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Motion Entertainment Launches Cutting Edge Technology Subsidiary for $970 Billion US Tourism and Concert Sectors
SALT LAKE CITY, March 20, 2017 /PRNewswire/ --
Motion Entertainment Group (USOTC: COBI) today announced the launch of Events in Motion, a technology subsidiary focused on providing world-class event, concert and travel apps within the US market. The event, travel and music concert industries represented a combined $970 billion in revenue across the United Stated in 2015.
Events in Motion will offer disruptive apps as white-label solutions at highly competitive price-points to meet the needs of all three markets, and to upset a balance of power where established giants overcharge and underservice small, medium and large-scale clients alike.
Studies in 2016 and 2017, conducted by global events and tourism organizations, have indicated a growing appetite for event apps, and a growing appreciation of the value that they can provide. Events in Motion has a developed solution that is already in-market and proven globally, and the Company is bringing the product to the USA, anticipating immediate and significant results thanks to enhanced value offers and pricing models, and industry surveys that illustrate a 12% increase in desire for mobile event apps within the US alone.
As mentioned, the apps are developed and proven, and Events in Motion has already secured an initial client base for hundreds of tours in the travel sector, which will be formally announced later this month. The standard version of these apps offer the cutting edge-features that clients expect, and the simplicity and scalability of a cloud-based platform. Further, the Company is willing and able to customise the cloud-based apps and platform to create unique features and interfaces to meet unique client needs.
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This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing, and regulatory and shareholder approval for anticipated actions.
Steven Smith, Interim President
Motion Entertainment Group Inc. fka Compass Biotechnologies Inc.
SOURCE Motion Entertainment Group
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