Just before the bell, B2Digital announced that they have secured intellectual property rights from Creative Domain Investments, LTD.
This is yet another example of B2Digital’s desire to increase their customer base and acquire new and innovative technologies. This new acquisition will allow B2Digital to deliver rich, digital content to commercial and hospitality industries.
The technology, IP rights, and existing customer lists secured from Creative Domain Investments will allow B2Digital to deliver cutting edge digital content using existing coaxial cable systems to an existing customer base. Because a complete overhaul of the current infrastructure isn’t required, B2Digial can provide customers digital content for a fraction of the cost. This will give the company a competitive edge in pricing plans and increase their revenues.
The Vice President and Chief Operating Officer, Paul LaBarrre, stated that the potential for increased revenues and exponential benefits far exceeds the acquisition costs of this technology. He also stated that the company is excited to be taking yet another positive step towards the total integration of digital information services into the IPTV marketplace.
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