Friday, September 18. 2015
In Port St. Lucie, Florida, sits the headquarters of the Pulse Evolution Corporation. They specialize in hyper-realistic digital humans for the big screen. Most notably for portraying Michael Jackson and developing the visual effects of Brad Pitt as Benjamin Button. They also specialize in holographic live performances, virtual reality, augmented reality and artificial intelligence all for entertainment purposes. Along with the estates Marilyn Monroe, Elvis Presley and Michael Jackson, they have a revenue share agreement. They also use consumers' likeness in mobile systems, social media and video games.
The CEO, John Textor, has said he is very content with the company and its productions as well as becoming the leader in virtual reality and artificial intelligence. He has also elaborated on the company being listed on OTC markets which helped to raise $15 million from initial investors. Mr. Textor has a Bachelor of Arts in economics from Wesleyan University. He has held chairman positions at BabyUniverse, Slims Snowboards and now Pulse Evolution. He has helped with producing movies such as Ender's Game and Art Story.
On a legal standpoint, Pulse's recent Safe Harbor Statement may affect the future of the company. Their stock price may falter, changed may occur in domestic and international conditions, number of projects per year may change, strategies in developments will shift, audience opinion may change due to alterations in the company and new forms of technology may arise creating positive outcomes for the company. These changes would not only effect Pulse, but also any other company associated with CGI, virtual reality or augmented reality because of the changes in governance, stock flow and the coming of new technology.
Financially, their expenses ran at $3,452,673 for 3 months ending December 31, 2014 and $7,024,761 for 6 months. Net losses for those 3 and 6 months were $3,292,373 and $6,511,536. Proceeds summed up to $2,096,588 and $4,253,309. Most of the Pulse's expenses were for development in software, technology for software and the share agreement between the estates of Michael Jackson, Elvis Presley and Marilyn Monroe.
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