Imagination TV, Inc. (OTC Pink: IMTV) operates as a diverse digital media company. Shares of the digital media company are down 22.22%, through afternoon trading on Monday, June 26, 2017. Over the past month, Imagination TV, Inc. has seen average daily volume of 35.11 million shares on the day. However, volume of 357.21 million shares or dollar volume of $250,047, has already exchanged hands on Monday.
Shares of Imagination TV, Inc. are under pressure on Monday, after the company announced it has signed a white label agreement with Textmunication Holdings, Inc. (OTC Pink: TXHD). The deal gives Imagination TV, Inc. the right to sell SMS text messages to cannabis businesses for advertising and marketing purposes. The messages will be sent through the secured short code, 420-420. Here is the full press release detailing of the signed agreement:
Imagination TV, Inc. Press Release:
CASPER, Wyo., June 26, 2017 /PRNewswire/ — Imagination TV, Inc. (OTC PINK: IMTV) is pleased to announce that it has signed an agreement with Textmunication Holdings, Inc. giving Imagination TV rights to sell Short Message Services (SMS) to cannabis related businesses for purposes of marketing and advertising. The company has secured the short code, 420-420, and is currently in the process of provisioning the short code so that major carriers will be able to identify the number.
With this new service, the Company aims to specifically target the medical and recreational cannabis dispensary market. Providing a Short Message Service will allow dispensary owners to communicate via text message with customers providing updates on inventory delivery, special discount offers, and more. It will also give businesses valuable data and insight into their consumers’ behavior.
Joe Sirianni, CEO of Imagination TV, Inc. states, “This is a great opportunity to add to the services offering for our MJBBB.org property. There are other SMS services out there but we feel that this particular short code is very identifiable by most in the cannabis community. Provisioning typically takes about 4 weeks to complete and once finished, we’ll be able to start selling this service to cannabis businesses across the country. It was excellent being able to work with the team at Textmunication and we’re looking forward to the revenue share from this new line of service.”
Safe Harbor for Forward-Looking Statements:
This news release includes forward-looking statements. While these statements are made to convey to the public the company’s progress, business opportunities, and growth prospects, readers are cautioned that such forward-looking statements represent management’s opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The Company’s operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are and will be set forth in the company’s periodic filings with the U.S. Securities and Exchange Commission.