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CONNECTED MEDIA TECH INC (U-CNCM) - News Release NBC Universal Television Stations License Connected Media's Digital News Content
2006-11-02 10:56 ET - News Release
MIAMI, Nov. 2 /PRNewswire-FirstCall/ -- Connected Media Technologies, Inc. , a provider of digital media marketing solutions, announced that one of its wholly-owned subsidiaries has entered into a two-year content license agreement with the NBC Universal Television Stations to have certain non-exclusive rights to several hundred original stories from the content library recently acquired by Connected Media. Originally produced for the broadcast television market, the short-form stories to be provided to the stations cover a wide range of topics and will be utilized by the stations across digital and emerging media platforms.
"We are very pleased to have the NBCU stations as a customer," said Izzy Gonzalez, President of Connected Media. "Being a reliable source of digital video content is an important part of our strategy to provide digital media and technology solutions. As a recognized leader in delivering quality entertainment, news and information through all channels of distribution, the NBC stations are an ideal partner for our professionally produced and topical stories."
The content library recently acquired by Connected Media through its wholly owned subsidiary includes a wide range of originally produced broadcast stories covering topics in categories including health and fitness, technology, money and finance, automotive and other consumer and lifestyle trends. Syndicated to independent and network owned and affiliated broadcast TV stations under the NewsProNet brand, the content currently reaches approximately 77% of U.S. television homes each month.
About Connected Media Technologies, Inc.
Connected Media is a digital solutions company offering sales, content and marketing solutions across a broad spectrum of current and emerging media platforms, including portable devices. The Company holds exclusive licenses to US Patent #6,101,534, "Interactive, Remote, Computer Interface System", and US Patent #6,952,697, "A Media Validation System" and to a number of additional patent applications pending with the USPTO. NMI, a Puerto Rico-based full-service marketing communications agency, is a wholly owned subsidiary of Connected Media. Founded in 1997, NMI provides complete marketing and communications initiatives to blue-chip corporate clients such as Royal Caribbean, Lucent Technologies, Avaya, RJR/Nabisco and Argent. Connected Media also produces and owns a content library of broadcast news stories, as well as the NewsProNet, SweepsFeed, HeadsUp!, KnowMore, and Impacto brands. Additional information about Connected Media is available on the Company's web site at www.connectedmedia.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the company's business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this press release. These and other important factors, including the company's ability to prosecute and defend its patents, attract new licensees, maintain the company's relationships with strategic partners and acquire new strategic partners, the company's ability to raise additional capital and other factors mentioned in various Securities and Exchange Commission filings made periodically by the company, may cause the company's actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the company's expectations or future events. The Connected Media Technologies, Inc. logo is a trademark of Connected Media Technologies, Inc.
Connected Media Technologies, Inc.
CONTACT: Jeffrey W. Sass, CEO, Connected Media Technologies, Inc., +1-786-425-0028, Fax: +1-786-425-0067, jsass*connectedmedia.com
posted
Connected Media Acquires Substantial Content Library
PR Newswire via COMTEX
Oct 11, 2006 4:36:00 PM
Digital Media Company Adds Assets of NewsProNet Interactive To Improve Its Growing Portfolio of Converged Media Solutions
MIAMI, Oct 11, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
Connected Media Technologies, Inc. (OTC Bulletin Board: CNCM.OB), a provider of digital media marketing solutions, today announced that it has acquired certain assets of NewsProNet Interactive, LLC, a provider of converged media content solutions and interactive branding strategies for local television broadcasters. The assets acquired include several intellectual property assets, including NewsProNet's library of broadcast content. The company had previously disclosed that it had entered into a non-binding letter of intent to acquire these assets.
"We believe that these newly acquired assets will provide us with numerous cross-selling and business development opportunities," said Jeffrey W. Sass, Chief Executive Officer of Connected Media. "Though we do plan on continuing to service NewsProNet's existing customers -- who will experience no interruption in service -- we're clearly looking forward to redeploying the vast content library in several new and exciting ways, leveraging the growing popularity of delivering digital video content through the internet and portable media devices. These assets will become another key building block for us as we strive to become a leader in providing reliable, innovative, and cost-effective digital content, media and technology solutions to businesses, agencies and consumers."
The content library acquired by Connected Media includes a wide range of originally produced broadcast news stories covering topics in categories including health and fitness, technology, money and finance, automotive and other consumer and lifestyle trends. Syndicated to independent and network owned and affiliated broadcast TV stations, the NewsProNet content reaches approximately 77% of U.S. television homes each month. Connected Media also acquired all rights to the SweepsFeed, HeadsUp!, KnowMore, and Impacto brands and assets, in addition to the NewsProNet name and domain. In addition to expanding the development and utilization of these assets, the company plans on continuing to market the content to media companies who use content and programming strategies to help drive audience to their broadcast and Internet properties.
Connected Media acquired the assets via the purchase of certain secured debt from NewsProNet's senior secured lender. As part of its consideration, Connected Media issued 15,000,000 shares of its common stock to the senior secured lender in exchange for the debt. Thereafter, in lieu of immediate foreclosure upon the debt, Connected Media accepted certain NewsProNet assets and contracts as partial payment against the debt. Additionally, as part of the consideration for the acquisition of the debt, Connected Media agreed to provide the senior secured lender with an ongoing non-exclusive license to use certain NewsProNet content. Going forward, key members of NewsProNet's staff also agreed to assist Connected Media with both the servicing of existing customers, and the redevelopment and redeployment of the content library.
About Connected Media Technologies, Inc.
Connected Media is a digital solutions company offering sales, content and marketing solutions across a broad spectrum of current and emerging media platforms, including portable devices. The Company holds exclusive licenses to US Patent #6,101,534, "Interactive, Remote, Computer Interface System", and US Patent #6,952,697, "A Media Validation System" and to a number of additional patent applications pending with the USPTO. NMI, a Puerto Rico-based full- service marketing communications agency, is a wholly owned subsidiary of Connected Media. Founded in 1997, NMI provides complete marketing and communications initiatives to blue-chip corporate clients such as Royal Caribbean, Lucent Technologies, Avaya, RJR/Nabisco and Argent. Additional information about Connected Media is available on the Company's web site at www.connectedmedia.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the company's business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this press release. These and other important factors, including the company's ability to prosecute and defend its patents, attract new licensees, maintain the company's relationships with strategic partners and acquire new strategic partners, the company's ability to raise additional capital and other factors mentioned in various Securities and Exchange Commission filings made periodically by the company, may cause the company's actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward- looking statements made herein to reflect changes in the company's expectations or future events. The Connected Media Technologies, Inc. logo is a trademark of Connected Media Technologies, Inc.
SOURCE Connected Media Technologies, Inc.
Jeffrey W. Sass, CEO of Connected Media Technologies, Inc., +1-786-425-0028, or Fax: +1-786-425-0067, jsass*connectedmedia.com http://www.prnewswire.com
Copyright (C) 2006 PR Newswire. All rights reserved
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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hold on...don't think it's done yet. If it can hold above .022 it should move again after lunch imho.
Posts: 196 | From: Northern VA | Registered: Feb 2006
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