CyberRadio.com, Inc. and inCHORUS.com Enter Phase Two of Negotiations.Business Editors and Entertainment/High-Tech Writers FOUNTAIN HILLS Fountain Hill may refer to:
CyberRadio.com, Inc.(TM) (www.CyberRadio.com) announced today that it has completed Phase One of its initial negotiations with inCHORUS.com, Santa Clara Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ICHC ICHC I Can Has Cheezeburger (website) ICHC Iosco County Housing Commission (Michigan) ) (www.inChorus.com). CyberRadio.com, Inc.(TM) is a privately owned Internet radio Listening to audio broadcasts via the Internet. There are more than 4,000 broadcasts available on the Internet that can be streamed and played by a software media player in the computer or in a stand-alone Internet radio with the software built in. company with over 15,500+ radio stations under its worldwide umbrella. The two companies have agreed to initiate Phase Two (due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. review) with anticipation that Phase Three negotiations will result in either an exclusive licensing agreement for CyberRadio's products and services or an acquisition of CyberRadio by inCHORUS.com. Phase One negotiations yielded excellent results clearly showing the symmetry of the two companies products. Initial surveys of market needs, product fit and industry acceptance were more than encouraging about the future of a company with the combined strength of each company's products and services. Aaron Porter, vice president of Product Development for CyberRadio.com, Inc.(TM) stated that "his review of inCHORUS's rich media e-mail solutions with its voice, animation, sound and graphics is an excellent product and will compliment CyberRadio's current products and its future product/services development strategy." CyberRadio's Internet Music Promotions, Inc.(TM) division with its copyright friendly artist recruitment program combined with its Internet Music Library, Inc.(TM) division could adopt and integrate inCHORUS's rich media e-mail solutions into its marketing and advertising program immediately. Ms. Sonya N. Williams, vice president of Special Marketing Projects for CyberRadio.com, Inc.(TM) summed up the results of the Phase One review of CyberRadio and inCHORUS's product compatibility with the following statement. "Given the successful completion of the Phase Two due diligence review and the signing of a Phase Three contract, I believe this years market expansion, product sales and increased income could produce record revenues and profits. I have strongly recommended to CyberRadio's owners and senior management that they adopt and complete plans for either an exclusive licensing agreement and/or company acquisition by inCHORUS." Both CyberRadio.com, Inc. and inCHORUS.com's management anticipate that Phase Two and Three will be completed in the next thirty days. Additional information will be made available to the public through news releases as authorized by both management teams. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. in this release are made pursuant to the "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. " provisions 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. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition for the company, new products and technological change, the company's dependence upon third-party suppliers, intellectual property rights and other risk detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission. |
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