(PR NEWSWIRE) DJ: Media Entertainment Becomes Internet Media Corporation
DJ: Media Entertainment Becomes Internet Media Corporation
BATON ROUGE, La., July 8 /PRNewswire/ -- Media Entertainment, Inc.
(OTC-Bulletin Board: MEME) announced today that it has changed its name to
INTERNET MEDIA CORPORATION (IMCOR). The name change was made in conjunction
with IMCOR's decision to focus on proprietary Wireless Internet System.
IMCOR's wireless system operates within a broadcast signal in the 900 or
2400 MHZ band using two-way modems (internal or external) outfitted with an
antenna. As such, MEI's system has no reliance on hard wire to transfer
data, making the local telephone company no longer necessary for Internet
access. "Our new name more clearly identifies our line of business, and
we've been quite pleased with the reaction to the new name," said David
Loflin, IMCOR's President.
The name change also reflects IMCOR's decision to delay indefinitely the
development of its wireless cable business, due to that industry's current
downturn. Mr. Loflin indicated that IMCOR would maintain its wireless cable
channels in expectation of a time soon after the turn of the century when
IMCOR believes the FCC will either de-regulate entirely, or permit two-way
communications on, wireless cable spectra. He added that these wireless
cable channels should be valuable at that time, because IMCOR's Wireless
Internet System can be operated on the wireless cable channels.
/CONTACT: Jim Kaufman of H+N Partners, 805-493-9273, for Internet Media
Corporation/
06:00 EDT
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