NEW YORK, May 29, 2012 /PRNewswire via COMTEX/ -- YOU On Demand Holdings, Inc. , China's leading national Pay-Per-View (PPV) and Video On Demand (VOD) platform, today announced that it has been approved to list its common stock on the NASDAQ Capital Market. Trading on NASDAQ will commence at 9:30 a.m. EDT on May 30, 2012. YOU On Demand's common stock will trade under the new ticker symbol "YOD" (formally otcbb:CBBD).
"We are excited to list our shares on NASDAQ, one of the world's premier stock exchanges," said Shane McMahon, Chairman and CEO of YOU On Demand. "This is a significant milestone in YOU On Demand's development and validation of our corporate governance practices. We believe that our listing on a national exchange as prestigious as NASDAQ will give our company the potential to broaden our shareholder base, improve liquidity and increase visibility of our achievements moving forward."
About YOU On Demand Holdings, Inc.
YOU On Demand is the leading national Pay-Per-View and Video On Demand platform in China. The Company offers high quality premium content to customers across China through its Near Video On Demand (NVOD), Video On Demand (VOD) and Subscription Video On Demand (SVOD) services. The Company consists of a portfolio of businesses that include alliances with leading media operators, comprehensive end-to-end content delivery, an exclusive billing solution, governmental partnerships and approvals, and value added services.
YOU On Demand has secured strategic partnerships with the largest media entities in China, and has a highly experienced management team with a strong background in Cable, Television, Media and Telecom. The company is headquartered in New York, NY, with its China headquarters in Beijing. For more information, visit www.yod.com .