LOS ANGELES -- (BUSINESS WIRE) -- Loton, Corp. (LTNR) announced that Todd Waks, President of Entertainment Alliances, has joined Loton, Corp. as an advisor.
Mr. Waks is a partner at two industry-leading digital agencies; Heated Details and Digital Artists, with respective services in data analytics visualization/optimization and social media influencer monetization. He was formerly Senior Vice President, Global Alliances for Live Nation, the world’s largest live entertainment company. In this position, he was instrumental in spearheading licensing and content programs with the largest wireless phone companies such as Verizon Wireless, T-Mobile, Boost Mobile, Sprint and Amp’d Mobile. Mr. Waks was also a Vice President at Clear Channel Entertainment following Clear Channel’s acquisition of SFX in August 2000. “I am looking forward to utilizing my skills and resources in digital media and live entertainment to advise Loton with regards to its positioning in the media and technology sectors,” commented Mr. Waks.
“We are thrilled to add Todd to our Loton team,” commented Robert Ellin, Chairman and Chief Executive Officer of Loton, Corp. “He provides a unique industry perspective as well as fantastic hands-on experience in the music, entertainment, and branding segments.”
About Loton, Corp.
Loton, Corp. is currently considered to be a “blank check” company. The U.S. Securities and Exchange Commission (the “SEC”) defines those companies as “any development stage company that is issuing a penny stock, within the meaning of Section 3(a)(51) and Rule 3a51-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and that has no specific business plan or purpose, or has indicated that its business plan is to merge with an unidentified company or companies. The Company’s principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with a business rather than immediate, short-term earnings. The Company will not restrict its potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business.
Forward Looking Statement
Statements in this news release concerning future results from operations, financial position, economic conditions, product releases and any other statement that may be construed as a prediction of future performance or events are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements. These factors include uncertainties as to levels of orders, ability to record revenues, release schedules, market acceptance of new products, changes in economic conditions and market demand, pricing and other activities by competitors, and other risks including those described from time to time in the Company’s filings on Forms 10K and 10Q with the Securities and Exchange Commission (SEC), press releases and other communications.