Purespectrum Inc. (PSRU:OTC) Acquires Iconic Sherman Oaks Newsstand
October 18 2018 - 10:00AM
InvestorsHub NewsWire
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Purespectrum
Inc. (PSRU:OTC)
Acquires Iconic Sherman
Oaks Newsstand
Los Angeles, CA --
October 18, 2018 --
InvestorsHub NewsWire --
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:
(https://www.google.com/search?q=sherman+oaks+newsstand+celebrities&source=lnms&tbm=isch&sa=X&ved=0ahUKEwj99-6qmIveAhVOyYMKHV7pBIIQ_AUIDygC&biw=1440&bih=709#imgrc=lxcw33uStpJryM:)
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
publicity@myoktv.com
Social
Media
@oktvlive
@shermanoaksnews
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