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ROK Acquires Jalipo Limited
ROK Entertainment Group Inc. (OTCBB:ROKE), the global mobile
entertainment group, announces that it has acquired 100% of the issued
and to be issued share capital of Jalipo Ltd for total consideration of
600,000 ordinary shares.
Jalipo Media Limited, a wholly owned subsidiary of Jalipo Ltd and the
only operating function therein, is a UK Registered IPTV company which
offers live streaming of TV content over the internet. Jalipo is the
first online marketplace for TV and video, allowing content owners to
use the internet to offer their channels, video-on-demand and live
events direct to viewers around the world.
“This acquisition is of great strategic
importance to ROK,†commented Laurence
Alexander, CEO of ROK, “as it furthers our
presence in the mobile TV market. There are significant synergies
between Jalipo’s product offering and our own,
which we look forward to incorporating within and, as a result,
enhancing, ROK’s delivery portfolio.â€Â
About ROK Entertainment Group Inc.
ROK Entertainment Group Inc., founded in 2004, is a global mobile
entertainment group.
With approximately 200 staff worldwide, ROK has filed more than 40
international patents for its suite of innovative mobile technologies.
With 3 billion mobile handsets in use worldwide, the mobile TV industry
is forecast to become a multi-billion dollar business within a few years.
ROK TV enables the streaming of live and on-demand TV to mobile
phones over mass-market 2.5G, as well as over 3G and Wi-Fi.
About Jalipo Limited
Jalipo Limited, a Guernsey Registered entity, is the holding company for
Jalipo Media Limited, a UK Registered IPTV company and the only
operating arm of the aforementioned business.
Jalipo is the first online marketplace for TV and video. It allows
content owners to use the Internet to offer their channels,
video-on-demand and live events direct to viewers around the world.
Jalipo aims to give users the best way to enjoy their content with the
minimum of fuss and deliver it to you in the best quality your broadband
can support. There's no download, just click and watch.
Forward-Looking Statement
The information contained in this new release, other than historical
information, consists of forward-looking statements that involve risks
and uncertainties that could cause actual results to differ materially
from those described in these statements. Forward-looking statements
regarding the timing of developing, testing and releasing existing and
new products, of marketing and selling them, of deriving revenues and
profits from them, as well as the effects of those revenues and profits
on the Group's margins and financial position, are uncertain because
many of the factors affecting the timing of those items are beyond the
Group's control.

