- Bravo has set its sights on uplisting to a national exchange, a move that will align with its rapid-growth strategy, to potentially attract more investors and provide access to funding
- The company recently finalized the acquisition of the TVee NOW(TM) platform, a cutting-edge over-the-top (“OTT”) streaming technology
- The company expects the platform, set to launch in Q1 of 2024, will be the cornerstone for upcoming ventures
- Bravo is actively engaged in diligent efforts, including technology development, mergers and acquisitions, product launches, and exploring white-label opportunities, in preparation for anticipated exponential growth
Bravo Multinational (OTC: BRVO), a conglomerate spanning entertainment, media, hospitality, and technology sectors, is implementing a rapid-growth strategy that builds on a strong, solid foundation of streaming media and technology. The company recently acquired the TVee NOW(TM) streaming platform, fulfilling the terms of an asset purchase agreement signed earlier this year with Streaming TVEE, Inc. (https://ibn.fm/io291).
This strategic move, Bravo says, will enable the company to not only own cutting-edge over-the-top (“OTT”) streaming technology but also adopt a hybrid model that combines advertising-based Video-on-Demand (“AVOD”) with subscription-based Video-on-Demand (“SVOD”) services.
TVee NOW has been in development for some time now, with Bravo last year unveiling plans to launch it (https://ibn.fm/RrKKW). At the time, Grant Cramer, Bravo Multinational Chairman and CEO, termed the future launch of the platform as one that “holds immense significance within our business framework.” This, he said, was because TVee Now aims to “seamlessly unite every facet” of the enterprise.
Following the finalized acquisition, Bravo hopes to launch the TVEE NOW platform in Q1 of 2024, representing a new chapter and serving as the cornerstone for upcoming ventures. TVee NOW is designed to deliver content directly to users via the internet through either a freely downloadable application on smartphones, tablets, and smart TVs powered by iOS and Android or a web browser. The platform is expected to be part of Bravo’s plans to bring together live streaming, live events and production, iconic branded immersive attractions, lifestyle products, and food and beverage through strategic partnerships, mergers and acquisitions, technology development, white-labeling opportunities, and product launches.
When executing such a growth strategy, access to capital is crucial. Conveniently, large stock exchanges so happen to be centers where this much-needed capital resides – exchanges like the NYSE or NASDAQ are known to expose companies to vast swathes of investors who, by purchasing shares of common stock, provide the capital. Simply put, when companies’ stocks are elevated from alternative markets to large exchanges, a process known as uplisting, they potentially attract more investors and can more easily access funding.
Against this backdrop, Bravo Multinational recently hired Richard (“Rick”) Jones of Jones & Haley, P.C. as a legal advisor to assist the company with its plan to uplist onto a national stock exchange. A seasoned securities lawyer and former SEC staffer, Rick has decades of legal and financial experience and has guided multiple companies toward uplisting (https://ibn.fm/Nljnh).
“We are excited to announce this important next step in our uplisting process. Rick will assist our corporate team with the expertise necessary for a successful transaction. In consultation with Rick and our other Board of Directors, we are evaluating the NYSE-American and Nasdaq Capital Markets as our two options for a potential uplisting. Our goal is to accomplish this milestone as soon as possible,” commented Cramer.
In addition to leveraging the benefits the uplisting may bring, Bravo is also out to capitalize on the expansion of digital connectivity with its TVee NOW platform, which has caused rapid revenue growth and increased profitability in the media industry, according to Bravo’s COO Kayla Slick.
“The proliferation of smartphones, tablets, and other mobile devices has obviously fueled the exponential growth of digital advertising expenditure,” said Slick in a 2023 news release (https://ibn.fm/Sw6pz). “The advent of digital and mobile technologies has not only created new avenues for content creators and distributors but has also reshaped consumer behavior patterns, driving the need for strategic adaptation and innovation, all of which we plan to address.”
Accordingly, Bravo’s proprietary platform is designed to offer more personalized and engaging experiences as well as more targeted advertising options, showing different ads to viewers based on their viewing history or demographics. As a result, the platform is expected to enable advertisers to reach a more specific audience, resulting in higher revenue.
“By staying ahead of the curve and investing in new technology, talent, and multimedia channels, we can shape the future of the streaming industry and create a very profitable and sustainable business model,” the company says on its website.
For more information, visit the company’s website at www.BravoMultinationalInc.com.
NOTE TO INVESTORS: The latest news and updates relating to BRVO are available in the company’s newsroom at https://ibn.fm/BRVO
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