Item 2 MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION MANAGEMENT'S DISCUSSION AND ANALYSIS OF INTERIM FINANCIAL CONDITION AND RESULTS OF OPERATIONS
FORWARD-LOOKING STATEMENTS
This quarterly report on Form 10-QSB, including this Management's Discussion and Analysis of Financial Condition and Results of Operations, contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements are based on current expectations, estimates, forecasts, and projections about the industries in which we operate and the beliefs and assumptions of our management. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions are intended to identify such forward-looking statements. In addition, any statements that refer to projections of our future financial performance, our anticipated growth and trends in our business and other characterizations of future events or circumstances are forward-looking statements. Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. Readers are referred to risks and uncertainties identified below, under "Risk Factors" and elsewhere herein. We undertake no obligation to revise or update any forward-looking statements for any reason.
OVERVIEW
Our current name and business operations have been preceded by various historical name changes and changes in its capitalization.
Mountaintop Corporation becomes New Mountaintop Corporation
Our predecessor was first organized as a Delaware corporation on December 11, 1989 under the name Mountaintop Corporation and in July 1990 became subject to the reporting requirements of the Securities and Exchange Act of 1934 (the "Exchange Act"). Mountaintop Corporation was involved in the distribution and marketing of spirits, among other things. That business ultimately did not succeed and in 1992, Mountaintop Corporation ceased operations. Shortly thereafter, the charter of Mountaintop Corporation was forfeited by the State of Delaware for non-payment of franchise taxes. On February 21, 2003 through the efforts of its then-majority stockholder and sole director, the company revived and reinstated its charter effective March 1, 1993. However, during the process of reviving the company, the State of Delaware notified the company that its name, Mountaintop Corporation, was no longer available. Thus, the name of the company was changed to New Mountaintop Corporation. In addition, at the time of that name change, the company amended its Certificate of Incorporation to authorize common stock of 500,000,000 shares, par value $ 0.0001, and 10,000,000 shares of preferred stock, par value $ 0.0001.
After the company had its charter reinstated, New Mountaintop Corporation (f/k/a Mountaintop Corporation) continued its reporting obligations of the Exchange Act and upon being reinstated filed its 10-K for the year ended December 31, 2002.
New Mountaintop Corporation becomes Trust Licensing, Inc.
On August 24, 2004, pursuant to the Florida rules and regulations governing mergers and acquisitions, we acquired, by merger, all of the assets and business of Trust Licensing, LLC ("TLLLC") through our newly formed wholly owned subsidiary. As consideration for the merger, we issued 270,072,000 shares of our common stock, par value $ .0001 per share representing approximately 93% of its issued and outstanding shares (after giving effect to a 1:10 reverse stock split). The reverse merger was accompanied by a change in the name to Trust Licensing, Inc., in the Board of Directors, management, and business focus. Prior to the merger, we had not conducted regular business operations for several years; rather, its primary focus was seeking a business to acquire. On December 31, 2004, we became eligible for trading on the over-the-counter bulletin board under the symbol TRTL.OB. As a result of the merger, we became the successor in interest to New Mountaintop Corporation and assumed its Exchange Act reporting obligations.
Trust Licensing, Inc. becomes Connected Media Technologies, Inc.
In early May 2005, we were advised by the Secretary of State of the State of Delaware that the State had failed to notify the company that the use of the word "Trust" in its corporate name was inconsistent with the applicable provisions of the Delaware Banking Law and requested that we change our name. Therefore, on May 18, 2005, we changed our name to Connected Media Technologies, Inc. Our trading symbol was subsequently changed to CNCM.OB.
