ROK Entertainment Group is going public in a reverse IPO. The company has agreed to be acquired by private investment fund CyberFund, Inc. which will, subject to the terms of the agreement, acquire 100% of the issued and outstanding shares of ROK Entertainment Group Limited, in exchange for 57 million common shares of CyberFund, Inc.
Upon completion of the transaction, Cyberfund, Inc. will change its name to ROK Entertainment Group, Inc. (ROK).ROK was founded in 2003 by Jonathan Kendrick and John-Paul DeJoria and has since its inception secured in excess of $40 million (?)  in financing. The company has offices in the United Kingdom, United States and the Peoples Republic of China, as well as joint ventures in Russia, Brazil and UAE.
Commenting on the plans, Jonathan Kendrick, Chairman & CEO of ROK says:
Following nearly four years of focused investment in innovative technologies and applications for the delivery of entertainment and services to mobile phones, we believe now is the right time to take ROK public”.
ROK currently has three patents issued and a further 42 patent applications pending for new technologies which it has developed for the delivery of video entertainment to mobile phones. The technologies facilitate delivery of services including, but not limited to, on-demand mobile TV streamed over mass-market 2.5G via GPRS, the storage of copy-protected movies stored on memory cards for playback on mobile phones, Java,SMS and P2P games, place-shifting to mobile devices, and VoIP mobile calling.
We have amassed a wide portfolio of products for the mobile phone and have paid particular attention to protecting our intellectual property therein” says Kendrick. We look forward with great excitement to continue deploying those products worldwide”.
Mark G. Hollo, Chairman & CEO of CyberFund adds:
ROK Entertainment Group and its global management team have developed and commercially deployed a suite of cutting-edge technologies enhanced by an innovative business model which multiplexes the burgeoning paradigm shift to Internet Protocol further into the mobile environment. The company is ideally positioned to create a potentially massive, new, global media platform, enabling local, regional and international advertisers and marketers to broadcast and narrowcast to their desired demographics based on user criteria and real time metrics.