ORLANDO, Florida, November 3, 2016 /PRNewswire/ -- VIVA Entertainment Group, Inc. (OTC MARKETS: OTTV), a global entertainment and technology company connecting content owners and video distributors to deliver premium content on any smart device, is pleased to announce it has received $3mm of financing commitments which include a combination of debt instruments and warrant coverage to be issued. Of that amount approximately $400k has been received by the Company. Led by Greentree Financial Group and The Brewer Group, the financing will support content acquisition, sales, marketing and advertising of the Company's over-the-top (OTT) offering, including the rollout of the mobile app that will be available on Apple devices as well as Android operating systems. Additionally, the Company is working on a commercial and residential set box unit and a series of projects thereafter. Mr. Johnny Falcones, Founder and CEO of VIVA stated, "We are pleased to have attracted this funding from Greentree Financial Group and The Brewer Group. We now have ideal strategic financial partners for this phase of our global rollout and launch. Global television and entertainment on demand are provided by our integrated OTT platform. By combining live global TV, 2,000 radio stations, and video on demand (VOD) with the most recent movies, our path to growing revenues is clear. Additionally, with this funding, VIVA intends to install its first, full-scale, hotel entertainment package. We are currently in negotiations with a large prominent hotel group in the greater Miami area to provide VIVA's OTT service to approximately 3,000 hotel rooms. The in room entertainment package will provide live streaming global TV, 2000 radio stations powered by iHeart and include VOD revenue share with the hotels at an average gross price of $5.99-$12.99 per movie. The hotel demographic for this market is largely driven by Latin American, Canadian and European travelers who will experience the ultimate in room entertainment. Our real time streaming global TV is perfect for the South Beach and Miami market place." "We are excited by the prospects of our investment in VIVA," commented Robert C. "Chris" Cottone, Vice President of Greentree. "We believe the Company's technology serves the evolving demands of today's mobile and sophisticated consumer. The Company positioned itself at the right place, at the right time, and can help fundamentally change the way the world watches television today. VIVA's management team, along with key strategic partners, has a clear vision and a well-structured plan to deploy VIVA's OTT offering and meet market demand."