In addition, prior to the 2004 reverse merger, TLLLC had been considering a joint business relationship with an unrelated third-party. In connection with this transaction, the third party formed a California corporation named Connected Media, Inc. The goal was to use the name "Connected Media" and as part of the relationship TLLLC funded the purchase of the web address (URL) www.connectedmedia.com, which was then assigned to the third party. In connection with this transaction, a "Connected Media" logo was developed by the third party. In March 2005, however, the third party decided it was not in a position to continue to pursue the business relationship and offered to assign to us, at no cost, all of its right, title and interest in and to the Connected Media name, logo and URL, as well as all of the issued and outstanding shares of Connected Media, Inc. At the time, and since its inception, Connected Media, Inc. had been an inactive corporation with no assets or liabilities. The assignment was made at zero cost and there was no accounting effect to this transaction. Furthermore, the transaction had no material impact on our business. The sole purpose of completing the assignment was to ensure that Connected Media would remain inactive in order to avoid confusion and protect and preserve our intended use of the name "Connected Media."
As of September 30, 2006, we currently have the following wholly-owned subsidiaries: Trust Licensing, Inc., a Florida corporation (successor-by-merger to TLLLC), Connected Media, Inc., the inactive California corporation, and Natcom Marketing International, Inc., a Puerto Rico corporation (described below).
Connected Media Technologies, Inc. agrees to acquire Natcom Marketing International, Inc.
On July 10, 2006, pursuant to a Stock Purchase Agreement and Share Exchange with (i) NMI and (ii) the NMI shareholders, we acquired all of the outstanding shares of NMI in exchange for the issuance of common shares to the NMI shareholders in an amount equal to approximately fifty percent (50%) of the company's then issued and outstanding shares after the issuance. As a result of the transaction, NMI became our wholly owned subsidiary.
NMI was founded in 1997 as a full-service marketing communications agency focused on serving multi-national organizations, as well as emerging growth companies seeking to enter or expand in the U.S. Hispanic/Latin American markets. NMI uses media as its main entry into the Hispanic and minority advertising space. NMI's clients have included Lucent Technologies, Royal Caribbean, RJR/Nabisco, Argent, IGT, Avaya, and others.
NMI has developed a special expertise in serving clients that are entering into or expanding their operations in the U.S. Hispanic marketplace, as well as the Latin America/Caribbean region. For these clients, NMI offers a unique marketing message by using television through syndicated programming to reach its market at a very cost efficient rate.
NMI has been built upon the proposition that its primary value to its clients lies in learning as much as possible about the client's day-to-day business operations, marketing goals and corporate vision. In developing this customer intimacy, NMI becomes an extension of the client organization and a partner in achieving mutually beneficial goals. NMI is structured to develop long standing relationships with clients and receives revenue from consulting services and project based fees.
In connection with the NMI acquisition, on January 31, 2006, we also entered into a Purchase and Sale Agreement with Rothschild Trust Holdings. LLC ("RTH", an entity controlled by Leigh M. Rothschild, one of the company's directors) for the sale of certain issued and pending patents in exchange for the return of 13,241,223 shares of our common stock. As additional consideration, we were granted a license to use the patents pursuant to the terms of a License and Royalty Agreement, which grants us a twelve month right of election to license the patents. If we exercise the right of election, we will receive a two year exclusive license for the use of the patents that is renewable. Simultaneously therewith, the company, RTH, Montgomery Equity Partners, L.P. ("Montgomery"), and David Gonzalez, as Escrow Agent for Montgomery, entered into an Escrow Agreement, whereby the company and RTH agreed to place the 13,241,223 shares in escrow and the company agreed to deposit royalties otherwise payable to RTH into an escrow account held by the Escrow Agent until such time as royalties of $690,000 have been deposited into the escrow account or until Montgomery has been repaid and/or converted $690,000 of the convertible debentures issued to it. At such time, RTH shall have 30 days to replace these shares with $728,267.26 which shall be distributed to the company in exchange for these shares; otherwise, the Escrow Agent shall release these shares to the company and the royalties to RTH.
