LOS ANGELES--(BUSINESS WIRE)--
Loton, Corp. (OTC Pink: LTNR) announced that digital media and consumer
products executive Jason Port has joined Loton, Corp. as head of its
Advisory Board.
Jason Port has been an early stage investor, business executive with
over 15 years of managerial experience in Technology, Media and
Entertainment as well consumer product venture investments.
Mr. Port is highly proficient at identifying, developing, and executing
exemplary business models.
As an early employee at Sportsline.com,
he helped to rapidly grow the company before it was acquired by CBS in
2004. Mr. Port is the founding investor at Quirky.com,
where he now serves as a strategic board member, as well as an early
investor & advisor in several other ventures including Normal Ears,
Lowercase Ventures, Uber, Twitter, Kidozen, NumberFire, JumpForward,
LittleBits, and mParticle.
Mr. Port serves on the board of NFTE, the Heather on Earth Music Therapy
Foundation, the advisory board of Miami Country Day School, and is an
active member of TED since 2008. Mr. Port is known for his exceptional
interpersonal skills that build long-term relationships with the
executives with whom he works.
“We are excited to add Jason to head our advisory board. His technology,
media, and entertainment expertise and his experience building companies
will greatly enhance our company,” commented Robert Ellin, Executive
Chairman and President of Loton, Corp.
About Loton, Corp.
In April, 2014, Loton, Corp. acquired a fifty percent interest in KOKO,
a premier multimedia and lifestyle brand and one of London’s iconic live
music venues. KOKO is internationally renowned for delivering over 250
live music events per annum for the past ten years. Loton is backed by
Trinad Capital, a micro-cap and small-cap activist hedge fund based in
Los Angeles, California. The fund is led by Robert Ellin, a seasoned
portfolio manager with 25 years of investment experience. Mr. Ellin
spearheaded investments in several publicly traded companies including
ThQ, Grand Toys, Forward Industries (FORD), Majesco Entertainment
(COOL), Command Security (MOC), Mandalay Digital Group (MNDL), iVillage
(IVIL), Points International (PCOM), as well as private companies
including iWon.com and
SS industries.
Forward Looking Statement
Statements in this news release concerning future results from
operations, financial position, economic conditions, product releases
and any other statement that may be construed as a prediction of future
performance or events are forward-looking statements which involve known
and unknown risks, uncertainties and other factors which may cause
actual results to differ materially from those expressed or implied by
such statements. These factors include uncertainties as to levels of
orders, ability to record revenues, release schedules, market acceptance
of new products, changes in economic conditions and market demand,
pricing and other activities by competitors, and other risks including
those described from time to time in the Company’s filings on Forms 10K
and 10Q with the Securities and Exchange Commission (SEC), press
releases and other communications.
Loton, Corp.
Robert Ellin, Executive Chairman and President
310-601-2500
Source: Loton, Corp.