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Imagination TV Inc. Announces Share Buyback Program, to Further Clean Corporate Cap Structure


Imagination TV Inc. Announces Share Buyback Program, to Further Clean Corporate Cap Structure

PR Newswire

CASPER, Wyoming, August 15, 2018 /PRNewswire/ --

Imagination TV Inc. (IMTV) is pleased to announce that is has instituted a share buyback program whereby from August 15, 2018 to August 15, 2019 the Company will purchase shares of its common stock in open market transactions and then retire such share purchases for permanent cancellation. The Company will fund the share purchases by committing 20% of its revenue after expenses from each music and entertainment event during the 1-year period.

Juan Areco, CEO of Imagination TV, commented, "This is another step toward cleaning our corporate cap structure which proves our dedication toward continuing to grow a strong company that provides lasting shareholder value."

About Imagination TV Inc. 

Imagination TV Inc. is a publicly traded online media and entertainment company with a focus on the Music & Live Event industries.



Forward-Looking Statements: 

Statements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company's future financial performance, future revenues or its future stock price. There is no assurance that the amount of revenues after expenses from the music and entertainment events will be sufficient to make a material improvement in the Company's cap structure. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.




SOURCE Imagination TV Inc.

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