09-audio-interview-with-ubroadcast-inc-otcbb-ubci/
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Further information on uBroadcast, Inc. is available at
http://uBroadcast.com
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Well, all right, that's it for now… place your bets, sit
back and relax. Remember, this is speculation not investing and quite
often we get rewarded BIG for taking a chance…
Stockprowler.com
does not receive compensation from companies we profile or from third
parties... we never have and never will. We use our own money when
we buy stocks, and even though we usually take a position in a stock
before we profile a company, our purchases are small relative to the
public float so that the effect on the stock price when we buy or
sell is minimal. Please read our full disclaimer.
Also,
contrary to a commonly held belief, Stockprowler does not have access
to insider information, nor do we want to because trading on insider
information is illegal! All information contained in our reports is
available in the public record... and any written or verbal communication
with company CEOs/IR people strictly adheres to this rule.
Readers
are urged to read the company SEC filings and do their own due diligence
before investing in this or any other stock.
Good
Trading... Stockprowler
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