MediaX Announces Stock
Split; Moves Ahead with
the Implementation of its
E-Commerce Business
Model & Sale of 'Big
Brother'
CULVER CITY, Calif., Nov. 19 /PRNewswire/ --
MediaX Corporation (OTC Bulletin Board:
MXMX - news) today announced that it has
implemented a 1/10 stock split, which will bring the
outstanding shares of the company to approximately
2.1 Million shares and will reduce the public float to
approximately 650,000 shares. The temporary
symbol is MXMXD.
The company has taken this action in concert with
the signing of several large agreements in the
Internet and e-commerce arena, which will be
announced separately during the next weeks and
months. This stock split has been approved by the
Board of Directors and a majority of the
shareholders and is deemed to be in the best interest
of the company's shareholders.
The reduced number of shares in the public float will
also allow bringing stock activity in sync with the
advanced business model of the company, which it
has been developing and implementing over the last
twelve months. The company will inform its
shareholders in detail on all these activities and will
follow up with frequent news bulletins on its new
business agreements and strategic alliances. The
company will also announce agreements with a new
investor relations and PR firm very soon.
The company is currently putting the finishing
touches on its action/adventure game: ''Big Brother''
based on George Orwell's novel ''1984'' and
exclusively licensed from the George Orwell estate
in London. While final approvals have already been
given by the Orwell estate, the company is currently
in the process of finalizing an agreement with one of
the most successful interactive agencies in the
country, to license this intellectual property to one of
the large publishers in the US for world wide
distribution. Based on early reviews published by
leading magazines, the interest is expected to be
very strong and the company expects to receive a
significant advance combined with continuing royalty
payments.
In its December issue Next Generation Magazine
wrote: ''The company's goal is nothing short of
redefining the traditional adventure
game...Graphically the game should be very
impressive...notably the textures are very, very high
resolution...The art direction is equally good...Based
on early looks, 'Big Brother' has a better chance to
help the flailing genre than anything else we've seen
in years.''
The company is also in the final stages of bringing its
central e-commerce site on-line and has entered into
several strategic alliances for the marketing and
promotion of that site. The site is expected to be
on-line in time for the X-Mas business and is
expected to produce some revenues immediately
and significant revenues starting in the 1st quarter of
1999.
Founded in 1996, MediaX Corporation is an
award-winning developer and publisher of
multimedia entertainment software and real time 3D
games. The company also produces and publishes
new media entertainment content for entertainment
companies and is an e-commerce provider, offering
more than 260,000 entertainment titles on-line at
www.mediax.com. Please visit the official Rod
Stewart web site www.rodstewartlive.com and
MediaX's site for Big Brother
www.big-brother.com. Headquartered in Culver
City, California, MediaX owns and operates a
digital production facility in Santa Cruz, California.
Additional general information is available on the
World Wide Web at www.mediax.com.
SOURCE: MediaX Corporation
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