on Conservative Broadcast Media & Journalism, Inc. (NASDAQ:CBMJ)
CBMJ Secures Over $1 Million Investment for Patriot.TV Platform
Conservative Broadcast Media & Journalism, Inc. (CBMJ) announced receiving $1.025 million in private investments to support its media broadcasting platform, Patriot.TV. This investment, gathered over the past three months from four accredited investors, underscores a strong backing for the platform's future. The investments, which ranged in price from $.10 to $.20 per share, resulted in the company issuing restricted common stock.
The funds are earmarked for capital investments in studio production and technology enhancements, aiming to offer superior streaming and viewer experiences on Patriot.TV. Part of the investment will also facilitate the retirement of old debt, improving the company's capital structure. CEO Mark Schaftlein expressed gratitude towards the investors for their long-term commitment and confidence in the company’s vision.
Following the unveiling of a state-of-the-art website for Patriot.TV on March 1, 2024, the platform has seen rapid growth and an expanding roster of high-quality hosts and shows. This development marks a significant phase in media consumption evolution, showcasing Patriot.TV's commitment to informative and empowering content.
R. E.
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