Liquid Air Lab to Sell BoomBox Radio(R) and Video Internet Advertising for Modavox.Company to Leverage Liquid Air Lab Domestic and International Sales Force to Begin Selling Modavox Advertising Real Estate on VoiceAmerica[TM] Networks Beginning April 8, 2007 PHOENIX & SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif. & STUTTGART, Germany & BERLIN -- Modavox, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MDVX), Internet broadcasting Internet Broadcasting (formerly Internet Broadcasting Systems), or IBS, is a provider of television station web sites. IBS hosts over 70 local stations' sites, and co-produced NBCOlympics. pioneer in producing and syndicating online audio and video, announced today that Liquid Air Lab, the creators of Spodtronic.com, www.spodtronic.com and recent recipients of 10 million dollars of series B venture capital, will be providing advertising sales personnel to sell internet advertising Delivering ads to Internet users via Web sites, e-mail, ad-supported software and Internet-enabled cellphones. Also called an "ad network," Internet advertising organizations act as a middleman between the advertiser and the Web sites and software publishers that display the ads. on behalf of Modavox direct to advertisers. Richard Keppler, Modavox Business Development and Advertising Director stated, "Patented "BoomBox Radio[TM] software provides a platform for delivering dynamic geographically targeted advertising at VoiceAmerica.com and through our new World Talk Radio platform coming later this quarter. Although we will continue to utilize third party national advertisers like Google Adsense, Tacoda, and Burst, we are now pro-actively focused on selling direct to advertisers to maximize yields and margins; our agreement with Liquid Air Lab achieves this for Modavox." David Ide, Modavox CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. commented, "This is a true win-win partnership allowing us to expand our own sales reach through leveraging the use of Liquid Air Labs professional outside sales force at no additional cost to us. The nature of this equal profit sharing profit sharing, arrangement by which employees receive, in addition to their wages, a share of the net profits of a business. The purpose is to give them an incentive to increase their output through enhanced morale, less wasteful use of materials, better care of partnership keeps all of our goals completely aligned as we collectively seek to increase our advertising revenues and profits." Beginning April 8, 2007, Liquid Air Lab will begin to sell Modavox advertising real estate direct to advertisers from its' San Mateo, California San Mateo is a city in San Mateo County, California, in the San Francisco Bay Area. It is one of the larger suburbs on the San Francisco Peninsula, located between Burlingame to the north, Foster City to the East, and Belmont to the south. and Stuttgart, Germany offices. About Liquid Air Lab[TM] Liquid Air Lab was founded in 2002 by Mikko Linnamaki and Tero Katajainen, both originating from Finland. CEO, Mikko Linnamaki, is a serial entrepreneur Serial entrepreneur Business person that successfully starts (does not kill) a number of different businesses. in the Web arena, most recently founding Buchungsmaschine AG, a real-time travel booking engine, which was acquired by Travel24.com in 2000. Prior to that, Mikko founded HexMac Software Systems AG in 1993, which was one of the first Internet software companies in Europe. The company has offices in Stuttgart, Berlin and San Mateo, CA. In October of 2006 Benchmark Capital Europe and Baytech Venture Capital injected $10 million Series B funding into Liquid Air Lab. About Modavox Modavox, Inc. (www.modavox.com), a pioneer in internet broadcasting, producing and syndicating online audio and video, offers innovative, effective and comprehensive online tools for reaching targeted niche communities worldwide. Through patented Modavox technology, Modavox delivers content straight to desktops and internet-enabled devices. Modavox provides managed access for live and on-demand Internet Radio Broadcasting, E-learning and Rich Media Advertising. Forward-Looking Statements This release contains "forward-looking statements" for purposes of the Securities and Exchange Commission's "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 under 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 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause Modavox's actual results to differ materially from those currently anticipated, including the risk factors identified in Modavox's filings with the Securities and Exchange Commission. |
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