XRMD added @ .07 based on today's news and future price appreciation.
Clear Channel Communications Signs Up for XRAYMEDIA's Live Media
Marketplace, Adding Hottest 10 US Media Markets to XRAY Inventory
NEW YORK & VANCOUVER, British Columbia, Jan 14, 2002 (BUSINESS WIRE) --
XRAYMEDIA.COM INC., (OTCBB:XRMD) the leading Internet real-time negotiating
technology provider to the media industry is pleased to report that a
multi-billion dollar media corporation, Clear Channel Communications Inc.,
(NYSE:CCU) has registered to begin using company's Live Media Marketplace,
located at www.xraymedia.com.
XRAYMEDIA President & CEO Raymond C. Dabney stated, "This is a very encouraging
development for our firm. We are pleased to welcome aboard Clear Channel
Communications, a great example of how larger media companies can take advantage
of our technology." Clear Channel's status is that of an industry leader,
alongside major players such as AOL Time Warner and the Walt Disney Corporation.
The company is also currently ranked number one in the Radio media sector with
revenues over $3 billion, and number 24 in the television sector with sales
reaching $216 million. Added Mr. Dabney, "We will work closely with Clear
Channel to help streamline their offerings to buyers coming to the Live Media
Marketplace to do business."
XRAYMEDIA.COM Inc., Media Director Meir D. Kahtan, added, "A number of other
media companies have approached us. To catalyze transaction flow and handle an
increased volume of inquiries, we are cautiously moving to hire new staff." To
fill the vacancies, XRAYMEDIA will hire advertising executives with a proven
history of closing sales, who will oversee the current registrants and any newly
registered companies.
About Clear Channel Worldwide
Clear Channel Worldwide (Clear Channel Communications Inc.) (NYSE:CCU),
headquartered in San Antonio, Texas, is a global leader in the out-of-home
advertising industry with radio and television stations, outdoor displays, and
entertainment venues in 66 countries around the world. Including announced
transactions, Clear Channel operates approximately 1,225 radio and 37 television
stations in the United States and has equity interests in over 240 radio
stations internationally. Clear Channel also operates approximately 776,000
outdoor advertising displays, including billboards, street furniture and transit
panels around the world. Clear Channel Entertainment is a leading promoter,
producer and marketer of live entertainment events and owns leading athlete
management and marketing companies.
About XRAYMEDIA and its Live Media Marketplace v2.0
XRAYMEDIA's Live Media Marketplace offers buyers and sellers of media the
opportunity to negotiate and secure the optimum market price for any given
inventory. The system provides private, one-on-one and one-to-many negotiations
while dynamically loading and matching inventory changes and instantly updating
new opportunities, all without compromising the seller's proprietary pricing
information or identity if they so choose. All media trading activity takes
place on the user's own private 'Media Trading Floor,' which is comprised of the
user's own private media orders, media matches, viewing options, information
sources and private exchange. It provides the most powerful and cost effective
means for offering, tracking and negotiating media inventory for sale.
The company is building an online infrastructure that makes traditional
advertising and marketing work in the digital world. Combining media, data,
research and technological expertise, XRAYMEDIA allows marketers to negotiate
with the right person, at the right time, while helping all businesses maximize
their revenue, minimize their costs and build their business online by securely
providing media exposure and advertising opportunities privately or public,
online.
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, 888/777-0658
info@xraymedia.com
or
XRAYMEDIA.COM, INC./MKPR
Meir D. Kahtan, 212/699-6065
mkahtan@rcn.com |
