The Board of Directors of KSIX approved the engagement of Paritz & Company, P.A.- Certified Public Accountants (“Paritz”) as KSIX’s independent public accountants for its fiscal year ending December 31, 2016.
The Board will work diligently with Paritz and has high expectations to expeditiously complete the 2016 audit while catching up on any past due filings immediately upon the finalization of the audit.
KSIX/True Wireless currently does approximately $1,200,000 a month in 5 states where True holds an ETC license. KSIX is entering into an agreement to create a Virtual ETC which results in instantly gaining access to 30 more states including California. This is the culmination of a year of diligently working on this enterprise and should result in exponential sales and revenue.
The rollout is expected in the next 30 days. The KSIX team is currently testing the onboarding system and distribution changes necessary to hit the ground running while the finance team is creating the model to intelligently manage short term cash-flow to produce the most efficient long term value.
Pushing forward in the Blockchain space, KSIX has engaged the firm of Homeier Law, PC to formulate the strategic plan for the development and all the mechanics of a Utility Token roll out. A KSIX subsidiary (to be named) will be moving forward with this Ethereum Utility Token.
Manny Flores and David Ansani have joined the Board of Directors and immediately begin on day one working towards the formation of an audit and compensation committee.
Both gentleman bolster the governance, credibility and compliance of the company while assisting in mergers and acquisitions.
Manny is a graduate of The George Washington University Law School Manny has held various applicable positions including: Secretary – Illinois Department of Financial and Professional Regulation, Director – Illinois Department of Financial and Professional Regulation, Chairman – Illinois Commerce Commission, Alderman – City of Chicago, 1st Ward, and Congressional Aide – U.S. House of Representatives.
David earned his Master of Business Administration in Strategic Management/Organizational & Managerial Behavior from the University of Chicago and Juris Doctor from IIT/Chicago-Kent School of Law. With a background in compliance, negotiation, finance, due diligence and audit, David is our corporate expert specializing in administrative back-office accountability while assisting in general business compliance aspects including mergers and acquisitions. David is also our liaison to strategic regulatory attorneys ensuring a smooth flow of information and processes with adherence to all requirements necessary so the visionaries on our team will not be distracted with the business of being a public company.
KSIX has commissioned Vision Software Solutions to build a Bitcoin app and software wallet for both Androids and iPhones . The app and wallet will be installed on new handsets that True Wireless distributes and will also be available for download in the Apple Store and Google Play Store.
The app will be a “Bitcoin Faucet” which allows anyone to earn and win free bitcoin by playing games and performing other activities such as spinning a prize wheel each day.
The wallet (www.bitcoinsecurebank.com) will store customer Bitcoins while giving the option to trade for other Ethereum based coins.
The apps will uniquely drive revenue for KSIX by leveraging the existing Ad Network impressions from KSIX Media while consumers are playing games and offer “in-app” purchases.
Estimated time to market is 90 days.
Some domains that KSIX owns that are reserved for future projects:
John Mott has accepted the position of Vice President of Blockchain technology. He brings a diverse and experienced skillset that includes 30 plus years of development in multiple programming platforms and languages with the most recent focus on Blockchain technologies, Ethereum, Cryptocurrency/Digital Assets and distributed ledgers with regards to real world applications. John will oversee and manage all projects in this sector while evaluating acquisitions that allow KSIX to move quickly in this new sector.