(MENAFNEditorial) BEVERLY HILLS, Calif., Feb. 21, 2018 /PRNewswire/ -- LiveXLive Media, Inc. (OTC: LIVX) ("LiveXLive"), a global digital media company focused on live entertainment, today announced that its shares of common stock were approved for listing on The NASDAQ Capital Market.
Shares of common stock are expected to begin trading on The NASDAQ Capital Market on February 22, 2018 under its existing trading symbol "LIVX."
"2017 was a monumental year for LiveXLive and listing on NASDAQ is an exciting and major milestone in our evolution that we believe will expose the company to a wider audience of potential institutional investors and increase liquidity, ultimately contributing to our ability to increase shareholder value," commented Rob Ellin, Chairman and CEO. "Consumers demand accessible, world-class experiences and LiveXLive has built a platform for just that – a social ecosystem for music lovers around the world. Backed by an impressive management team and propelled by the incredible market opportunity, we have built a company that uniquely addresses a previously untapped market. We look forward to continuing to share our developing story with the investment community," concluded Mr. Ellin.
About LiveXLive Media, Inc.
LiveXLive Media, Inc. (OTC: LIVX) (the "Company") is a global digital media company dedicated to music and live entertainment. The Company operates one of the only video streaming services for live music and original music-related content, "LiveXLive," which creates a social, community-oriented experience for music lovers. The LiveXLive platform, and app, deliver premium live-streamed and on-demand video content from some of the world's top music festivals and concerts, including Rock in Rio, Outside Lands Music and Arts Festival, Hangout Music Festival, and more, with featured live performances from world-renowned artists such as Rihanna, Katy Perry, Radiohead, Chance The Rapper, Bruce Springsteen, Maroon 5 and Major Lazer. Alongside the many live-streamed music events, LiveXLive also gives audiences access to premium original content, artist exclusives and industry interviews. The Company is headquartered in Beverly Hills, CA, and its business also includes social influencer network, LiveXLive Influencers and internet radio service Slacker Radio (). For more information, visit us at and follow us on Facebook, Instagram and Twitter at @livexlive.
Forward Looking Statements:
All statements other than statements of historical facts contained in this press release are "forward-looking statements." These statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. These factors include uncertainties as to identifying, acquiring, securing and developing content, ability to attract and retain users, successfully implementing LiveXLive's and Slacker's growth strategy, including relating to their technology platforms and applications, management's relationships with industry stakeholders, that listing on NASDAQ will help the Company further diversify its shareholder base, provide better liquidity and exposure for the Company, changes in economic conditions, competition and other risks including, but not limited to, those described in the Company's Registration Statement on Form S-1, Amendment No. 5, filed with the Securities and Exchange Commission on December 15, 2017 (the "SEC") and other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof and the Company disclaims any obligations to update these statements except as may be required by law.
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