Miami, Jan. 22, 2015 (GLOBE NEWSWIRE) -- Select-TV Solutions, Inc. ("SELT" or the "Company") (OTCQB:SELT) announced today that it has signed a Memorandum of Understanding indicating its intent to merge with Cannonco PLC, an UK Based Company, subject to meeting certain Pre-IPO financing conditions. Select-TV Solutions Inc and Select-TV Malaysia will merge into Cannonco PLC subject to raising $8,000,000 Pre-IPO financing and approval by their respective boards of director.
Cannonco and Select-TV have also entered into an agreement with a London-based Nomad and brokerage firm under which an AIM Listing is planned. The firm will act as nominated advisor and broker to the Company in relation to the proposed admission of its shares to trading on AIM and the associated fundraising.
Select-TV Solutions, Inc.'s Chairman, Philippe Germain stated "I'm very pleased to announce this development, which is intended to help accelerate our global growth strategy and to create value for our shareholders."
About Select-TV Solutions, Inc.
Select-TV Solutions Inc. is an operation company focused on the hospitality industry. The company delivers a wide variety of entertainment. "virtual concierge'', promotional and transactional services through its interactive TV system and mobile applications platforms, enabling each hotel to offer a uniquely personalized suite of on-demand content and services to its guess
DISCLAIMER:
Forward-Looking Statements: Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation expectations, beliefs, plans and objectives regarding the development, use and marketability of products. Such forward-looking statements are based on present circumstances and on SELT's predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to successfully develop and market products, consumer and business consumption habits, the ability to fund operations and other factors over which SELT has little or no control. Such forward-looking statements are made only as of the date of this release, and SELT assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties and other factors are discussed in documents filed from time to time by SELT with the Securities and Exchange Commission. This press release does not and shall not constitute an offer to sell or the solicitation of any offer to buy any of the securities, nor shall there be any sale of the securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The securities have not been registered under the Securities Act of 1933, as amended (the "Securities Act") or any state securities laws, and may not be offered or sold in the United States absent registration, or an applicable exemption from registration, under the Securities Act and applicable state securities laws.
FOR MORE INFORMATION PLEASE VISIT OUR WEBSITE AT http://selectvsolutions.com Or CONTACT:
Antonio Treminio, Investor Relations
Tel: +1-212-315-9705
Email: info@SelecTVSolutions.com
HUG#1888739