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WOWIO Inc. To Form Wholly-Owned Subsidiary in Vancouver, Canada

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WOWIO North, Inc. will pool talent and content for development, production and transmedia distribution

WEST HOLLYWOOD, CA / ACCESSWIRE / October 9, 2014 / Wowio, Inc. (OTCBB:WWIO), a technology development and digital media company with a patented process and a proprietary mobile ad-delivery platform for eBooks, announced today that it plans to form a new subsidiary company based in Vancouver, Canada, tentatively called Wowio North, Inc. The newly formed entity will enable Wowio to form a digital media production company to access resources from the publishing, film and television, and web industries, while taking advantage of Canadian tax credits for publishing and production projects.

WOWIO's CEO Brian Altounian commented. "We believe the new business will be an extension of our core mission to increase revenues based on the development of distribution platforms for digital content. We are committed to growing our Canadian business thereby maximizing the business's flexibility when it comes to international content. The scalability of the new subsidiary could result in an excellent return on investment, which would be good for all the shareholders of the Company."

"The Canadian government and the Provincial governments have created incentive programs for all creative industries, which builds a solid high-quality talent pool, spurs economic growth and just makes good business sense," added Altounian. "In British Columbia alone, there are programs and incentives for the book publishing, interactive and digital media industries along with music, motion pictures and television. As we strive to build our business and asset base, we can look to take advantage of the economics of doing business in such a progressive location. In addition to our headquarters in the vibrant entertainment capital that is Los Angeles, we anticipate that Vancouver, Canada will be a welcoming and prosperous home for Wowio North."

About WOWIO, Inc.

WOWIO, Inc., (OTCBB:WWIO) is a technology development company with a patented process and a proprietary mobile ad-delivery platform that will disrupt the eBook distribution landscape by exploiting a previously untapped marketplace: ad-supported eBooks! Our exclusive ownership of an issued patent that governs this opportunity allows us to expand our reach as a digital media company far beyond producing and distributing content across multiple platforms. WOWIO has built and acquired a number of digital media technologies, platforms and distribution outlets and is focusing its efforts on opportunities to create and monetize ancillary content product lines beyond eBooks and other forms of digital media. To learn more about WOWIO, please visit our corporate website at http://www.studiowdigital.com.

Corporate contact:
Jacob Morris                          
(310) 807-8122                       
jmorris@wowio.com            

Shareholder Inquiries: 
Tom Becker
(702) 445-7038
ir@wowio.com 


Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

 

SOURCE: Wowio, Inc.