Purespectrum Inc. (PSRU:OTC) Acquires Iconic Sherman Oaks Newsstand
LOS ANGELES, Oct. 18, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Purespectrum Inc. (PSRU:OTC) is pleased to announce that it has acquired the iconic Sherman Oaks Newsstand to add to its media distribution empire. Existing management and staff will remain in place.
The Sherman Oaks Newsstand has been serving newspapers, magazines, and more since 1949 and has become a key tourist attraction in Los Angeles. Celebrities often frequent the newsstand and, over a long history, it has become a center point for culture. The following link below shows Kim Kardashian being lured to the newsstand by one of its various publications:
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Stocking a wide variety of publications, there are plans for the Sherman Oaks Newsstand to become the first of its kind to combine live content production and print media by utilizing OKTV’s production abilities to create programming focused around magazine topics. There is also a celebrity news segment show in the works, produced and distributed by OKTV (Opportunity Knocks), a wholly owned subsidiary of Purespectrum Inc.(PSRU:OTC).
Commenting on the new strategic acquisition, Purespectrum CEO, Xavier Mitchell, states: “The Sherman Oak Newsstand is truly an LA icon and, with such a long history stretching back to 1949, it has developed a place in LA consciousness. It’s a privilege to work with such a powerhouse to now add creative methods in bringing this heritage business into today’s mainstream media.”
Updates will be forthcoming.
About Purespectrum
Purespectrum Inc. (PSRU:OTC) is a publicly-traded holding company that looks to acquire various media entities in order to build a conglomerate with competitive advantages that can compete on a global scale.
About OKTV
OKTV (Opportunity Knocks) is a broadcast entertainment network offering 24/7, 365 days a year programming. Viewers are able to enjoy original programming, TV series, documentaries and feature films across a wide variety of genres. The network can be watched from viewers as much as they want, anytime, anywhere, on any Internet-connected screen TV or mobile device.
The network is available in the U.S. on DirectTV, and also accessible via Roku, Amazon Fire, and Rabbit TV. OKTV also streams live on its Facebook page and via Phillips and Samsung Smart TVs, as well as on the app TVtogo.
Legal Notice Regarding Forward-Looking Statements:
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. That includes the possibility that the business outlined in this press release cannot be concluded for some reason. That could be as a result of technical, installation, permitting or other problems that were not anticipated. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Purespectrum Inc. to be materially different from the statements made herein. Except for any obligation under the U.S. federal securities laws, Purespectrum Inc. undertakes no obligation to publicly update any forward-looking statement as a result of new information, future events or otherwise.
Contact Information:
Pam Brussard
747-666-5677
Social Media
@oktvlive
@shermanoaksnews
