Monogram Energy Inc.'s/Marquis Tech Holdings' Releases Revenue Projections for its IPTV Service
NEW YORK--(BUSINESS WIRE)-- Monogram Energy, Inc. (Pink Sheets: MGRN) aka Marquis Tech Holdings, Inc. releases gross revenue projections for its wireless IPTV service for the years ending December 31, 2011, December 31, 2012 and December 31, 2013.
Through Astrolobe Technology, (a wholly owned subsidiary of Marquis Tech Holdings, Inc.), the Company will begin offering wireless IPTV services in Q4 2011. The Company recently announced Astrolobe Technology executives have signed a joint venture agreement with the owner of a "License to Transmit" to a major city in Guyana, South America. The Company will be offering both wireless internet as well as IPTV services.
By the fourth quarter of 2012, Marquis Tech Holdings projects its IPTV service to have 3,300 paying users and over 5,000 paying users by December 31, 2013. The Company has begun preliminary design work on the system and estimates it will take 4-6 months to get the system up and running.
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Twelve Months |
Twelve Months |
Twelve Months |
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| December 31,2011 | December 31,2012 | December 31,2013 | |||||
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Total Average
|
|||||||
| End of Period | 675 | 3,300 | 5,250 | ||||
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Gross Revenue: |
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| End of Period | $55,500 | $639,250 | $1,213,500 | ||||
Marquis indicated that the projections are conservative and very attainable given a modest assumption of 225 installations per month. These projections assume a one-time installation fee of $40 and an average monthly service charge of $20. The CEO, Saratu Phillips noted “the pricing is strategic and given the current thriving DVD market in the area, very affordable to our target market."
Mr. Phillips further explained: “While not substantial, this will be yet another component of our holdings company. The ultimate goal is to have numerous profitable holdings which will increase in value incrementally, year over year. We are not here to make a quick buck. We are here to build and develop a portfolio of assets and companies which we will be able to leverage in the future in order to do bigger deals, all the while using cash from operations for expansion.”
Specifics pricing was not announced as it has not yet been finalized, however the Company confirmed there will be different monthly packages of channels as well as on demand movies.
About Marquis Tech Holdings
Marquis Tech Holdings, Inc. is currently in the process of building a successful portfolio of revenue generating technology and real estate assets. In our role as managers, operators, and marketers of technologies we believe that leveraging our industry experience and capitalizing on our strategic relationships are the best ways to achieve profitable results. Marquis' company philosophy is to acquire domestic and international companies which possess an inherent competitive edge whether it's derived through written law, intellectual property, or government contracts and inject the capital necessary to maximize earnings while pooling resources and managing the logistics to ensure all acquisitions operate in efficient harmony.
OTC Markets Inc is a privately owned company based in New York that provides a suite of products and services for the U.S. OTC securities market. The company operates electronic quotations, trading, messaging, and information platforms.
Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
SOURCE: Monogram Energy, Inc.
CONTACT:
Monogram Energy, Inc.
Saratu Phillips
(646) 726-9850
InvestorRelations@monogramenergyinc.com
KEYWORDS: United States North America New York Washington
INDUSTRY KEYWORDS: Technology Data Management Electronic Design Automation Hardware Internet Telecommunications Mobile/Wireless
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