The Business of Connected Media/NMI
We are a sales and marketing company focused on digital media that offers a broad spectrum of digital services across current and emerging media platforms, including print, television, radio, Internet, CD, DVD and mobile devices such as mobile phones and PDAs. Our customers include companies, government agencies, advertising agencies, advertisers and content owners who seek to leverage opportunities in this age of "digital convergence." Thanks to the advent of digital technology, different media platforms have converged causing many changes in the way entertainment content, advertising and marketing messages are delivered to their audience. Companies are faced with a fragmented marketplace, where consumers are reached through multiple channels and on multiple devices - from televisions and radios, to computers, game consoles, mobile phones, personal digital assistants (PDA's) and portable media players (such as the iPOD and other devices). We offer creative services, marketing communications, content creation and distribution, and patented technology to help our clients navigate through this "new media" landscape. Although our initial operations began with us being a technology focused intellectual property company, through NMI, we have nearly 10 years experience as a full-service provider of strategic marketing consulting, comprehensive promotional planning and integrated, multi-media advertising campaigns. As a combined entity, the services we currently provide include consulting, advertising, media selection and placement, sales promotion, direct marketing, collateral development, television production and placement, radio production and placement, point-of-sale displays, trade shows, barter programs, Internet site development, and patented technology solutions.
As a result of the acquisition of NMI, our sales and marketing activities have been combined to leverage the core competencies of both entities. Operating under the Connected Media brand, our sales team has incorporated Connected Media's exclusive patent licenses into its marketing and communications initiatives to both established and new clients. With the wide range of services we now offer, we are able to provide our clients with a full turnkey "converged media" solution that can deliver and satisfy the customer's needs across current and emerging media platforms, including Print, Television, Radio, Internet, CD, DVD and portable devices such as mobile phones and PDA's. Our exclusive licenses to patented technologies enable us to add interactive CD-Rom and DVD disc-based solutions to enhance our offerings to customers and help them achieve their objectives.
In addition, on July 31, 2006 we entered into a non-binding letter of intent to acquire certain assets and operations of NewsProNet Interactive, LLC ("NPN"), a leader in converged media content solutions and interactive branding strategies for local television broadcasters. These assets include several intellectual property assets, including a library of broadcast content. We intend to use these assets to both service current clients of NPN (which include several broadcast media companies), and to develop numerous cross-selling and business development opportunities using our assets and the assets of NMI. (The NPN asset acquisition was completed after the close of the third quarter and is described in the "Subsequent Events" section.)
We are headquartered in Miami, Florida with its strong Hispanic and Latin American influences. As such, much of our staff is fluent in Spanish and has an in-depth knowledge of the different nuances in language and culture that characterize each Hispanic community. Our NMI subsidiary has developed a special expertise in serving clients that are entering into or expanding their operations in the U.S. Hispanic marketplace, as well as the Latin America/Caribbean region. For these clients, NMI offers a unique marketing message by using television through syndicated programming to reach its market at a very cost efficient rate.
Technology Licenses
We hold the exclusive license to patented technology that bridges the gap between online and offline initiatives by allowing websites to control video content on CD's, DVD's, Flash Discs, Memory Cards and other digital storage platforms. This process creates a direct connection between the disc user and a website. A "connected" disc directs traffic to a specific webpage and then delivers a high quality interactive video experience without the need for any streaming, downloading or other bandwidth costs or constraints. Applications of such patented solutions include promotions, training & distance learning, content distribution, tracking rich media content usage, and rewarding users for their web based activities.
Through the license agreement with RTH the Company is the exclusive licensee of United States Patent #6,101,534, "Interactive, Remote, Computer Interface System" ("'534 Patent") and a second patent, "A Media Validation System", U.S. Patent No. 6,952,697. The company also has certain exclusive rights to several additional patent applications filed with the United States Patent and Trademark Office.
In general, the claims of the '534 patent relate to technology that allows multimedia content stored on a removable local media (including, but not limited to CD-ROM and DVD-ROM discs) to be "controlled" or "released" for access by the user by visiting a related website on the Internet. Essentially every computer sold today has either a CD-ROM drive and/or a DVD drive and has the ability to access the Internet. In addition, it is anticipated that next generation DVD players will also have the ability to access the Internet, either directly, or by connecting through a home or business media hub. We believe this technology will offer content providers and advertisers opportunities to combine the dynamic capabilities of the Internet with disc based or similar local content. As an example, advertisers can use our technology to control access to disc based ads and promotions, allowing them to time release content, track usage and add updated information from the Internet.
