XRMD..Moving on Good More NEWS out...
By: darrenonabc
18 Jul 2003, 02:49 PM EDT Msg. 26298 of 26299
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NEWS:XRAYMEDIA Signs Major Corporate Trade Agreement, Expects to Pay Down Debt
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NEW YORK & VANCOUVER, British Columbia--(BUSINESS WIRE)--July 18, 2003--XRAYMEDIA.COM Inc., (OTCBB:XRMD), the leading real-time negotiating technology provider to the media industry, is pleased to announce the Company has entered into a corporate trade agreement to add over $2.5 million in corporate trade assets. The agreement allows the Company to add quality assets to its balance sheet in addition to increasing its internal media purchasing power. XRAYMEDIA intends to leverage its current robust business and pay down a substantial amount of its debt during the 3rd quarter.
Commenting on these new developments, Raymond C. Dabney, XRAYMEDIA CEO and President, states, "We are very excited about the opportunity to add quality assets to our balance sheet. This new trade agreement gives the Company a significant opportunity to procure nearly $3 million in corporate trade assets that will allow us to bolster our bottom line and purchase more wholesale media for internal use and for our clients. Because these types of deals are very lucrative and unique, we anticipate a positive impact on our revenues and earnings for the 3rd quarter and beyond. As we go forward, the Company plans on purchasing more media for its internal media bank that should translate into increased profitability and assets on our books. Over the past several weeks we have experienced strong demand from our joint venture partners, as well as new registered clients. In the very near term, we will reassess our order flow and provide additional guidance for our 3rd quarter and beyond. Our business continues to exceed our own internal forecast and we expect to raise our guidance for this quarter as well as for the remainder of the year. As we move forward during this quarter, our goal is to continue to focus on increasing shareholder value. I look forward to updating our business outlook in the very near future."
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.
CONTACT: XRAYMEDIA.COM, INC.
Raymond C. Dabney, 888-777-0658
info@xraymedia.com |
