AfterMaster, Inc. (OTCMKTS:AFTM) Files An 8-K Regulation FD DisclosureItem 7.01. Regulation FD Disclosure.
AfterMaster, Inc. (the “Company”) currently expects revenues to approximately double from $268,000 in the quarter ending March 31, 2017, to approximately $500,000 for the quarter ending June 30, 2017, and the Company expects to again double its revenue to over $1,000,000 in the quarter ending September 30, 2017. The Company also expects to continue or exceed this growth in the fourth calendar quarter of 2017 as it should be a strong retail season.
The Company intends to soon release names of major retailers that will be carrying its Aftermaster TV product beginning this month.
The above disclosure contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company’s plans; (ii) trends affecting the company’s financial condition or results of operations; and (iii) the company’s growth estimates and strategy and operating strategy. The words “expects,” “may,” “would,” “should,” “will,” “could,” “estimates,” “anticipates,” “believes,” “intends” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risks disclosed in the Company’s Annual Report on Form 10-K for the year ending June 30, 2016.
The information contained in this Item 7.01 is being furnished and shall not be deemed “filed” for purposes of Section18 of the Exchange Act, or otherwise subject to the liabilities under Section18 and shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended, or the Exchange Act.
About AfterMaster, Inc. (OTCMKTS:AFTM)
Aftermaster, Inc. is an audio technology company. The Company and its subsidiaries are engaged in the development and commercialization of audio and video technologies for professional and consumer use, including AfterMaster audio, ProMaster, Aftermaster Pro and MyStudio. As of June 30, 2016, the Company operated six recording and mastering studios at its Hollywood California facility. AfterMaster Audio Technology is an internally-developed mastering, remastering and audio processing technology. AfterMaster Pro is a personal audio re-mastering device. Aftermaster Pro transforms the audio of television, smartphone, headphones, laptop, tablet, gaming unit, or virtually any audio-enabled device. ProMaster is an online music mastering, streaming and storage service designed for independent artists, which utilizes audio technologies developed by it. ProMaster will master a user’s uploaded music and allows them to compare up to 90 seconds of their original to the newly mastered songs.