Proxity Digital Networks, Inc. Explores Providing Intra-net Support to Media Fusion, Inc.Business Editors NEW ORLEANS New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded & DALLAS--(BUSINESS WIRE)--Sept. 3, 2002 A letter of intent to merge Proxity Digital Networks Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Pinksheets:PDNW) with Media Fusion, Inc. has expired without the merger taking place. However, the companies plan to maintain a relationship that allows them to focus on their core technologies and to work together when opportunities arise. PDNW and Media Fusion remain in high-level negotiations for PDNW to provide Media Fusion with resources including intra-net support to gain a stake in the growing new power measurement and power line communications markets, which have seen dramatic increases in commercial interest in recent months. In particular, Media Fusion's Electro-resistance Magnetic Resonance magnetic resonance, in physics and chemistry, phenomenon produced by simultaneously applying a steady magnetic field and electromagnetic radiation (usually radio waves) to a sample of atoms and then adjusting the frequency of the radiation and the strength of the Conversion(TM) power line communications technology and Power Measurement Informatics(TM) technology are gaining commercial and investor interest. Media Fusion continues to focus on bringing new technologies into the marketplace in the power line communications and power measurement markets. Media Fusion recognizes that it will need extensive support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services , including intra-net services, and is discussing which of those services PDNW may provide. PDNW management which feels that Media Fusion's power measurement and powerline communications technologies have great potential for the 21st century, is re-examining its web-based business, and plans to redirect its fixed assets in the world wide web to achieve gains in higher value intra-net services. It plans to redeploy re·de·ploy tr.v. re·de·ployed, re·de·ploy·ing, re·de·ploys 1. To move (military forces) from one combat zone to another. 2. many of the same assets to add services and products that are specifically tailored to emerging markets, including those in power measurement and power line communications. PDNW's 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. Billy Robinson said, "It is clear to me that Media Fusion's power measurement and PLC technologies and projects will create markets of extreme interest to PDNW. We are pleased to continue working with Media Fusion in their PMI See Private Mortgage Insurance. (TM) roll-out to commercial power producers and consumers with our concentration being on providing secure, and reliable intra-net services to Media Fusion's customers." About Media Fusion, Inc. Media Fusion, Inc. is a Dallas, Texas based advance technology company, developing leading edge power measurement and powerline communications applications, systems and tools for commercial power producers, distributors and consumers. (www.mediafusioninc.info) About Proxity Digital Networks, Inc. Proxity Digital Networks, Inc., (OTC Pinksheets: PDNW) is a New Orleans based integrated entertainment and technology company, with offices in Costa Mesa, CA and Dallas, TX. PDNW's, (http://www.proxity.com) three divisions specialize in ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. , web hosting, online games, site development and end-to-end online solutions for the small-to-midsize e-business market, (www.linksimple.com), (www.triviaspot.com), Government contract fulfillment, high speed internet access and sales, (www.csa-solutions.com). Statement 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 : With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to, product acceptance, economic, competitive, governmental, results of 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. , technological and/or other factors which are outside the control of the company. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion