ACCELERATED BUILIDING CONCEPTS ANNOUNCES NAME CHANGE AND REVERSE SPLIT
Sep 14, 2012
OTC Disclosure News Service
Pittsburgh, PA –
Accelerated Building Concepts Corporation (ABCC.PK) (the “Company”) today announced the effectiveness of its name change to WhereverTV Broadcasting Corporation. The Company also announced that its reverse split on a 1 for 100 basis was effective today and the stock would begin trading on a split-adjusted basis. The Company’s symbol will be ABCCD for 20 business days at which time a new symbol will be announced.
Mark Cavicchia, the Company’s Chief Executive Officer, stated, “these corporate actions complete the process of WhereverTV’s public transaction. Our common stock will now fully reflect the Company’s business plan and capitalization.”
As a result of the split, the Company has approximately 23,382,355 shares issued and outstanding. The number of shares of common stock subject to outstanding options and warrants issued by the Company will also be decreased proportionately. No fractional shares will be issued in connection with the split and stockholders who would be entitled to fractional shares will receive a whole share of common stock in lieu of receiving fractional shares.
About WhereverTV Broadcasting Corporation
WhereverTV is the next generation subscription television service, providing consumers with programming identical to existing cable satellite providers. WhereverTV delivers the same channels and events via an over the top (OTT) service platform to single-family, multi-family, high-rise and businesses throughout North America. The Company’s platform downlinks, encodes and broadcasts linear television programming cross the Public Internet to Connected Televisions, blu-ray players, set top boxes, tablet PCs, laptops, and smartphones. The WhereverTV platform manages broadcast rights across geographies and provides individual customer viewing experiences based on customer locations (geo-targeting) and content-rights management (subscriptions).For more information, visit www.wherever.tv.
This press release contains forward-looking statements that reflect the Company’s current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by GreenHouse Holdings, Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company’s control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company’s expectations include, but are not limited to, those factors that are disclosed under the heading “Risk Factors” and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.
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