ANDROID TV News: Lexinta Group $69 Million Funding Offer to Exo Level for Further Development of ANDROID TV Products and Services
December 23, 2013 --
Park City, UT (PRWEB) December 23, 2013
Exo Level, LLC the makers of the ANDROID TV set top box for streaming movies and television programming, and the owners of AndroidTV.com, has received a $69 million funding offer from the Swiss-based investment firm Lexinta Group, according to Exo Level.
The deal would help finance content acquisitions, app development and new features projected to allow ANDROID TV set top box to maintain its dominance in the marketplace.
Exo Level is pleased to consider Lexinta Groups offer, says Fernando Escovar original founder of ANDROID TV products and services. We are excited to continue our mission that started in 2006- of distributing red carpet & exclusive interviews, entertainment news, independent film making,TV and movie content..
Bismarck Badilla, CEO of Lexinta Group, states, "This is an exciting industry to be involved in. Streaming media is the future. Five years from the now the cable, movie and TV industry will evolve to what Exo Level started seven years ago."
According to a recent report by SNL Kagan, 12 million households, roughly 10% of cable viewers, are expected to "cut the cable TV cord" (cancel cable, satellite or telco video service) by 2015. Last week, the president of the National Cable & Telecommunications Association, Michael Powell, told the Senate that "the largest subscription video provider in the country today is Netflix."
Exo Level and the ANDROID TV development team have created a cult following. Consumers are willing and eager to pay double the price of competing devices like Apple TV and Roku for the ANDROID TV set top box. Consumers and developers alike love the quad core processor, upgraded chipset and custom rom that comes fully rooted which allows users super privileges to fully customize their ANDROID TV set top box with 3rd party add-ons.
About Exo Level, LLC
Exo Level is the owner of the website AndroidTV.com and creators of the popular ANDROID TV set top box for delivering video, music and games to the TV. ANDROID TV set top box is the first on the market that is truly opened sourced and allows 3rd party add ons in the US and is fully rooted with no restrictions.
For more than a decade, Lexinta Group has been evolving as a leading financial services company. Lexintas proven advisory teams combine deep product and sector expertise with ready access to global capital. The firm is headquartered in Zug, Switzerland.
For more information on Lexinta and their products and services, visit http://lexinta.net
ANDROID TV is a trademark of Exo Level. Federal trademark registration pending.
± Exolevel is not associated with Google, Inc. in any way.
Android is a trademark of Google.
Read the full story at http://www.prweb.com/releases/2013/12/prweb11444361.htm.