Monday, February 24, 2014

$PROW - Progress Watch Corporation Due diligence

$PROW - Progress Watch Corporation DD



PROW Company Description
Progress Watch Corporation has been listed on the stock exchange since 1999 under the symbol PROW (OTCPink). It is an investment holding company previously focused on the mechanical movement manufacturing and watch supply businesses. The Company recently announced its plan to diversify into the mobile broadcasting technology market. Progress Watch Corporation is located in Senden, Germany.

PROW Products and Services
Quote:

Progress Watch Corp (PROW) Signs Letter of Intent with TeleDNA(TM) SENDEN, GERMANY -- (Marketwired) -- 02/04/14 Progress Watch Corp. (PINKSHEETS:PROW) has signed a letter of intent with TeleDNA. TeleDNA is at the forefront of global communications, providing products and innovations in IP and cloud networking; and wireless access to service providers throughout the world. TeleDNA is based in Bangalore, India.

For users of smartphones and devices on 4G/LTE networks, this means users will have new capabilities to stream and broadcast video. This technology streams feature-rich audio and video content instantly, without jeopardizing subscribers' privacy, or overloading the mobile network.

Progress Watch Corp. has selected TeleDNA to assist in the creation of a mobile network-based streaming broadcast technology. This technology is designed specifically to function on 4G and LTE mobile networks, and will provide significant capability in differentiation, segmentation, and revenue.

The TeleDNA team has collaborated with mobile network providers globally, and brings a diverse pool of experience in developing and implementing mobile technology solutions.
The Letter of Intent is the next major step in Progress Watch Corp.'s new direction into the mobile broadcast technology field.
http://www.stockwatch.com/News/Item.aspx?bid=U-i925714001-U%3aPROW-20140204&symbol=PROW®ion=U







Calibrum SA, 3250 Lyss, Switzerland:
Calibrum SA dedicates its strength to the development and production of high class innovative mechanical movements. Beside of different ongoing projects the prototyping stage of “START – see-through triple axe rotary tourbillon” has begun. This 3-axial tourbillon, patented by Progress Watch Corp. will allow to bring out such a product on the market for an interesting selling price, individualized as asked for by the watch brands.

The Calibrum "START" 
START is a triple axial tourbillon which indicates directly the time. The center cage is turning once in a minute and can indicate the second. The axes on which the Tourbillon is mounted rotates once in a hour and indicates directly the minutes. The whole tourbillon construction rotates furthermore once in 12 hours around the dial and indicates therefore the hours.

PROW Key Company Management
Board of Directors
Hans Handl, President . Appointed January 2009 (President as from February 2010)
Jan Wilgenhof, Secretary. Appointed July 2010
Anke David, Treasurer. Appointed January 2009



Mr. Hans Handl has been the President of Progress Watch Corporation since February 2010 and serves as its Chairman. Mr. Handl has been the Managing Director of Marburg Beheer B.V., since 1993. He has been the Managing Director of Nice Holding BV since 1998. Mr. Handl served as the Managing Director of Curam BV from 1973 to 1993. He has been a Member of the Supervisory Board at EIG European Investment Group AG as from 2003. Mr. Handl has been a Director of Progress Watch Corporation since January 2009. He serves as a Director of Calibrum SA.

PROW Contact Info
Progress Watch Corp.
Office United States of America
Progress Watch Corp.
375 N Stephanie St. 1411
89014-8909 Henderson, NV
USA

Representative Office Europe
Progress Watch Corp.
c/o Kley 27
48308 Senden
Germany
Phone: +49 (2509) 993690
Fax : +49 (2509) 9936919
info@progresswatch.eu
www.progresswatch.eu

website: http://www.progresswatch.eu/

PROW SEC Filings
http://www.otcmarkets.com/stock/PROW/filings

PROW Headlines
http://finance.yahoo.com/q/h?s=PROW+Headlines

Investigate more about PROW @ http://www.otcmarkets.com/stock/PROW/quote for more due diligence.

1 comment:

  1. $PROW Progress Watch Corp. to Enter Social/Content Marketing Arena
    SENDEN, GERMANY -- (Marketwired) -- 02/25/14 Progress Watch Corporation (PINKSHEETS: PROW) announced that it will enter the social/ content marketing arena. With more than one billion smart phone users and 1.7 billion expected by 2017, this move from its traditional core business line mechanical movement manufacturing and watch supply businesses) is expected to develop new revenue streams for the company, especially in the area of social/content marketing. Companies will have the ability to target specific markets to stream branded messages.

    Progress Watch signed a Letter of Intent to work with TeleDNA Communications Pvt Ltd. last January (January 31, 2014) on the development of its new broadcast technology. Users will benefit from the ability to stream feature-rich audio and video content instantly. This technology platform is designed specifically to function on 4G and Long Term Evolution (LTE) mobile networks.
    http://www.stockwatch.com/News/Item.aspx?bid=U-i1092947-U%3aPROW-20140225&symbol=PROW&region=U

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