Viva Entertainment Group Inc (OTCMKTS:OTTV) Shares Rise 10% on UNGC Membership

Viva Entertainment Group Inc (OTCMKTS:OTTV) shares were up 10.40% to $0.00310 on Monday and down 3.23% to $0.00300 in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.17. The company has a market cap of $391,375.00 at 126.25 million shares outstanding.

Formerly known as Black River Petroleum Corp, Viva Entertainment Group Inc is an entertainment and technology company connecting content owners and video distributors to deliver content on any smart device with a screen. The company develops and markets Internet protocol television/over the top application for connected television, desktop computers, tablets and smart phones. With a wireless fidelity connection, the company’s customers can watch Live Television from around the world, television shows, as well as movies on demand, televideo conference and various other interactive features. As of April 30, 2016, the company had not generated any revenues yet.

In a press release this week, Viva Entertainment Group Inc announced hat they have been granted membership into the United Nations Global Compact (UNGC). This is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with 10 universally-accepted principles in the areas of human rights, labor, environment and anti-corruption. The initiative has enlisted more than 9,000 corporate members 3,000 non-business signatories based in 160 countries around the world to lead change on the global sustainable development agenda by aligning their operations and strategies with 10 universally accepted principles in the areas of human rights, labor, environment and anti-corruption.

As such, it serves as a practical framework for the development, implementation, and disclosure of sustainability policies and practices. It offers participants a wide spectrum of work streams, management tools, and resources-all designed to help advance sustainable business models and markets. In particular, the UNCG will allow for a greater transparency of Viva Entertainment Group and its objectives.

VIVA aims to empower cable companies and telecoms globally with VIVA’s cost-effective and technologically superior services. Joining the Global Compact connects VIVA directly with opportunities around the world and opens up new global partnerships. Along with The Brewer Group and endorser Ambassador Jack Brewer, VIVA’s goal is to provide people in developing countries more access to information. Engaging directly with telecoms across the globe demonstrates VIVA’s ability to work with other companies to expand its products, while creating revenues for the Company and shareholders,” said Viva Entertainment Group Chairman and CEO Johnny Falcones.

UNGC will provide a framework for reporting progress, sustainability, and potential. Additionally, the UNGC will relay to investors that Viva has established values with, in order for them to be aware and active in regards to issues regarding human rights, anti-corruption, the environment, and labor issues.

There’s not much information on Viva Entertainment Group shares just yet but price seems to be on a climb with volumes steadily rising. This reflects sustained investor interest and might be enough to fuel the climb in the near term.

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