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FT. MYERS, Fla., Oct 26, 2004 (BUSINESS WIRE) -- NeoMedia Technologies, Inc. (OTC BB: NEOM), today announced its intention to issue its first-ever stock dividend with the distribution of common shares of IPoint-Media Ltd. of Tel Aviv as a property dividend.
Charles T. Jensen, president, CEO and COO of NeoMedia, said NeoMedia will distribute 5% (or 20,435 shares) of IPoint's common stock. All NeoMedia shareholders of record as of November 17, 2004 will be eligible for the dividend, he said, and are expected to receive one share of registered, free-trading IPoint stock for approximately every 18,000 shares of NeoMedia stock they own.
Mr. Jensen said that the date of the property dividend payment will be announced after the Securities and Exchange Commission declares IPoint's SB-2 registration statement effective.
On September 13, 2004, NeoMedia, a developer and international marketer of software and patented technologies which link products, print, and physical objects directly to targeted online data, announced the signing of a business development and investment agreement with IPoint-Media. Ltd. Specializing in customer interaction management, iPoint developed the world's first IP video call centers for Deutsche Telecom(R), and also provides video access services to SONY(R) Europe.
On the signing of that agreement, Mr. Jensen said NeoMedia immediately received 7 percent of the stock in IPoint, and that it also acquired an additional 10 percent of IPoint for a $1 million investment."NeoMedia is pleased to reward our loyal shareholders with this stock property dividend,"Mr. Jensen said."When NeoMedia agreed to take an interest in IPoint, I noted that the two companies shared synergies in product and mission, and that we were both innovators who created leading-edge solutions for a worldwide, world-class customer base. Today's announcement is the first fruit from what we hope will be a fruitful relationship."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(R) and PaperClick for Camera Cell 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.
About iPoint-Media Ltd.
IPoint-Media Ltd. (www.ipoint-media.com) is dedicated to being the video access platform and application engine of choice for service providers. It was founded in 2001 as a spin-off from Imagine Visual Dialog Ltd., whose shareholders include Israeli-based Nisko group, a leading holding company, Singapore-based Keppel T&T, and marketing and advertising leader WPP. Muki Geller, founder of Imagine Visual Dialog, is the founder, president and CEO of iPoint, which is headquartered in Tel Aviv with a European customer support center in The Netherlands.
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 Camera Cell Phones a trademark of NeoMedia Technologies, Inc.
Businesswire, Wednesday, October 27, 2004 at 11:42
SAN FRANCISCO, Oct 27, 2004 (BUSINESS WIRE) -- NeoMedia Technologies, Inc. (OTCBB:NEOM), said today it has agreed with Fortune(R) 500 company SAIC (Science Applications International Corporation) to jointly establish, launch, promote and manage the new worldwide mobile"PaperClick WordRegistry(TM),"a linking and switching platform for use on Web-enabled cell phones and PDA's.
When used with PaperClick Mobile Go-Window(TM), NeoMedia's new wireless product which creates a text-entry window on a phone or PDA screen, registered words (or registered phrases) are entered to bring up an automatic link to specific targeted products and promotions."Just imagine entering a word or short phase, such as a product name or description, and immediately going to the appropriate Web site on your mobile device,"said Charles T. Jensen, president, CEO and COO of NeoMedia."Soon, users of the PaperClick Go-Window will be able to enter a registered word to quickly and easily get the information they need to make a purchase decision, receive a promotion, and more . . . all automatically."Announced at CTIA
The announcement of the NeoMedia-SAIC teaming arrangement to create the WordRegistry was made at CTIA 2004 at Moscone West, the semi-annual event for the international wireless telecommunications industry, where the patented PaperClick(R) platform is being shown and demonstrated in the Intel PCA (Internet Personal Client Architecture) booth (#421) and NeoMedia booth (#567).
Linking Words and Internet Sites
The WordRegistry will be the official mechanism and repository of information and data pertaining to direct mappings of words and word phrases to their associated digital content. Words or word phrases registered by marketing-driven companies will enable on-going interactive communications between marketer and customer.
Words and phrases will work on NeoMedia's recently-introduced PaperClick Mobile Go-Window, a wireless product that creates a text-entry window on a PDA or cell phone screen in which users can enter a registered Word, such as a product name, or ID and be automatically linked to specific targeted information via patented PaperClick technology and software.
SAIC is the nation's largest employee-owned research and engineering company, providing information technology, systems integration and eSolutions to commercial and government customers. SAIC engineers and scientists work to solve complex technical problems in national and homeland security, energy, the environment, space, telecommunications, health care, transportation and logistics. With annual revenues of $6.7 billion, SAIC and its subsidiaries, including Telcordia Technologies, have more than 44,000 employees at offices in more than 150 cities worldwide. More information about SAIC can be found on the Internet at www.saic.com
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It's running now. I wonder if it will ever run again like it did LAST year! From .01 to .43 in a week! (Closed about ,28 though and it was all downhill after that)
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
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yep i'll be jumpin on this band wagon tomorrow. should be interesting with the backing from a company of 6 billion in revs.
Posts: 829 | From: people's republic of cambridge | Registered: Jun 2004
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i wonder what tomorrow hide to us .. i though we gonna see at least 0.1 today ..still holding any way..
Posts: 245 | Registered: Oct 2004
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Folks, this is a nice slow and steady climb. With their association with a fortune 500 company, there is no reason that we won't shortly see pps at the 52 week high.
P.S. This has seen a 90% pps increase in 2 weeks after the news with the venture.
[This message has been edited by justplayin (edited November 08, 2004).]
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