Broadband Media Company Amaru, Inc. Announces over $9 Million in Funding Raised since Q4 2004; Company Drives Expansion Under M2B Brand; New Offices Expected in Canada and UK.HOLLYWOOD, Calif. & SINGAPORE -- US-based Amaru, Inc., a Nevada corporation A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada. Nevada, like the state of Delaware (See Delaware corporation), is well known as a corporate haven. (Pink Sheets:AMRU), announced that since October 2004 it has raised $9,424,000USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. in equity through the sale of its common stock to private accredited investors only. Amaru, Inc. raised $2,020,000 in Q4 2004 and $7,404,000 during the period from February 2005 to June 2005. The Company believes that it was able to quickly raise the funds in private placement as a result of increased investor confidence, as the Company and its subsidiaries under the M2B M2B MathML to Braille (computer application) brand continue to make significant inroads inroads Noun, pl make inroads into to start affecting or reducing: my gambling has made great inroads into my savings inroads npl to make inroads into [+ into both the Asian and American consumer markets by securing strategic partnerships in the areas of content aggregation, product distribution and key marketing alliances. The Company sold a total of 700,000 shares of its common stock in Q4 2004 and 2,468,000 shares in 2005 between February and June. The proceeds from the private placements are intended to be used towards the continued expansion of the Company under its M2B brand, amongst other uses. Amaru, Inc., a Nevada corporation, is the parent company for several wholly-owned subsidiaries including: M2B World, Inc., a California corporation based in Hollywood, CA which was developed with a focus on the US market; M2B World Pte Ltd PTE LTD Private Limited , which serves the Asian markets and operates out of offices in Singapore and Shanghai, China; and M2B Australia Pty Ltd PTY LTD Propriety Limited (company structure in Australia) . In addition, Amaru, Inc. owns M2B Commerce Limited, which specializes in e-commerce and e-trading; M2B World Travel Limited, which offers e-travel services; M2B Game World Pte Ltd, which is rapidly securing gaming content and distribution deals worldwide; and Amaru Holdings, which handles content syndication and distribution. Amaru, Inc. expects to launch M2B offices in both Canada and the United Kingdom by the end of 2005. Amaru, Inc., through its subsidiaries under the M2B brand, specializes in expanding broadband entertainment by creating opportunities for consumers to create their own comprehensive personalized media experiences, thereby meeting the demands of today's consumers who are increasingly seeking entertainment choices that are available upon demand. About Amaru, Inc. Amaru, Inc., a Nevada corporation, through its subsidiaries under the M2B brand, is a leader in the Broadband Media business, and a major provider of interactive video-on-demand streaming and e-commerce over Broadband channels, Internet portals, and 3G devices. To date, the Company has launched multiple Broadband TV Broadband TV involves accessing multimedia content via an unmanaged broadband connection and viewing it on a PC or sometimes a normal TV. Broadband TV differs from IPTV as the network bandwidth is unmanaged and the system is inherently open. websites for Hollywood entertainment, education and online shopping, with over 100 channels designed to cater to various consumer segments and lifestyles. Its content covers diverse genres such as movies, dramas, comedies, documentaries, music, fashion, lifestyle, edutainment Educational material that is also entertaining. (application) edutainment - Interactive education and entertainment services or software, usually supplied commercially via a cable network or on CD-ROM. and more. The Company has established its edge in access to an expansive range of content libraries for aggregation, distribution and syndication on Broadband and other media. M2B is the leading brand of Amaru, Inc., and its wide range of broadband streaming channels and offerings are available at www.M2BWorld.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Act The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical ge·o·pol·i·tics n. (used with a sing. verb) 1. The study of the relationship among politics and geography, demography, and economics, especially with respect to the foreign policy of a nation. 2. a. unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control. For full statement, please refer to www.M2BWorld.com. |
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