Sales Strategy
In addition to the ongoing business of NMI (and NPN upon completion of the anticipated transaction), we are leveraging the established customer base and experience of NMI as it relates to opportunities for our patent licenses. For example, NMI has been hired by a tourism bureau in Europe to implement an Internet marketing campaign to promote travel to the destination. In the past NMI has created and placed an online marketing program for this customer. Now we will also incorporate a "connected" CD-Rom for this customer using our patented technology.
We have an in-house sales staff, currently consisting of two employees that target customers in travel, advertising, cable television and broadcast media, training & education, film, music and video. The goal of our sales staff is to utilize some or all of our core competencies to craft a solution to meet the needs of each individual client. This can range from the creation of marketing collateral or a digital branding strategy, to a full-blown turnkey solution involving content creation, media placement, web development and creation of an interactive CD-Rom or DVD utilizing patented technology.
In addition to our in-house sales staff, we also are establishing a network of performance based agents who have expertise, knowledge and contacts in a particular industry or market sector where we believe our services and technology can be utilized. For example we have agents presenting our capabilities and services to the Education, Religious and Cruise Industry markets. We also provide our services to third party companies that have been contracted by the U.S. Government for interactive training and other initiatives that can utilize our capabilities and technology. In particular, we have completed an interactive training CD-ROM for the United States Department of Housing and Urban Development (HUD). Natcom Marketing Communications, Inc. ("NMC"), a company owned by our Vice Chairman and principal shareholder Robert Rodriguez, has a contract with HUD and NMC engaged us to create a customized CD-Rom incorporating our patented technology. The CD-ROM will automatically link users to a special section of the HUD website, and provide access to high quality video training tutorials that we also produced. The video segments play from the CD in connection with links and information on the website.
We have developed a special focus on helping our customers leverage the many changes that have occurred in the areas of marketing, advertising and content delivery in the age of digital convergence and converged media. We believe that Government agencies as well as private sector companies across many industries and target markets are faced with new challenges as more and more consumers use the Internet and a wide range of digital media platforms to receive their entertainment and information. We offer digital media services and technology solutions to help our customers meet such challenges in a constantly changing environment.
In addition to servicing and expanding our business with existing customers, our sales team has proposals in front of a variety of potential new clients. These range from advertising agencies that can grow business with their own clients by utilizing our digital media services and patented technology, to media research firms, sports organizations, and the Latin American divisions of several national cable television channels. In all cases, after meeting with potential clients and evaluating their needs and objectives we craft a proposed solution that utilizes some or all of our offerings to help the customer achieve their stated goals.
We remain a development stage company in the very early stages of implementing our business plan. We believe that if potential revenue streams materialize from our services and applications in a timely and meaningful fashion, it will enable us to increase shareholder value. However, we do not believe that cash flow from operations alone will be sufficient to fund our activities in the next 12 months. As of September 30, 2006, we had total assets of approximately $ 796,000 ($ 218,828 of which is cash), and total liabilities of approximately $ 3,964,000. As described below, we will need to obtain additional financing for us to both implement our plans and to continue as a going concern.
CRITICAL ACCOUNTING POLICIES AND ESTIMATES
The preparation of financial statements and related disclosures in conformity with accounting principles generally accepted in the United States requires us to make judgments, assumptions, and estimates that affect the amounts reported in the Consolidated Financial Statements and accompanying notes. Note 3 to the Unaudited Consolidated Financial Statements describe the significant accounting policies and methods used in the preparation of the Consolidated Financial Statements. These critical accounting policies are affected significantly by judgments, assumptions, and estimates used in the preparation of the Consolidated Financial Statements and actual results could differ materially from the amounts reported based on these policies.
