Wowio, Inc. cancelled the acquisition of 55% stake in Presidential Mountain Resort, LLC.
December 05, 2019
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Wowio, Inc. (OTCPK:WWIO) signed a binding letter of intent to acquire 55% stake in Presidential Mountain Resort, LLC on December 6, 2018. Under the transaction, The current owner will continue to develop and manage the resort project.
Wowio, Inc. (OTCPK:WWIO) cancelled the acquisition of 55% stake in Presidential Mountain Resort, LLC on December 6, 2019.
Wowio, Inc. is a digital media company with an e-book distribution platform. The Company owns a patent that allows inserting advertisements into e-books while adding both personalization and an anti-theft identifier. Its mobile application allows the insertion of mobile advertisements in e-books read on a mobile device. Through its Website wowio.com, it distributes both Company-owned and third-party-owned e-books and e-comics. Through StudioW, the Company creates and produces its own content, such as online videos, pre-roll video advertisements and additional online advertising on its content-oriented Websites TheDuck Webcomics, PopGalaxy, and its branded YouTube channels. The Company, through its digital publishing entity, Carthay Circle Publishing, intends to publish its own library of material as e-books and e-comics that it will distribute on its own wowio.com and wowioapp.com site, as well as distribute through other e-book distribution platforms.
WOWIO, INC. 
