New CEO Juan Areco was already with the company as its Chief Operating Officer and fill both roles at the moment as CEO Joe Sirianni has stepped down. Mr. Areco stated “I’m honored to be entrusted with this new responsibility. My goals are simple – to grow this business, continue to work on company fundamentals, and build current and future revenue opportunities.” Shortly after the press release the bid size grew from 300 million to 500 million shares at .0002/.0003. Volume was nearly 2.5x its 30 day average. Overall feel from from the message boards were that a new CEO could bring on positive change and possibly open the flood gates for more news to come. $IMTV closed at .0003 up 50% on the day. Just recently as early July (5 weeks ago) IMTV hit .0031 (down 90% since then).
Imagination TV ($IMTV) is a diverse digital media company with a growing portfolio. Imagination TV delivers integrated digital marketing solutions, as well as the latest in content marketing, video, display and mobile advertising solutions, social intelligence and reporting across all screens. With unmatched local-to-national reach, Imagination TV is a one-stop-shop for agencies and brands that want to effectively and efficiently reach their target audiences on all screens.
Here is today’s PR:
Imagination TV, Inc. Appoints New Chief Executive Officer
PR Newswire
CASPER, Wyo., Aug. 15, 2017
CASPER, Wyo., Aug. 15, 2017 /PRNewswire/ — Imagination TV, Inc. (OTC PINK: IMTV) is pleased to announce that on August 15, 2017 it appointed Juan C. Areco as its new Chief Executive Officer and Director. Juan C. Areco will also continue as the Company’s Chief Operating Officer. Joe Sirianni has stepped down as the Company’s CEO and Director.
Joe Sirianni commented, “Mr. Areco’s experience, drive, energy, and passion for establishing a brand will be a good fit at Imagination TV. My goal was to bring on an experienced executive to operations while focusing on brand strategy and to engineer the next phase of Imagination TV’s future development.”
Mr. Sirianni continued, “The first phase for the company was to re-establish Imagination TV’s operating strategy, bring the company current, begin to restructure the company’s debt, and tackle the overall fundamentals of the business. I’d like to thank all of the current shareholders for believing in us and recognizing what a unique opportunity Imagination TV has ahead of itself.”
Juan Areco, new CEO and current COO, stated, “I’m honored to be entrusted with this new responsibility. My goals are simple – to grow this business, continue to work on company fundamentals, and build current and future revenue opportunities.”
Forward-Looking Statements:
Statements made in this press release that express the Company or management’s intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “will” and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company’s actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company’s forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company’s future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.
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