Reston, VA, February 22, 2018 --(PR.com
)-- Reston, Virginia based BCAST, a new media broadcasting network set to transform how individuals access live events, people and activities, today announced that it has begun the process of re-engineering its existing back end live streaming video application and delivery infrastructure to incorporate distributed Block-Chain attributes maximizing video delivery cost efficiency while minimizing latency. In addition, BCAST is creating the "BCAST Broadcasting Token" and launching an Initial Coin Offering (ICO) this Summer.
Mike Hodge – CEO of BCAST explains: “Our goal is to leverage the coming convergence of 5G broadband and block-chain distributed 'edge' computing/CDN to become a destination content portal for virtual reality, augmented reality and 360 video delivered to web, mobile devices and VR headsets. The new peer-to-peer efficiencies that Block-Chain engineering brings are substantial. Further, with the launch this summer of our BCAST Cryptocurrency we will have a mechanism and capital to compensate content partners and in some instances our users catapulting our growth.”
BCAST intends to be among the first companies in the US to fully comply with all SEC reporting/regulatory requirements related to an Initial Coin Offering and as such expects the legal and regulatory time frame until the ICO is launched to be approximately 4-5 months.
BCAST is a cloud based mobile social broadcasting network/platform which provides “live” broadcasting capabilities to and from mobile devices, the web and smart TV’s.
Bcast is founded on the principal of using new ideas, methodologies and emerging technologies to bring live and archived streaming video to every day life in ways historically unavailable. In this way we seek to use our streaming platform to genuinely enhance peoples lives in the areas of social media, entertainment, news, public safety and emergency response.
Readers of this release are advised of the following:
(1) No money or other consideration is being solicited, and if sent in response, will not be accepted;
(2) No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date; and
(3) A person's indication of interest involves no obligation or commitment of any kind.
Cautionary Statement Regarding Forward-Looking Statements
The foregoing contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We intend for these forward-looking statements to be covered by the safe harbor provisions of the federal securities laws relating to forward-looking statements. These forward-looking statements include statements relating to, or representing management's beliefs about, our future transactions, strategies, operations, events and financial results. Such forward-looking statements often contain words such as "will," "anticipate," "believe," "plan," "estimate," "expect," "intend," "is targeting," "may," "should" and other similar words or expressions. Forward-looking statements are made based upon management's current expectations and beliefs and are not guarantees of future performance. Our actual business, financial condition or results of operations may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties, including those which are unforeseeable. We do not undertake or plan to update or revise forward-looking statements to reflect actual results, changes in plans, assumptions, estimates or projections, or other circumstances occurring after the date of this news release, even if such results, changes or circumstances make it clear that any forward-looking information will not be realized.
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