TMMI - Total Multimedia Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : TMMI - Total Multimedia

TMMI 0.0105

-18.6%

Nov 14 2:41 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Carol S. who wrote (5902)	10/30/1997 6:11:00 PM
From: David Elliot	Read Replies (1) of 19109

Thursday October 30 5:52 PM EST Company Press Release Total Multimedia and the Preferred Lending Group Reach an Agreement. CAMARILLO, Calif., Oct. 30 /PRNewswire/ -- Total Multimedia, Inc. (Nasdaq:TMMI - news) and the Preferred Lender Group of New York City have reached an agreement regarding the restructuring of the preferred debt. Under the agreement, TMM will proceed to recover on certain claims in excess of 5 million dollars, the proceeds of which will be used to pay down the preferred lenders debt as well as fund TMM projects. As part of the agreement, the preferred lenders have agreed to fund TMM projects, including the marketing and distribution of the highly regarded TRUDEF line of compression. Lorne Mattner, Vice President of Business Development said, ''The timing could not be better. The initial orders for TMM's Christmas releases have far exceeded initial projections. With the support of the Preferred Lending Group, we can now aggressively market and distribute TMM products worldwide. This commitment from the lenders will give us the flexibility to carry on with some of the exciting plans being put together by the TMM Production Group.'' TMM is a multimedia company dedicated to bringing high quality video to multimedia presentations. SOURCE Total Multimedia, Inc. ------------------------------------------------------------------------

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next