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XRAYMEDIA Receives Additional Media Orders; Enters into New Joint Venture
MONDAY, JUNE 16, 2003 8:10 AM
- BusinessWire
NEW YORK & VANCOUVER, British Columbia, Jun 16, 2003 (BUSINESS WIRE) -- XRAYMEDIA.COM Inc., (XRMD) , the leading real-time negotiating technology provider to the media industry, is pleased to announce the Company is has received its latest batch of significant media orders valued in excess of $11 million.
The media orders, which are separate from our previously announced contracts of approximately $15 million, include an Eastern USA cable television package with a total retail value in excess of $10 million and a major radio station package with a retail value in excess of $1 million. In addition, the company has successfully negotiated a new revenue-sharing joint venture with a major infomercial firm that specializes in procuring mass marketable products for media production and sales. The new joint venture partner has great experience in infomercial productions and product marketing through TV, Radio, and Print mediums along with its proven ability to generate gross sales in excess of $50 million on a successful product, once critical mass is reached.
"These new contracts represent a major addition to our rapidly growing order flow," said Raymond Dabney, XRAYMEDIA President, and CEO. "Over the past week, we have continued to see significant growth in orders from a wide array of media sources. The television and radio orders are a major milestone for our Company. Since we started processing orders over the past week, we have seen a sharp increase in the diversity of our media orders received. We are delighted with the progress that we've made over the past several days and we couldn't be more pleased with the efforts of our Joint Venture partners. As we continue building our platform for the Live Media Marketplace LMM v3.0, we expect new order flow to continue to increase significantly."
Commenting further, Mr. Dabney states, "The new joint venture with the infomercial company represents a new and exciting avenue for immediate revenue growth. The past success of our new partner is evident when one of their previous product campaigns reached sales in excess of $75 million. I look forward to outlining our joint marketing plan in the very near term. Once the rollout is fully implemented, we expect a significant impact in our sales. Looking forward, we anticipate continued robust growth in our Live Media Marketplace v3.0 once we've actually launched our worldwide marketing plan."
About XRAYMEDIA
XRAYMEDIA is a traditional advertising agency that has leading edge live media trading technology. "The Live Media Marketplace v3.0" is available for Private-labeled in-house use and live general public negotiations. All buyers and sellers of media can negotiate in real-time, choosing currencies from around the world or use the new trade/barter modules to instantly change cash/trade values and percentage blends, over the Internet in a secure and simple manner. The system provides private, one-on-one, and one-to-many negotiations while dynamically loading and matching inventory changes and instantly updating new opportunities. Maximizing its registered users' reach to find the optimum market price for any given media inventory without compromising the seller's proprietary pricing information or identity if they so choose. Sign in at www.xraymedia.com; there are no sign up fees or monthly charges for buyers or sellers. Place your orders and start negotiating live, in a private secured 128-bit encrypted media trading floor.
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will", "anticipates", "believes", "plans", "goal", "expects", "future", "intends" and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about XRAYMEDIA.COM INC., please refer to its Form 10-ksb filed with the Securities and Exchange Commission and available on the SEC website at www.sec.gov.
SOURCE: XRAYMEDIA.COM, Inc.
XRAYMEDIA Receives Additional Media Orders; Enters into New Joint Venture
MONDAY, JUNE 16, 2003 8:10 AM
- BusinessWire
NEW YORK & VANCOUVER, British Columbia, Jun 16, 2003 (BUSINESS WIRE) -- XRAYMEDIA.COM Inc., (XRMD) , the leading real-time negotiating technology provider to the media industry, is pleased to announce the Company is has received its latest batch of significant media orders valued in excess of $11 million.
The media orders, which are separate from our previously announced contracts of approximately $15 million, include an Eastern USA cable television package with a total retail value in excess of $10 million and a major radio station package with a retail value in excess of $1 million. In addition, the company has successfully negotiated a new revenue-sharing joint venture with a major infomercial firm that specializes in procuring mass marketable products for media production and sales. The new joint venture partner has great experience in infomercial productions and product marketing through TV, Radio, and Print mediums along with its proven ability to generate gross sales in excess of $50 million on a successful product, once critical mass is reached.
"These new contracts represent a major addition to our rapidly growing order flow," said Raymond Dabney, XRAYMEDIA President, and CEO. "Over the past week, we have continued to see significant growth in orders from a wide array of media sources. The television and radio orders are a major milestone for our Company. Since we started processing orders over the past week, we have seen a sharp increase in the diversity of our media orders received. We are delighted with the progress that we've made over the past several days and we couldn't be more pleased with the efforts of our Joint Venture partners. As we continue building our platform for the Live Media Marketplace LMM v3.0, we expect new order flow to continue to increase significantly."
Commenting further, Mr. Dabney states, "The new joint venture with the infomercial company represents a new and exciting avenue for immediate revenue growth. The past success of our new partner is evident when one of their previous product campaigns reached sales in excess of $75 million. I look forward to outlining our joint marketing plan in the very near term. Once the rollout is fully implemented, we expect a significant impact in our sales. Looking forward, we anticipate continued robust growth in our Live Media Marketplace v3.0 once we've actually launched our worldwide marketing plan."
About XRAYMEDIA
XRAYMEDIA is a traditional advertising agency that has leading edge live media trading technology. "The Live Media Marketplace v3.0" is available for Private-labeled in-house use and live general public negotiations. All buyers and sellers of media can negotiate in real-time, choosing currencies from around the world or use the new trade/barter modules to instantly change cash/trade values and percentage blends, over the Internet in a secure and simple manner. The system provides private, one-on-one, and one-to-many negotiations while dynamically loading and matching inventory changes and instantly updating new opportunities. Maximizing its registered users' reach to find the optimum market price for any given media inventory without compromising the seller's proprietary pricing information or identity if they so choose. Sign in at www.xraymedia.com; there are no sign up fees or monthly charges for buyers or sellers. Place your orders and start negotiating live, in a private secured 128-bit encrypted media trading floor.
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will", "anticipates", "believes", "plans", "goal", "expects", "future", "intends" and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about XRAYMEDIA.COM INC., please refer to its Form 10-ksb filed with the Securities and Exchange Commission and available on the SEC website at www.sec.gov.
SOURCE: XRAYMEDIA.COM, Inc.