Accounting for Derivatives - We evaluate our convertible debt, options, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for under Statement of Financial Accounting Standards 133 "Accounting for Derivative Instruments and Hedging Activities" and related interpretations including EITF 00-19 "Accounting for Derivative Financial Instruments Indexed to, and Potentially Settled in, a Company's Own Stock". The result of this accounting treatment is that the fair value of the embedded derivative is marked-to-market each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the consolidated statement of operations as other income or expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Equity instruments that are initially classified as equity that become subject to reclassification under SFAS 133 are reclassified to liability at the fair value of the instrument on the reclassification date.
Revenue Recognition. We follow the guidance of the Securities and Exchange Commission's Staff Accounting Bulletin No. 104 for revenue recognition. In general, we record revenue when persuasive evidence of an arrangement exists, services have been rendered or product delivery has occurred, the sales price to the customer is fixed or determinable, and collectibility is reasonably assured. The following policies reflect specific criteria for our various revenues streams.
We intend to generate and collect periodic royalty revenue in connection with licensing agreements associated with their intellectual property. Royalty revenue is recognized as it is earned. We recognize income from licensing of patents ratably over the lesser of the economic or legal life of any granted licenses. We have not recognized any Royalty revenue for the three months ended September 30, 2006. However, we recorded $ 32,213 in revenue during the third quarter of 2006 from our subsidiary.
We recognize other income from patent infringement claims when the claim is settled, whether by negotiation or litigation. We recognized no "other income" during 2005 and for the nine months ended September 30, 2006.
Impairment of Long-Lived Assets. Our long-lived assets consist of patents (having a fair value of zero for GAAP purposes) and equipment. We review long-lived assets and certain identifiable assets related to those assets for impairment whenever circumstances and situations change such that there is an indication that the carrying amounts may not be recoverable. If the undiscounted future cash flows of the long-lived assets are less that the carrying amount, their carrying amount is reduced to fair value and an impairment loss is recognized. None of our long-lived assets required an impairment charge during the nine months ended September 30, 2006.
Contingencies and Litigation. We record a reserve for contingencies and litigation when an adverse outcome is probably and the amount of the potential liability is reasonably estimable. We are not currently a party in any litigation nor are we subject to any such contingencies.
RESULTS OF OPERATIONS
NINE MONTHS ENDED SEPTEMBER 30, 2006 COMPARED TO NINE MONTHS ENDED SEPTEMBER 30, 2005
Revenue. Our revenue was $183,463 and $8,203 for the nine months ended September 30, 2006 and September 30, 2005 respectively.
Cost of sales. For the nine months ended September 30, 2006 and 2005, cost of sales amounted to $127,159 and $8,144, respectively.
Operating Expenses. Operating expenses for the nine months ended September 30, 2006 was $ 406,137 compared to operating expenses of $ 140,724 for the same period in 2005, an increase of $265,413 or 188.6%. The increase in operating expenses results primarily from the following:
· For the nine months ended September 30, 2005, depreciation expense amounted to $65,351 as compared to $17,025 for the nine months ended September 30, 2005, an increase of $48,326 or 283.6%. This increase was attributable to the acquisition of Connected Media Technologies, Inc on July 10, 2006.
· For the nine months ended September 30, 2006, professional fees amounted to $94,858 as compared to $8,826 for the nine months ended September 30, 2005, an increase of $86,032. This increase was attributable to an increase in legal fees associated with our financings, acquisition activities, and registration statements and an increase in accounting fees.
· For the nine months ended September 30, 2006, rent expense amounted to $24,488 as compared to $5,824 for the nine months ended September 30, 2005, an increase of $18,664.
· For the nine months ended September 30, 2006, payroll, contract service and stock-based compensation amounted to $109,244 as compared to $68,734 for the nine months ended September 30, 2005, an increase of $40,510 or 58.9%. This increase was attributable to an increase in stock-based compensation of $30,105 related to the vesting of stock options and an increase in compensation due to our acquisition.
· For the nine months ended September 30, 2006, other selling, general and administrative expenses amounted to $112,196 as compared to $40,315 for the nine months ended September 30, 2005, an increase of $71,881 or 178.3%. This increase was attributable to an increase in operations.
