NeoMedia Expands Micro Paint Repair Business With $23 Million Agreement; Distribution Partner to Roll-Out 500 Centers throughout Australia and New Zealand
High-Tech Writers / Business Editors FT. MYERS, Fla.--(BUSINESS WIRE)--NEOM-- NeoMedia Technologies, Inc. (OTCBB:NEOM), said today it has taken a major step in the worldwide expansion of its Micro Paint Repair Business Unit by signing a distribution agreement with Micro Paint Systems (Australasia) Limited of New Zealand. The agreement is for exclusive distribution rights to NeoMedia's micro paint repair products in Australia and New Zealand, contingent on a minimum purchase of 500 systems over five years, which would generate approximately $23 million in revenue to NeoMedia. Charles T. Jensen, president, COO and acting CEO of NeoMedia, said that Micro Paint Systems (Australasia) Limited of Auckland, New Zealand "will offer our proprietary paint and systems under their label starting later this summer." The agreement gives Micro Paint Systems the exclusive rights to NeoMedia's state-of-the-art paint products and systems to repair cars, trucks and other vehicles in Australia and New Zealand, as long as sales goals are met. He said NeoMedia received an initial payment on signing of the contract, which included the fee for the first four systems, and that an intensive two-week training course for training specialists from Micro Paint will begin next month at the NeoMedia Micro Paint Business Unit's Training Centre in Calgary, Alberta, Canada. 'Aggressive, Doable' Business Plans Jensen said that both NeoMedia and its new Australasian partner have "aggressive doable business plans. NeoMedia intends to offer our Micro Paint Repair Business Unit's products, systems and services worldwide," he said. He said the agreement calls for Micro Paint to put 60 systems in place in its first full year operation, ending August 31, 2005, with an additional 90 systems sold in the second year. NeoMedia's micro paint repair system continues to evolve after more than a decade of research, development, manufacture and use. Chips, scratches, spots, blemishes and oxidized paint can all be corrected with the system, including problems with exotic pearlized paints, metallics and tri-coats. NeoMedia's system and process employs proprietary technology and safe materials, and is free from harmful isocyanates. 'Without Equal Anywhere in the World' Les Ellison, a director of Micro Paint Systems, said he and his co-directors "believe the proprietary technology developed by NeoMedia is without equal anywhere in the world. We see the opportunity to bring these paints and repair system to Australasia as huge," he said. "At the NeoMedia Development Centre in Calgary we were impressed with the quality of the paint-matching and other advantages, particularly that the system is isocyanate-free," he said. "And NeoMedia offers an unparalleled repair time turnaround. In our opinions, its system is head and shoulders above anything else in the marketplace." About NeoMedia Technologies, Inc. NeoMedia Technologies, Inc. (www.neom.com) is a developer of patented software and technologies which link physical objects directly to targeted online data, with expertise in homeland security and e-authentications NeoMedia markets PaperClick(R) and PaperClick for Cell Phones(TM), a mobile extension of the PaperClick platform, and a Systems Integration Group which specializes in providing expert-based IT consulting, hardware, and software solutions. The NeoMedia Micro Paint Repair Business Unit (formerly CSI International Inc.), is a 13-year-old company based in Calgary, Alberta, Canada, which specializes in products and services for the worldwide micro paint repair industry. This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement. KEYWORD: INTERNATIONAL ASIA PACIFIC FLORIDA INDUSTRY KEYWORD: AUTOMOTIVE CHEMICALS/PLASTICS TELECOMMUNICATIONS SOFTWARE NETWORKING MARKETING AGREEMENTS SOURCE: NeoMedia Technologies, Inc. CONTACT INFORMATION: NeoMedia Technologies, Inc. Charles T. Jensen, 239-337-3434 firstname.lastname@example.org or The Kaminer Group David A. Kaminer, 914-684-1934 email@example.com
------------------ Due Da Due......But Be Quick About It!!!!!
MONDAY, JUNE 21, 2004 NeoMedia Technologies and Intel to Collaborate on PaperClick as Mobile-to-Internet Linking Platform - BusinessWire 8:30 AM
FT. MYERS, Fla., Jun 21, 2004 (BUSINESS WIRE) -- NeoMedia Technologies, Inc. (NEOM), today announced that it has entered into a collaborative agreement with Intel Corporation (INTC) for NeoMedia's PaperClick(R) mobile connectivity platform to operate on the recently introduced Intel PXA27x processor family-based cellular phones.
Charles T. Jensen, president, COO and acting CEO of NeoMedia, said the collaborative effort with Intel is aimed at tapping the rapidly-developing global wireless Internet connectivity markets for Web-enabled tri-band, WiFi (802.11b) and BlueTooth(R) devices.
"Today," said Jensen, "business enterprise and mobile consumer lifestyles demand the ability to access all types of information, anywhere at any time. NeoMedia and Intel have agreed to work jointly, including developing and marketing NeoMedia's PaperClick product for the PXA27x processor family, and cooperating to foster penetration of the enterprise and consumer global mobile marketplace by both companies.
"NeoMedia believes our PaperClick platform can be a significant asset and capability in the wireless broadband space," Jensen said. "The direct-to-content (D2C) technology of PaperClick enables and drives a multitude of high volume data transfer. D2C means faster and easier access to high data applications, including music and video downloads, full motion video, multimedia applications, file transfer and text. PaperClick delivers to users all that the Internet has to offer."
Intel PXA27x Processor Family
The PXA27x processor family was designed by Intel from the ground up for wireless clients, and incorporating the latest Intel advancements in mobile technology, redefining what a wireless handheld can do by incorporating innovative new features while borrowing and enhancing others from the world of the PC.
The PXA27x processors are the first Intel XScale(R) technology-based processors to include Intel Wireless MMX(TM) technology, enabling high-performance multimedia acceleration with an industry-proven instruction set. Another innovative feature is the Intel(R) Quick Capture technology, designed by Intel to provide one of the industry's most flexible and powerful camera interfaces for capturing digital images and video.
Patented PaperClick Technology
NeoMedia is the developer, patents holder and global provider of a revolutionary Internet linking technology. The PaperClick software platform provides the means of connecting the entire physical world directly to specific Web content and services.
"To be chosen by Intel and to join forces with a company of Intel's stature is yet another major validation of the functionality and marketability of NeoMedia technologies," Jensen said. "In partnership with Intel, NeoMedia is eager to bring PaperClick technology and XScale technology to an awaiting worldwide audience."
About NeoMedia Technologies, Inc.
NeoMedia Technologies, Inc. (www.neom.com) is a developer and international marketer of software and patented technologies which link products, print, and physical objects directly to targeted online data, with expertise in homeland security and e-authentication applications. NeoMedia markets PaperClick and PaperClick for Cell/Mobile Phones(TM), which link physical information and objects to the Internet, and its Systems Integration Group specializes in providing expert-based IT consulting, hardware, and software solutions.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
PaperClick is a registered trademark and PaperClick for Cell/Mobile Phones is a trademark of NeoMedia Technologies, Inc.
Intel XScale and Intel Quick Capture are registered trademarks, and Wireless MMX is a trademark, of Intel Corporation.
Other trademarks are properties of their respective owners.
SOURCE: NeoMedia Technologies, Inc.
NeoMedia Technologies, Inc.Charles T. Jensen, firstname.lastname@example.org:The Kaminer GroupDavid A. Kaminer, email@example.com
I was looking at it to jump in but missed this latest run that looks like its gonna keeeeeeep on going, we'll see. Probably a candidate for an end of the day run as well.
Posts: 1451 | From: Somersworth, NH | Registered: May 2004
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