PlayBOX, Inc. (OTCBB: PYBX) is a media entertainment technology company offering a wide variety of distribution channels for new music artists. The company targets emerging artists and small-to-medium sized record labels that lack the knowledge or resources to create and manage their own online shop and distribution outlets. By offering clients services such as hosting, streaming, e-commerce, and digital rights management, combined with a high-value, professional platform from which to sell and promote their music, PlayBOX is starting to grow their distribution channels so that artists can also reach their public more quickly and in a much simpler way.
PlayBOX technology provides a reliable TV broadcast, including hardware, software, and all other related services. The company operates under five product families, including; traffic management, automation, channel branding, subtitling, and DVB workflow. All are essential to every TV or Internet broadcaster so that they can effectively run their television or network channel. The products are available as preassembled, installed, configured, and tested turn-key systems in most geographical regions.
The company recently signed a formal share purchase agreement to acquire 100% of the issued capital of Delta Leisure Group Plc (Delta), an established record company with an extensive catalog of major music CD’,s DVD’s, and videos throughout the UK and Europe. For PlayBOX, this pending purchase represents a significant milestone to become a world leader in the marketing and distribution of global media entertainment.
“Once this acquisition is complete, PlayBOX will control over 700 retail outlets in the UK, giving it the ability to quickly and effectively distribute newly purchased content. It’s a tremendous competitive advantage,” commented Robert Burden, CEO of PlayBOX. “Delta is just the beginning. PlayBOX has plans for aggressive growth through the further acquisition of complementary media entertainment businesses for the mutual benefit of the companies, emerging music artists, and PlayBOX shareholders alike,” Mr. Burden noted.
Delta has demonstrated growth and profitability on a consistent basis over the past 12 years, and PlayBOX intends to utilize Delta’s success while focusing on other possible acquisition opportunities. As of now, the management team has their eyes focused on three further acquisitions in the area of IP and copyright ownership, music-to-mobile platforms in niche social networking, and advertising-funded downloads.
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