Other expenses. $ 17,109,739 in "other expenses" was recognized for the nine months ended September 30, 2006. For the nine months ended September 30, 2006, we recorded an impairment of goodwill of $16,227,967 related to the reorganization of the company and our acquisition. Additionally, we recorded a loss from the initial valuation and the change in fair value of embedded conversion option liabilities of $473,143, a loss from the change in fair market value of warrant liability of $15,543, and interest expense of $393,086 related to the amortization of debt discount and accrued interest on our debt financings. We recognized $ 155,500 in "other expenses" for the nine months ended September 30, 2005 which was related to the impairment of an investment in common stock.
Net Loss. Our net loss for the nine months ended September 30, 2006 was $ 17,459,572 or $.04 per common share compared to a net loss of $ 296,165 or .
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
| IP: Logged |
posted
CBS Affiliate WHIO-TV 7 and ABC Affiliate KQTV Renew 'SweepsFeed' News Stories Service From Connected Media
Jan 22, 2007 13:22:00 (ET)
MIAMI, Jan 22, 2007 /PRNewswire-FirstCall via COMTEX/ -- Connected Media Technologies, Inc. (OTC Bulletin Board: CNCM.OB), a digital media and content provider, announced today that WHIO-TV 7 in Dayton, Ohio and KQTV in St. Joseph, Missouri have renewed their market exclusive subscriptions to the "SWEEPSFEED" news service. SweepsFeed(TM, Trade ) is a premium news service that delivers eight in-depth special reports every month. Produced and distributed by Connected Media's wholly-owned subsidiary under the NewsProNet brand, the "SWEEPSFEED" stories are designed to be easily localized by the broadcasting station, delivering a cost effective, local, high impact, promotable story. WHIO 7 has renewed their agreement for two years and KQTV for one year.
Izzy Gonzalez, President of Connected Media stated, "We are very pleased that broadcast stations such as WHIO 7 in Dayton and KQTV in St. Joseph have extended their agreements to continue to receive our NewsProNet stories. We are committed to continuing to produce and deliver network quality short form news stories for the broadcast, digital and mobile markets."
WHIO-TV 7 is the CBS Affiliate in the Dayton market and the home of the NewsCenter 7 team. WHIO is owned by Cox Broadcasting, a division of Cox Enterprises, Inc. In addition to 14 television stations, Cox owns 75 radio stations, 18 cable systems, 50% of GEMS Television, 24.6% of Discovery Communications, 10.4% of E! Entertainment Television and 10% of Primestar. Cox Enterprises also owns Cox Newspapers, Cox Interactive Media, and Mannheim Auto Auctions -- the world's largest auto auction company. KQTV is the ABC affiliate in St. Joseph, Missouri. Known as "Your Hometown News" station, KQTV is part of the Nexstar Broadcasting Group. Headquartered in Irving, Texas, Nexstar is a Top 20 television broadcasting company focused exclusively on the acquisition, development and operation of television stations in medium-sized markets in the United States.
About Connected Media
Connected Media is a digital media and content provider offering content and marketing solutions across a broad spectrum of current and emerging media platforms. Connected Media produces and owns a content library of short form broadcast news stories, as well as the NewsProNet, SweepsFeed, HeadsUp!, KnowMoreTV, and Impacto brands. In addition to serving the broadcast television market, Connected Media provides news stories and other content for all digital platforms, including the internet, IPTV and mobile devices. Through NMI, a wholly owned subsidiary of Connected Media, the company creates patented interactive training applications and digital media solutions for clients such as Tourism of Madrid, Argent, Miami Herald Media Company, Skyauction.com and the U.S. Department of Housing and Urban Development. 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." 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
Jeffrey W. Sass, CEO, Connected Media Technologies, Inc., +1-786-425-0028, Fax: +1-786-425-0067, jsass*connectedmedia.com
Related Quotes Sym. Price Chg. CNCM Trade News 0.012 0 Connected Media Creates Second Patented 'Internet Connected' CD-ROM for U.S. Federal Government
Jan 30, 2007 14:22:00 (ET)
MIAMI, Jan 30, 2007 /PRNewswire-FirstCall via COMTEX/ -- Connected Media Technologies, Inc. (OTC Bulletin Board: CNCM.OB), today announced that it is creating a second interactive training CD-ROM for the U.S. Department of Housing and Urban Development ("HUD"). The CD-ROM for HUD is part of an initiative by Natcom Marketing Communications. Jeffrey W. Sass, Connected Media's CEO stated, "We are very pleased to be expanding our work for HUD through our vendor relationship with Natcom Marketing Communications. We recognize the value of a web-connected disc using our patented process for expanding the reach and effectiveness of interactive training, and this second CD-ROM we are producing for HUD is another great example of this."
