This thing hit .80/PPS in March. Now it is trading for .018/PPS after yesterdays 80% increase. Might be a good time to get in since this is the first news in months.
B-2 Digital Inc. and Eagle West Communications Inc. Enters into an Agreement with International Cable Inc. for the Purchase of Goods and Equipment to Be Used in the Cable Television and Internet Markets
Business Wire via COMTEX
Sep 5, 2007 5:24:01 PM
B-2 Digital in Conjunction with Eagle West Communications, Inc. a Privately Owned Cable Television Operator Has Entered into an Agreement with International Cable, Inc. a Privately Owned Cable Equipment Supplier Located in Avon, MA. Under This Agreement International Cable, Inc. Has Agreed to Accept B-2 Digital Restricted Stock in Exchange for Cable Television and Internet Equipment. International Cable, Inc. Has Agreed to Set the Base Price of the Shares at $.50.
PHOENIX, Sep 05, 2007 (BUSINESS WIRE) --
B-2 Digital Inc. (OTCBB: BTOD), In conjunction with Eagle West Communications, Inc. a privately owned Cable Television operator that manages Cable Television assets of B-2 Digital. B-2 Digital entered into an asset purchase agreement for several rural Cable Television franchises earlier this year. B-2 Digital through it subsidiary company Hotel Movie Network a provider of in-room, on-demand video entertainment, and satellite services to the domestic lodging industry. It provides pay-per-view services. The company also provides for in-room viewing of select cable channels and other interactive and information services, including high-speed Internet access. In addition, along with delivery of Hollywood movies, sports, and live events, as well as various types of pay-per-view content. The company primarily has provided its services under long-term contracts to hotels, hotel management companies and individually owned and franchised hotel properties.
Under this new agreement with International Cable, Inc. B-2 Digital will be able to advance the Cable Franchises with less out of pocket expenses. Under this agreement International Cable, Inc. has agreed to accept B-2 Digital restricted stock as payment for Cable Television and Internet related equipment for use in their rural franchises. This is just another area under the Board of Directors direction the company has chosen to move further into the cable television market. Adding this to the current Compression technology developed by PCS Engineering, which allows seven programs to run in a format where one is used in the analog format. By using a smaller bandwidth and offering seven times as many programs B-2 Digital will over come many of the problems found in distribution systems used in the rural cable television and internet markets. This will allow B-2 Digital to expand its digital technology into the cable television market at a much faster pace by use of this equipment from International Cable, Inc.
Paul D.H. LaBarre, Chief Operating Officer of B-2 Digital Inc, said, "We truly thank Mr. Jeffrey Fruman of International Cable, Inc. for entering into this type of agreement with B-2 Digital. We at B-2 Digital are happy to see that many persons in the industry see that rural cable areas have a great future. This agreement will allow B-2 Digital to expand its cable and Internet offering with far less out of pocket expenses. This will allow us to raise the subscriber base and increase our income."
Statements continued herein that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the Company's ability to obtain additional financing and the demand for the Company's products. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S., Securities and Exchange Commission.
SOURCE: B-2 Digital, Inc.
B-2 Digital, Inc. Paul D.H. LaBarre, Chief Operating Officer, 480-813-8371 www.b2digital.us