Hello everyone. I have real low floater that produced NEWS today and hit my radar for the first time-Innovativ Media Group, Inc. (INMG). This company just acquired CannaNet.TV, an online, ad supported channel that will stream curated and original entertainment, informational and educational content related to the Cannabis culture and industry. CannaNet.TV will offer worldwide audiences a broad mix of live action and animated series, specials, news programs, music videos and tutorials in both English and German. The CEO of Innovativ Media Group, Inc, Tom Coleman. He is a very big name in the movie industry as and executive producer. See his credits below or on this link – https://en.wikipedia.org/wiki/Tom_Coleman
First lets have a look at the latest share structure for the company. INMG is fully up to date in filings and current on otcmarkets.com.
INMG Security Details
Market Value1 $298,759 a/o Apr 11, 2017
Authorized Shares 250,000,000 a/o Nov 04, 2016
Outstanding Shares 186,724,670 a/o Feb 03, 2017
Float 57,111,602 a/o Feb 03, 2017
Secondly, lets have a look at the annual report just filed less than a week ago. Here are some highlights from the report.
1- $185,995 reported annual revenue
2- $43,552 reported profit
3- 0 Convertible Debt and very little debt on the books.
4- Approximately $2.7M in assets and STOCK HOLDERS EQUITY
This is a true rarity in the OTC Land to have such a high level of stockholders equity and virtually $0 Debt, and more importantly no toxic convertible debt.
Next lets look at the recent press releases:
Innovativ Media (INMG) Posts Record 2016 Financial Results
Revenues increase over 88% and EBITDA over 2200%
LOS ANGELES, CA–(Marketwired – Mar 8, 2017) – Innovativ Media Group, Inc. (OTC PINK: INMG) (“Company”), a multi-media content producer and distributor, today announced record results for its fiscal year ended December 31, 2016. Company revenues increased over 88% from $98,792 to $185,995 and EBITDA increased by over 2200% from $1,880 to $43,552, the highest in Company history. The Company has posted 6 Quarters of successive earnings since acquiring the Innovativ Media entertainment assets in mid-2015.
“The INMG media assets provide the Company with a stable and reliable base from which we intend to build upon in the coming months with several new projects we have been developing,” said Company CEO Tom Coleman.
About Innovativ Media Group, Inc.
Innovativ Media Group (Innovativ) is a developer, producer and distributor of digital entertainment and other multi-media content. It distributes the motion picture assets of Lux Digital Pictures and, via New Broadway Cinema, develops adaptations of stage shows utilizing its trademarked DigiTheater™ Virtual Reality process. Innovativ also operates The Alien Interview Channel on YouTube, the online channel HPLovecraft.TV and is a principal in the Film Finance Exchange. http://innovativmedia.com
And of course the PR on April 12-
LOS ANGELES, CA – April 12, 2017 – (IHub News Wire), Innovativ Media Group, Inc. (OTCPK:INMG) (“Company”), a multi-media content producer and distributor, today announced it has acquired the media assets of Canna TV OÜ and will be launching a new online, ad supported platform and channel CannaNet.TV http://cannanet.tv/ which will stream curated and original entertainment, informational and educational video content related to the Cannabis and CBD culture and industries. CannaNet.TV http://cannanet.tv/ will program a broad mix of live action and animated series, news shows, specials, music videos and tutorials on an independent platform and expects to eventually offer interactive and ecommerce applications.
“Successful new video networks require large, organized communities and clearly defined audiences and we believe the burgeoning Cannabis space will enthusiastically respond to and support a professionally programmed and managed channel” said Company CEO Tom Coleman. Coleman continued “When these assets became available we moved fast as they will give us a foundation to jump start and develop the network. We expect the platform will be an attractive advertising medium for a wide range of Cannabis and CBD related businesses, products and services looking to target customers, which to date, have had limited online advertising options”.
So, what we have coming here is a platform for the cannabis culture and industry that will provide all types of content and have multiple revenue streams. The CEO, Tom Coleman has a very successful track record as an executive producer in many major movie credits along with a strong knowledge in the digital content media spectrum. https://en.wikipedia.org/wiki/Tom_Coleman
Tom Coleman, also credited as Thomas J. Coleman and T. Joseph Coleman, founded the Atlantic Entertainment Group, private independent film and television company, in 1975 and served as its president. He became chairman and CEO of Prism Entertainment when the company merged with Atlantic in 1988. Coleman was chairman of Independent Entertainment Group. Rocket Pictures, an indie production company, was founded by Coleman in 1992. He is an Executive member of the Academy of Motion Picture Arts and Sciences, and an industry consultant for the Zurich Consulting Group based in Switzerland. In July 2001, he became CEO, President and director of Sun Network Group. Coleman is the Lead Producer of the musical “ModRock.” Under his nom de plume, Hagan Thomas-Jones, Coleman is a member of the Dramatists Guild. Tom is currently CEO of Innovativ Media Group, a developer, producer and distributor of multi-media content. It has acquired many of the assets of Lux Digital Pictures including a library of feature motion pictures and, via New Broadway Cinema, produces adaptations of stage shows utilizing its trademarked DigiTheater™ virtual reality process. Innovativ also operates The Alien Channel on YouTube, in partnership with FullScreen, Inc., is developing the new web series Just Smart People, the customized movie title search destination VOD Movie Guide and is a principal in the Film Finance Exchange.
The Day the Music Died (Documentary) 1977 Producer
Madame Rosa(drama) 1978 Executive Producer
Valley Girl 1983 Executive Producer
Alphabet City 1984 Executive Producer
Night of the Comet 1984 Executive Producer
Teen Wolf 1985 Executive Producer
Roadhouse 66 1985 Executive Producer
Starchaser: The Legend of Orin 1985 Executive Producer
Nomads 1986 Executive Producer
The Adventures of the American Rabbit 1986 Executive Producer
Extremities 1986 Executive Producer
The Men’s Club 1986 Executive Producer
Modern Girls 1986 Executive Producer
Nutcracker: The Motion Picture 1986 Executive Producer
Wild Thing 1987 Executive Producer
Steele Justice 1987 Executive Producer
Summer Heat 1987 Executive Producer
The Garbage Pail Kids Movie 1987 Executive Producer
Teen Wolf Too 1987 Executive Producer
Cop 1988 Executive Producer
Patty Hearst 1988 Executive Producer
1969 1988 Executive Producer
It Came from the Sky 1999 Executive Producer
In closing, I’m very excited to bring the Innovativ Media Group to you in my blog. I look for many good things to come from this company with its new acquisition and all the current projects already in progress. Finally, with the current share structure, particularly the float along with the fantastic annual report/financials, all bodes well for Innovativ Media Group, Inc. (INMG) to be a major winner in 2017.
As always, please do your own due diligence before buying or trading a stock.