One Horizon Group Acquires Intellectual Property Rights
October 09 2018 - 9:09AM
One Horizon Group (NASDAQ: OHGI) (“OHGI” or the “Company”) is
pleased to report that it has entered into an agreement that grants
the Company an eighty percent ownership interest in the software
and source code and all other intellectual property underpinning
the 123Wish experience marketplace platform (the “123Platform”).
“This will allow us to move towards completion
of a number of business deals we have been working on for some time
with well-known brands in the sports, travel, hospitality and
family entertainment areas,” said Mark White, CEO and Founder of
OHGI. “There is significant value in the 123Platform from our
perspective and that is apparent from the interest level we have
received from our intended licensees and brand partners and the
revenue potential.”
In accordance with the terms of the transaction,
the Company will grant a perpetual license in furtherance of the
continuation of the 123Wish experience marketplace, which is
majority-owned by OHGI, and has been growing in popularity; this
past month 123Wish saw nearly 500%+ growth in important metrics
including Sessions, Users, and Pageviews. 123Wish Management plans
to augment its existing business by entering into revenue-share or
other licensing agreements to make the 123Platform available to
social media influencers and all forms of entertainment artists
(music, television, movies, etc.). OHGI will focus on other
opportunities to license the 123Platform as licensor or in
conjunction with co-branded credit card and digital payment systems
programs.
Safe Harbor Statement
This news release may contain “forward-looking”
statements. These forward-looking statements are only predictions
and are subject to certain risks, uncertainties and assumptions
that could cause actual results to differ from those in the forward
looking-statements. Potential risks include such factors as the
inability to enter into agreements with parties with whom we are in
discussions, the uncertainty of consumer demand for the Company’s
products, as well as additional risks and uncertainties that are
identified and described in the Company’s SEC reports. Actual
results may differ materially from the forward-looking statements
in this press release. Statements made herein are as of the date of
this press release and should not be relied upon as of any
subsequent date. The Company does not undertake, and it
specifically disclaims, any obligation to update any
forward-looking statements to reflect occurrences, developments,
events or circumstances after the date of such statement.
About One Horizon Group,
Inc.
One Horizon Group, Inc. (NASDAQ: OHGI) is a
media and digital technology acquisition and software company,
which owns Love Media House, a full-service music production,
artist representation and digital media business, Horizon Secure
Messaging, an Asia-based secure messaging business, and Banana
Whale Studios, a gaming software development company. OHGI also
holds a majority interest in 123Wish, a subscription-based,
experience marketplace. For more information, please
visit http://www.onehorizoninc.com
Darrow Associates Contacts for OHGI
Bernie Kilkelly/Jordan Darrow
(516) 236-7007
bkilkelly@darrowir.com