WHITE PLAINS, NY / CRWEPRESSRELEASE / August 7, 2015 /Valuesetters, Inc. (OTCMKTS:VSTR) announced today that it has acquired a 5% interest in MadHat Media, a next-generation media technology company. MadHat plans to announce its highly differentiated low-cost IP service to the market later this summer. With this deal, VSTR will be advising MadHat Media’s management, and plans to leverage its mobile infrastructure to extend the MadHat TV value proposition.
“We’re very excited about what MadHat has developed. We believe it will change the media landscape. MadHat plans to bring the content people already enjoy to them conveniently wherever they are, at an unprecedented price point. We see tremendous synergies with our V-Star application, bringing a new type of triple-play to the mobile and device markets,” said Manuel Teixeira, chief executive officer of Valuesetters.
Valuesetters will maintain an advisory and commercial relationship with MadHat Media.
Alexandria Lynn, President of MadHat Media, stated, “In Valuesetters, we’ve found a true partner; someone who will expand our reach, and guide and support us as we officially launch our product later this summer.”
Valuesetters is an Internet-based company that seeks free subscribers and revenue-generating subscribers. The company operates on an automated basis with the belief that Internet operations, customer sign-ups, sales and game playing should occur without human intervention so that it can quickly expand in the event the number of subscribers begins to rapidly grow on a viral basis. Its focus is on the digital delivery of games, apps, movies and music. Valuesetters also takes equity positions in companies that are synergistic to the current operations. For more information, visit our web site at http://valuesetters.com/.
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. 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 our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume 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.
Manuel Teixeira / CEO
SOURCE: Valuesetters, Inc.