Las Vegas, NV -- (SBWIRE) -- 09/26/2013 -- Ubiquity Broadcasting Corp (OTCBB:UBIQ) announced that it has closed on its Agreement and Plan of Merger entered into on 5th March, 2013 with Ubiquity Acquisition Corporation and Ubiquity Broadcasting Corporation. Ubiquity issued one share of its common stock for each share of the common stock held by the UBC shareholders under the Merger.
As a result of the Merger, the public company adopted the operational charter of Ubiquity Broadcasting Corporation and would continue to operate under the name Ubiquity Broadcasting Corporation.
CEO of Ubiquity, Chris Carmichael stated that the company is extremely pleased to have completed this transaction. The company believes that it is poised to introduce a variety of technologies that are transformative in nature, spanning digital commerce, publishing, marketing and advertising, entertainment, data analytics, social media and Web 3.0 navigation. At Ubiquity Studios, the company is developing and producing high-quality content in the entertainment industry that would provide the clients and partners with world-class facilities and support. The completion of the merger is the first step of their strategy to drive shareholder value, creating a truly differentiated technology company.
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