DeMatco, Inc. Announces Operational Update.ENCINO, Calif. -- Second graph, first sentence of release should read: one billion eight hundred million dollars in the first year, commencing... (sted: one billion eight hundred thousand dollars commencing...). Second graph, third sentence should read: thirty-six million dollars in the first year of this contract (sted: thirty-six million over the life of this contract). Email address See Internet address. in the contact information should read: dematcoir@yahoo.com (sted: dematcocir@yahoo.com). The corrected release reads: DEMATCO, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . ANNOUNCES OPERATIONAL UPDATE DeMatco, Inc., formerly Advanced Media Training Inc., ("the Company") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DMAT DMAT Disaster Medical Assistance Team DMAT distal myopathy with anterior tibial onset ) is pleased to announce that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. DeMatco Limited has solidified its relationship with Admiral Asset Group Inc. ("AAG AAG Association of American Geographers (Washington, DC) AAG Assistant Attorney General AAG Asociación Argentina de Golf AAG Anti-Aircraft Gun AAG Assistant Adjutant General AAG Australian Association of Gerontology ") and has entered into a revised and extended Agreement with AAG for the conversion into electronic form of beneficial trusts owning Senior Life Settlement Policies ("Policies") to be traded on an electronic exchange. The Agreement now calls for an initial period of five years and will comprise a minimum total face value of Policies amounting to one billion eight hundred million dollars in the first year, commencing with the previously announced first group, comprising ten separate units, of American General ("AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group ") Policies, having a total face value of eighty-four million dollars. The Company expects to earn significant fees under the Agreement. Management anticipates that the revenues generated through the fulfillment of the first stage of the Admiral contract will result in the Company's achieving its first profitable fiscal year ending May 31, 2007, and the Company expects to earn total revenues of thirty-six million dollars in the first year of this contract. DeMatco Limited has entered into arrangements with an FSA FSA Financial Services Authority FSA Food Standards Agency (UK) FSA Farm Service Agency (USDA) FSA Financial Services Agency (Japan) Regulated Company in the UK for the marketing of the Policies to institutional buyers in Europe and anticipates entering into similar agreements for distribution in other jurisdictions. Commenting on the Agreement, Robert Stevens, Chairman of DeMatco, said, "We are absolutely delighted at these developments, and that we are able to work with AAG on a significantly greater volume of product than we had initially expected. The professionalism of AAG has given us great confidence for the future of our relationship, and for the future prosperity of the Company." DeMatco Limited has operations in the UK and Switzerland. It is engaged in dematerializing or converting financial instruments from paper form to electronic form so as to enable such instruments to be traded electronically on exchanges or exchange platforms on a peer to peer basis. This news release contains forward-looking statements within the meaning of the Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the failure to meet schedule, or performance requirements of the Company's contracts, the Company's liquidity position, the Company's ability to obtain new contracts, and the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties the forward-looking events referred to in this release might not occur. |
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