IRVINE, Calif., March 26, 2015 /PRNewswire/ — Ubiquity, Inc. (OTCQB: UBIQ) (“Ubiquity” or the “Company”), a technology development and licensing company that holds an extensive portfolio of patents across multiple technology market verticals, announced today that the Company intends to acquire Magellan Holdings, LLC (“Magellan”), a software development company for stock and cash considerations. Per terms of the agreement, the team at Magellan will be integrated into Ubiquity at its Orange County offices to facilitate collaboration and will continue operations as a division within Ubiquity.

Magellan is a custom software development company founded in 2000. The company’s primary focus is developing mobile applications and Over-The-Top (“OTT”) media delivery services. Magellan’s OTT platform combines a cloud server, mobile client SDK, transcoding, payment gateway integration, among other features that enable content owners to create their own custom app “channel” for media monetization and distribution. Magellan has generated over $3.0 million in revenues as a result of applying its proprietary development platforms for media companies such as 2bPlatnuim and 21st Century Film Group as well as other clients such as U.S. Department of Homeland Security’s Science & Technology Division, BT Cellnet (now O2), Hutchison Whampoa, Loral Space Systems, iBEAM Broadcasting, and numerous startups.

“We’re thrilled to be able to bring together our technology and OTT market focus with Ubiquity and we’re excited for what the future holds for us as a joint development team,” said Greg McGregor, CEO of Magellan.

“We recognize that OTT media delivery has become the mainstream and preferred media delivery method for user audiences worldwide. Magellan is a company that has a strong track record of developing and deploying OTT technology for over 15 years. We are excited at the prospect of integrating their technology into our Sprocket platform which will give us greater reach into the startup, small business, enterprise, and government markets that Magellan has been serving for many years,” said Chris Carmichael, CEO of Ubiquity.

About Ubiquity, Inc.

Based in Irvine, CA, Ubiquity is a vertically integrated, technology-focused media company. Ubiquity is focused in five specific areas with a robust portfolio of patents and intellectual property. The Company has developed an intuitive user interface making access to all content from any device in a simple, consistent format, has enabled the search and identification of any object and image in all video and digital media, and has developed a platform for mobile transaction including the integration of payments, money transfers, coupons and gifts. The Sprocket is an industry-leading, intuitive, immersive consumer experience for all web-based activity, and allows for the personalization of all content, whether public or private, in a unique, accessible way.

Through Ubiquity Labs we are leveraging an extensive portfolio of intellectual property spanning Web 3.0, immersive advertising, video compression, content distribution, eCommerce, and mobile applications to support the commercialization of new technologies. In addition, we intend to pursue strategic licensing opportunities.

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Forward-Looking Statements

This news release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company’s current expectations. When used in this news release, the words “anticipate,” “belief,” “estimate,” “expect,” “hope,” “intend,” “may,” “plan,” “positioned,” “predict,” “project,” “propose,” “should,” “strategy,” “will” and the negative or other variation of these words or such variations thereon or comparable terminology, are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the failure of the business strategy, the integrity of the Company’s patents and proprietary intellectual property, and competition. The Company cautions that the foregoing list of risk factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. When relying on the Company’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events, including the risk factors set out in the Company’s 10K for the year ended December 31, 2013. See the sections entitled “Risk Factors” in Ubiquity’s quarterly and annual reports as filed by Ubiquity from time to time with the Securities and Exchange Commission. The Company has assumed that the material factors referred to above will not cause such forward-looking statements and information to differ materially from actual results or events.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.

THIS PRESS RELEASE AND THE DOCUMENTS REFERENCED IN THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OR ANY SOLICITATION OF AN OFFER FOR THE SALE OF ANY SECURITIES. ANY SUCH SALE THAT INVOLVES A PUBLIC OFFERING MAY ONLY BE MADE THROUGH A PROSPECTUS THAT IS INCLUDED IN A REGISTRATION STATEMENT THAT HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION AND IS EFFECTIVE.

Contact:

Investors:
KCSA Strategic Communications
Todd Fromer / Phil Carlson
tfromer@kcsa.com / pcarlson@kcsa.com
212-896-1215 / 212-896-1233

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SOURCE Ubiquity Inc.