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IPO to help FOTV buy companies, increase revenues, CEO says

Alki David, CEO of FOTV Media Networks Inc., said the company's onNasdaq will help the company buy other related companies and increase revenues,while giving "investors the added growth and capital value."

On plans for the proceeds from the IPO, David said FOTV willwork to create more content, and bring back hologram shows such as"Whitney Houston Live" and other shows for dedicated hologramtheaters.

The company also plans to develop original televisionprogramming across digital, cable and satellite, the executive added.