Connected Media Technologies is the exclusive licensor of US Patent #6,101,534 ("'534"). In general, the claims of the '534 patent relate to technology that allows a website on the internet to control the release and playback of video and multimedia content that is stored on a CD, DVD, flash disc, memory card, etc. This patented process creates a seamless interaction between the dynamic capabilities of a website and high quality video content already on the disc, providing a rich experience for the user without the need for streaming, downloading or any other bandwidth costs or constraints. The new HUD CD-ROM will contain video and training content from HUD's Small Business Roundtable Seminar and will link directly to a special section of the HUD website where the user can watch the content on the disc in conjunction with relevant web-based links and information.
About Connected Media
Connected Media is a digital media and content provider offering content and marketing solutions across a broad spectrum of current and emerging media platforms. Connected Media produces and owns a content library of short form broadcast news stories, as well as the NewsProNet, SweepsFeed, HeadsUp!, KnowMoreTV, and Impacto brands. In addition to serving the broadcast television market, Connected Media provides news stories and other content for all digital platforms, including the internet, IPTV and mobile devices. Through NMI, a wholly owned subsidiary of Connected Media, the company creates patented interactive training applications and digital media solutions for clients such as Tourism of Madrid, Argent, Miami Herald Media Company, Skyauction.com and the U.S. Department of Housing and Urban Development. 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." 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
posted
ABC Affiliate WHAS 11 Renews 'SWEEPSFEED' and 'HEADS UP!' News Stories Service From Connected Media
Feb 5, 2007 15:40:00 (ET)
MIAMI, Feb 05, 2007 /PRNewswire-FirstCall via COMTEX/ -- Connected Media Technologies, Inc. (CNCM, Trade ), a digital media and content provider, announced today that WHAS 11 in Louisville, Kentucky has renewed its market exclusive subscription to the "SWEEPSFEED" and "HEADSUP!" news services. SweepsFeed(TM) and HeadsUP!(TM) are premium news services that deliver in-depth special reports every month. Produced and distributed by Connected Media's wholly- owned subsidiary under the NewsProNet brand, the "SWEEPSFEED" and "HEADSUP!" stories are designed to be easily localized by the broadcasting station, delivering a cost effective, local, high impact, promotable story. WHAS 11 has renewed their agreement for one year.
Izzy Gonzalez, President of Connected Media stated, "The stories delivered in the SweepsFeed and HeadsUp services are proven performers in the broadcast market and we are very pleased that broadcast stations such as WHAS in Louisville continue to extend their agreements to receive our NewsProNet stories. With investigative reports, consumer alerts, new trends, hot topics, and money and finance stories, the SweepsFeed and HeadsUp! programs are well suited for all formats of broadcast and digital distribution."
WHAS 11 is the ABC Affiliate in the Louisville, Kentucky market and prides itself on "Coverage You Can Count On." The station is owned by A.H. Belo Corporation. A Fortune 1000 company, Belo owns 19 television stations; four daily newspapers; owns or operates seven cable news channels; and more than 30 Web sites, including some of the most popular local and regional news sites in the United States. Other Belo stations that receive NewsProNet stories include KING-TV in Seattle, KTVK-TV in Phoenix and KENS-TV in San Antonio.
