COBI -Motion Entertainment Brings Groundbreaking Technology To $7 Billion Underserved Fragmented And Growing Indie Music Mrkt
February 23 2017 - 8:02AM
InvestorsHub NewsWire
Salt Lake City, UT
-- February 23, 2017 -- InvestorsHub NewsWire -- Motion
Entertainment Group, Inc. (USOTC:
COBI) formally announces its strategic launch into the
underserved, fragmented and growing indie music market.
21st Century music technology innovations such as
Napster and Apple’s (NASDAQ:
AAPL) GarageBand APP, famously
introduced by Steve Jobs and John Mayer at the 2004 Macworld
Conference and Expo in San Francisco, have evened the playing field
between amateur, indie and professional musicians when it comes to
producing and distributing music. While online software
empowered all musicians to be able to record and publish like pros,
the market for technology to enhance the actual instruments has
been overlooked – until now.
Motion Entertainment has evolved from the company formerly known as
Compass Biotechnologies – hence the “COBI”
ticker symbol. An official name change and ticker symbol
change are in the works. In the meantime, Motion
Entertainment has already made substantial headway bringing
world-famous John "Jack" Johnson on board to launch Magic Trix,
Inc., one of several planned music industry subsidiaries.
Mr. Johnson is the founder of DigiTech, Inc. which was later
acquired by Harman International Industries, Inc. Mr. Johnson
is well known in the guitar world as the creator of the first
digital-delay pedal, digital-reverb pedal, multi-effects rack-mount
processor, multi-effects floor controller, pitch-bending pedal and
polyphonic vocal effects. Mr. Johnson will continue to serve
Magic Trix as the lead consultant for all aspects of the business,
including product development and global distribution. Mr. Johnson
brings all of his intellectual property, products, technology and
relationships to Motion Entertainment.
Motion Entertainment recently announced the launch of its 2017
amplifier range, a revolutionary product line that will hit the
consumer markets coinciding with Summer NAMM 2017. The line has
been in development for over a decade, and is designed to deliver
portability and power for both the emerging and established
musician.
This is the first of a number of formal announcement regarding the
Company’s launch into the music industry with an estimated market value of almost $7
billion. The Company plans to publish an online strategic
business plan overview next week. Keep a an eye out for a
coming press release on the online, on-demand strategic business
plan.
Stay up to date with all Motion Entertainment news and events
at:
www.twitter.com/megamotioneg
www.instagram.com/motioneginc
Safe Harbor:
This release includes forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 27E of the
Securities Act of 1934. Statements contained in this release that
are not historical facts may be deemed to be forward-looking
statements. Investors are cautioned that forward-looking statements
are inherently uncertain. Actual performance and results may differ
materially from that projected or suggested herein due to certain
risks and uncertainties including, without limitation, ability to
obtain financing, and regulatory and shareholder approval for
anticipated actions.
Steven Smith, Interim President
Motion Entertainment Group Inc. fka Compass Biotechnologies
Inc.
Email: info@compasscobi.com
Tel: (972) 535-8931
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