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November 15, 2000 14:38
XRAYMEDIA.COM Sets Initiatives To Bolster Earnings; Enters Negotiations To Purchase ISP
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NEW YORK & VANCOUVER, B.C.--(BUSINESS WIRE)--Nov. 15, 2000-- XRAYMEDIA.COM INC. (OTCBB:XRMD) is pleased to announce that it is currently in negotiations to purchase a fully developed Internet Service Provider (ISP) to complement its menu services, add cash-flow and help expedite the realization of the company's complex Internet Media SuperPortal strategy.
Raymond C. Dabney President & C.E.O., states, "Our first acquisition will be a company with optimal cash flow and infrastructure. This will help address the issue of earnings, while consolidating the work we have done on our Media SuperPortal. We have identified several entities at this point and are formally beginning the full due diligence process to purchase of one of them at this time. This acquisition should put us well ahead of our growth projections where Internet media service capabilities are concerned. This approach is intended to put us into a healthy positive cash flow position as well as shave years of valuable time that research and development might have taken. Several companies have approached us in diverse industries looking for business opportunities in light of the successful release of our Media SuperPortal. Our concept of a universal media site may require additional acquisitions to accelerate the revenue streams made available to us within the diverse scope of our business model. One of the criteria we have identified for all potential acquisitions is a good positive cash flow that will help add to the bottom line of our financial statements and enable us to multiply that cash flow to propel us the next level quickly."
Media Director, Meir D. Kahtan comments, "At this point in the company's development, it is imperative to go after sustained revenue. The rules for dot-coms are no different that those for bricks and mortar institutions. To date, the New York office has delivered 5 revenue contracts for the business. Additionally, out of the new inbound inquiries to XRAYMEDIA.COM, the Vancouver Client Relations Department is working on identifying further opportunities."
XRAYMEDIA.COM's immediate goal is to provide a full service Media SuperPortal enabling all businesses from small to large can gain access to real-time media placement services, in both buying and selling of all forms of advertising spaces. Offering up the buying power of a $100 Million Dollar New York Advertising agency, XRAYMEDIA.COM can purchase large and small media in virtually any form required for their clients along with offering Public Relations services that are second to none based on the expertise and relationships forged over the years by their Media Services Department all at a price the general public will come to know as the new industry standard for pricing structure and service. The XRAYMEDIA.COM Media SuperPortal as a whole was created to be a one-of-a-kind Corporate Media Community to provide a global marketplace based on encompassing the needs of the Media industry as a whole. Public Relation Services, full Advertising Agency Services, Design Services and full suite of emarketing channels regardless of the size of the order.
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will", "anticipates", "believes", "plans", "goal", "expects", "future", "intends" and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about XRAYMEDIA.COM INC., please refer to its Form 10-ksb filed with the Securities and Exchange Commission and available on the SEC website at www.sec.gov.
CONTACT: XRAYMEDIA.COM, INC.
Raymond C. Dabney
President & C.E.O.
Tel: 888/777-0658
info@xraymedia.com
or
XRAYMEDIA.COM, INC./MKPR
Meir D. Kahtan
Media Director
Tel: 212/699-6065
mkahtan@rcn.com |
