Founded in 1995, the business of FAB Universal Corp. (FAB), a Colorado corporation includes the sale of digital media through Retail, Wholesale and Digital Platforms. Additionally, we license our kiosk business and provide podcast hosting services. The Company operates through its two subsidiaries, Webmayhem, Inc. (Libsyn), a Pennsylvania corporation, which operates our podcast hosting and distribution services. Digital Entertainment International Ltd. (DEI), a company incorporated under the law of the Hong Kong Special Administrative Region, is also a wholly owned subsidiary of FAB Universal. Our business is broken into three segments: Retail, Wholesale and Digital (FAB Licensing/Podcasting/ Subscription TV). In September 2013, FAB entered into an agreement with Future TV Co. Ltd. to distribute its copyright protected media content through pay TV terminals used in the home by Future TV’s subscribers.