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| Home : Mobile Broadcasting Corp. Announces Negotiation for Funding Intended to Satisfy Letter of Intent for Acquisition by Progress Watch |
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Oct 20
2014 |
Mobile Broadcasting Corp. Announces Negotiation for Funding Intended to Satisfy Letter of Intent for Acquisition by Progress Watch |
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PISCATAWAY, NEW JERSEY--(Marketwired - Oct. 20, 2014) - Mobile Broadcasting Corp., a company formed and to be reacquired by Mobile Broadcasting Holding, Inc. (PINKSHEETS:PROW), formerly Progress Watch Corporation, announced today that Progress Watch Corp. and Briken LLC are in negotiation with a funding source for funding which it believes will be acceptable to Progress Watch to satisfy the most significant condition to going to contract for and closing of the Company's acquisition by Progress Watch. The other significant conditions relate to an audit of both companies' financial statements needed to file a registration statement with the Securities and Exchange Commission. |
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| Source:http://www.marketwired.com/mw/release.do?id=1959105&sourceType=3 |
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