WOWIO Signs License Agreement with Online Entertainment Company Lookhu; Companies to create new eBook distribution channel across mobile devices
WEST HOLLYWOOD, CA / ACCESSWIRE / August 15, 2014 / Wowio, Inc. (OTCBB:WWIO), a technology development and digital media company with a patented process and a proprietary mobile ad-delivery platform that will disrupt the eBook distribution landscape, today announced that the company has entered into a license agreement with Lookhu, Inc. to distribute ad-sponsored eBooks on a new channel on Lookhu's mobile distribution platform.
"We are very excited to launch the WOWIO channel on Lookhu and bring the power of ebooks to an audience that didn't know how fun they could be. We feel strongly that WOWIO is a diamond in the rough when it comes to under-exposed eCommerce companies. With so much quality content in the WOWIO library and the abundance of advertisers out there willing to work within the Wowio business model this should be a big hit for Lookhu, WOWIO and eBook fans alike," commented Byron Booker, Lookhu's CEO. "WOWIO's perspective on digital distribution of content matches our own vision and we are excited to be partnering with them."
WOWIO holds a proprietary patent that allows for the insertion of advertising into eBooks, a mobile eBook distribution platform, and a proprietary mobile ad network, providing the digital publishing distribution channel as a viable alternative to that of other content distribution outlets. "We are positioning WOWIO to be at the forefront of eBook distribution channels with an alternative path to revenues for authors and publishers – the ad-supported model – and we are excited about this first third-party application of our process," explained Brian Altounian, CEO of WOWIO. "Similarly, Lookhu has created an alternative access pathway to digital content, giving consumers the ability to program their content viewing whenever and wherever they are. That fits our targeted distribution goal as well."
Lookhu is available on all mobile platforms today and content can be accessed on a subscription basis, pay-per-view or for free with advertising. To learn more about Lookhu, viewers are encouraged to visit the company's website at http://www.lookhu.com.
About WOWIO, Inc.
WOWIO, Inc., (OTCBB:WWIO) is a technology development company with a patented process and a proprietary mobile ad-delivery platform that will disrupt the eBook distribution landscape by exploiting a previously untapped marketplace: AD-SUPPORTED eBOOKS! Our exclusive ownership of an issued patent that governs this opportunity allows us to expand our reach as a digital media company far beyond producing and distributing content across multiple platforms. WOWIO has built and acquired a number of digital media technologies, platforms and distribution outlets and is focusing its efforts on opportunities to create and monetize ancillary content product lines beyond eBooks and other forms of digital media. To learn more about WOWIO, please visit our corporate website at http://www.studiowdigital.com.
About Lookhu, Inc.
Lookhu is an online video service that offers a selection of popular and exclusive movies, TV shows, games and more on a free, ad-supported or paid commercial free service basis. Instantly stream just about any kind of entertainment found anywhere. Enjoy the most exclusive behind the scene videos from some of your favorite musician, personalities and celebrities. Explore a wide array of movies documentaries, music videos and more. For just $5.99 a month, LOOKHU Unlimited subscribers can access premium programming anytime on internet-connected TVs, smartphones, game consoles, set top boxes and additional devices, in HD (when available).
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
SOURCE: Wowio, Inc.