We covered MK Automotive, Inc. (OTCMKTS:MKAU) announcement of the acquisition of a new video streaming service aimed at “cord-cutters” back in February, and this month, that story is really beginning to pick up.
The mass exodus from traditionally-served television and video entertainment has spawned a rapidly growing industry all on its own. Something of a virtual revolution in digital media where pricey cable subscriptions are set to become a thing of the past. MKAU hopes to capture a wedge of that business with the Clikia video streaming service.
MK Automotive, Inc. (OTCMKTS:MKAU) in this month alone has provided multiple updates on Clikia. It started with the company meeting its goal of 500 users within the first month of uptime.
“We are extremely pleased with our results to date, our current market position and, most importantly, our Clikia APP,” said MKAU CEO and Clikia founder, David Loflin. “The initiation of our planned social media marketing campaign at the start of Q3 is expected to provide a great boost to our user base,” Mr. Loflin added.
We’ll be on the lookout for that social media campaign and the kind of impact it might have on MKAU and the Clikia user pool. The company believes Clikia’s entertainment streaming packages are flexible enough to satisfy younger consumer groups, as well as the traditional consumer groups who have become comfortable in securing a wide-ranging buffet of programming options from a single provider.
A few days later, MKAU debuted the first promotional video for Clikia’s subscription-based streaming service, which you can find at clikia.com/page/cutthecord.
Whenever people or companies have a potentially disruptive and equally exciting new product such as Clikia, it has become commonplace to see crowd-funding campaigns enter the equation and MKAU has chosen to go that route. This month also brought the announcement that the company had started a Kickstarter campaign, which is an excellent method of non-toxic funding that simultaneously generates interest in a product.
CEO and Clikia founder, David Loflin said, “Obtaining funds with zero dilution to our shareholders would be a significant follow-up to our recent convertible debt restructuring that removed approximately 4.7 billion shares from the market overhang,”
Last but certainly not least, Clikia obtained Apple iTunes Store approval, which is a critical milestone for any app-based, or app-enhanced service.
“Now, iPhone, iPad and AppleTV users can stream Clikia’s video and radio content on their devices anywhere, just as Amazon fire TV®, Amazon fire Tablet® and Roku® users have been doing for several weeks. Completing the suite of Clikia Apps ahead of expected expansion of our streaming packages puts us on solid footing going forward,” said Loflin.
While we must admit that MKAU’s plans are highly ambitious, there has been nothing to suggest that the company isn’t doing absolutely everything in its power to get the Clikia project off of the ground and keep it there, and we’re very interested in following the progress. To this point, since announcing the service, that progress has been rather rapid. For that reason we would expect to see more frequent updates from MKAU in the near future, on its rapidly unfolding plans. Want to follow the stock right along with us? It’s easy. Stay locked to Street Register for updates, and we’ll deliver important developments on MKAU as they unfold. In the meantime, if you’ve yet to sign up for our 100% free newsletter, do so now! Just enter your active email address into the box below and submit!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in MKAU stock, short or long.