About Connected Media
Connected Media is a digital media and content provider offering content and marketing solutions across a broad spectrum of current and emerging media platforms. Connected Media produces and owns a content library of short form broadcast news stories, as well as the NewsProNet, SweepsFeed, HeadsUp!, KnowMoreTV, and Impacto brands. In addition to serving the broadcast television market, Connected Media provides news stories and other content for all digital platforms, including the internet, IPTV and mobile devices. Through NMI, a wholly owned subsidiary of Connected Media, the company creates patented interactive training applications and digital media solutions for clients such as Tourism of Madrid, Argent, Miami Herald Media Company, Skyauction.com and the U.S. Department of Housing and Urban Development. 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." 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 Connected Media Technologies, Inc., +1-786-425-0028, Fax: +1-786-425-0067, jsass*connectedmedia.com
posted
Connected Media Launches On-Line Video Channels
Feb 14, 2007 09:00:00 (ET)
MIAMI, Feb 14, 2007 /PRNewswire-FirstCall via COMTEX/ -- Connected Media Technologies, Inc. (OTC Bulletin Board: CNCM.OB) has announced the launch of several video channels that will be accessible to online publishers. The Connected Media video channels will contain news and consumer interest stories produced under the NewsProNet brand. Leveraging the capabilities of the Brightcove Internet TV service, the broadband video channels offer integrated advertising opportunities as well as community tools that allow users to easily share videos and add them to their websites and ****s.
"We are very pleased to be making selections from our library of news stories available though Brightcove and their leading broadband distribution platform," said Jeffrey Sass, CEO of Connected Media Technologies. "The Brightcove digital platform gives us the tools to quickly and efficiently leverage online and broadband advertising and syndication opportunities as we expand the reach of our content beyond the broadcast television market."
The company's video segments in the channels published using Brightcove will be available for digital syndication. The Connected Media channels are also available at the www.brightcove.com consumer portal as well as at www.newspronet.com/ds . Covering topics in categories including health and fitness, technology, money and finance, family, technology and other consumer and lifestyle trends, the stories will be presented by topic as well as under the "KNOWMORETV" brand. Produced by award winning journalists and currently syndicated to independent and network owned and affiliated broadcast TV stations under the NewsProNet brand, the stories represent the highest quality production values and journalistic standards and have been packaged specifically for the Brightcove channels.
Through the Brightcove channels Connected Media can offer its broadband video content with multiple advertising opportunities, including a preroll video ad that is adjacent to each story. The video channels are Flash-based and do not require an additional download. This provides an instant, seamless experience for users, who can watch videos within their pages or through the www.brightcove.com portal.
About Connected Media Technologies, Inc.
Connected Media is a digital media and content provider offering content and marketing solutions across a broad spectrum of current and emerging media platforms. Connected Media produces and owns a content library of short form broadcast news stories, as well as the NewsProNet, SweepsFeed, HeadsUp!, KnowMoreTV, and Impacto brands. In addition to serving the broadcast television market, Connected Media provides news stories and other content for all digital platforms, including the internet, IPTV and mobile devices. Through NMI, a wholly owned subsidiary of Connected Media, the company creates patented interactive training applications and digital media solutions for clients such as Tourism of Madrid, Argent, Miami Herald Media Company, Skyauction.com and the U.S. Department of Housing and Urban Development. 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." 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, Connected Media Technologies, Inc., +1-786-425-0028, Fax: +1-786-425-0067, jsass*connectedmedia.com
posted
Nice rebound EOD hope you picked up some...Still might be able to get in the AM between .005-.007
Chart looks primed and oversold RSI is only 19.37 Gaps at.006 and a nice one that needs to be filled at .009-.012. Last time it had a burst around 11/5 or so the next day had about 11 mil in volume and went up about to about .034 from around .012. Not saying it will do it again but it has in the past.
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Wink]](wink.gif)
![[Smile]](smile.gif)
![[Razz]](tongue.gif)
![[Big Grin]](biggrin.gif)
![[Eek!]](eek.gif)
