LOS ANGELES--(EON: Enhanced Online News)--Loton, Corp. (LTNR) announced that Shaquille O’Neal, former NBA star, has joined the Loton, Corp. Advisory Board.
“any development stage company that is issuing a penny stock, within the meaning of Section 3(a)(51) and Rule 3a51-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”
Dr. O’Neal won four NBA championships as a member of the Los Angeles Lakers and Miami Heat. His individual accolades include the 1999-00 MVP award, the 1992–93 NBA Rookie of the Year award, 15 All-Star game selections, three All-Star Game MVPs, three Finals MVPs, two scoring titles, 14 All-NBA team selections and three NBA All-Defensive Team selections. He currently ranks fifth all-time in points scored, sixth in field goals, 15th in rebounds and seventh in blocks.
After his retirement, O’Neal was hired by Turner to serve as an NBA analyst on their five-time Emmy-winning show, “Inside the NBA”. O’Neal also has a development deal with Turner to star or executive produce various shows across the Turner family of networks. He just wrapped up filming the second season of the show “Upload with Shaquille O’Neal”, which airs on Tru TV, and also served as the two-time 2012 and 2013 host of the Hall of Game Awards, airing on Cartoon Network.
Shaquille O’Neal is a partial owner of the NBA’s Sacramento Kings and has been a first-mover on the technology front. He was an early adopter of Twitter and was also the first verified account. O’Neal currently has over 7.5 million followers on Twitter, 3.5 million likes on Facebook, 195,000 followers on Instagram and 62,000 followers on Tout. He also has over 95,000 subscribers and over 9.5 million views of his YouTube comedy channel, The Comedy Shaq. He also has a stake in the company Tout, which is a 15-second video social media company.
“I have been very fortunate to be involved in all areas of entertainment, media and technology,” commented Dr. O’Neal. “I am excited to be involved with Loton. They have assembled a first-rate team and I am looking forward to adding value to the company.”
“Shaq is a fantastic addition to the Loton Advisory Board,” commented Robert Ellin, Chairman and Chief Executive Officer of Loton, Corp. “He is a larger than life personality who will provide a unique perspective while building our new media company.”
About Loton, Corp.
Loton, Corp. is currently considered to be a “blank check” company. The U.S. Securities and Exchange Commission (the “SEC”) defines those companies as “any development stage company that is issuing a penny stock, within the meaning of Section 3(a)(51) and Rule 3a51-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and that has no specific business plan or purpose, or has indicated that its business plan is to merge with an unidentified company or companies. The Company’s principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with a business rather than immediate, short-term earnings. The Company will not restrict its potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business.
Forward Looking Statement
Statements in this news release concerning future results from operations, financial position, economic conditions, product releases and any other statement that may be construed as a prediction of future performance or events are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements. These factors include uncertainties as to levels of orders, ability to record revenues, release schedules, market acceptance of new products, changes in economic conditions and market demand, pricing and other activities by competitors, and other risks including those described from time to time in the Company’s filings on Forms 10K and 10Q with the Securities and Exchange Commission (SEC), press releases and other communications.