BURBANK, California and FRANKFURT, Germany, Sept. 4, 2014 /PRNewswire/ -- ClearTV opens for trading today on the Frankfurt Stock Exchange (FSE) under the ticker symbol "CLTV:GR" after its Public Listing. Renell Bank is the company's listing sponsor and market maker to the FSE. ClearTV has its primary listing on the Bermuda Main Market, a member of the Commonwealth Exchanges and will now be dual listed on the FSE.
Marc Renell, CEO of Renell Bank says, "We are enthusiastic with our placement of ClearTV on the Frankfurt Stock Exchange. ClearTV's core strengths in the creation, production, and distribution of television programming on a global scale are at the heart of its listing on the Frankfurt Stock Exchange and will be central to its development of new international television channels."ClearTV is a world-leading media and entertainment company; creating, developing, producing and distributing entertainment, news and information to a global audience. ClearTV owns and operates a valuable portfolio of television platforms that deliver highly relevant content to targeted audiences inside airports, healthcare facilities and throughout the entire social media landscape.
ClearTV's roster of over 200 programming partners features top television content that spans entertainment, lifestyle, music, news and sports. ClearTV's programming and highly curated schedules are at the foundation of its success in connecting with tens of millions of viewers on an annual basis. Henry Mauriss, CEO of ClearTV explains, "Listing on the FSE solidifies ClearTV's presence on the international business stage. As ClearTV elevates its businesses on a global scale and expands its portfolio of television programming – our listing with the FSE enables and drives our growth in this competitive landscape of International Media."
Andreea Porcelli, Founder of Continental Advisors SA (Lux) said, "We are pleased that ClearTV has chosen to follow up their Bermuda Main Market listing with a dual listing on the FSE. We believe the European continent offers important business opportunities for the company and synergies with institutional investors in the Consumer/ Media sector. There is an increasing number of US companies choosing to list abroad as a means of developing their profile as a public company before eventually returning for a larger offering on the NASDAQ or NYSE. ClearTV is a prime example of a company that could have chosen among a variety of markets but opted for Bermuda and the FSE."
The ClearTV platform delivers custom TV stations to dynamic Away-From-Home environments - providing airports, healthcare facilities, retailers, and resort hotels a new marketing tool that targets, reaches and engages consumers like never before. "Our commitment top-tier programming and talent affords ClearTV the ability to build remarkably curated TV Channels spanning a wide variety of genres to serve the eclectic and rich lifestyles of our viewers." Said David Tetreault, COO of ClearTV. Our listing with the Frankfurt Stock Exchange will fuel ClearTV's plans for expansion." ClearTV also syndicates premium content on-line through its TVChannels4u platform. TVChannels4u is a leading multi-channel network delivering both our viewers and brands highly relevant and meaningful experiences.