LOS ANGELES--(EON: Enhanced Online News)--Loton, Corp. (LTNR) announced that William Zaccheo, Principal of zTHREE, LLC, has joined Loton, Corp. as an advisor.
“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”
Mr. Zaccheo is a media executive who has been at the cutting edge of television and new video content and delivery systems. He was instrumental in launching E! Entertainment Television, NFL on ESPN, as well as the early rollouts of HBO and Cinemax. His efforts helped propel each network to become the marquee brands that they are today. Furthermore, he championed one of the first efforts to stream video, both live and on-demand, via the Internet in 1998 with ComedyNet.com.
Most recently Mr. Zaccheo Co-Founded and was CEO of WebVet, LLC a leading provider of news and information promoting the health and well-being of pets. “I am looking forward to leveraging my expertise and relationships in the media and entertainment industries and advise Loton with regards to its strategic direction,” commented Mr. Zaccheo.
“Bill is a fantastic addition to our Loton team,” commented Robert Ellin, Chairman and Chief Executive Officer of Loton, Corp. “We are continuing to recruit stellar industry and financial professionals to accelerate our entry into the music, entertainment, and branding segments.”
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.