Purchase Point Media Corp. Secures Financing Contract.VANCOUVER, British Columbia -- Purchase Point Media Corp. (PPMC PPMC Physician Practice Management Companies PPMC Processor PCI Mezzanine Card PPMC Pearson Product Moment Correlation (Coefficient) PPMC Precambrian, Paleozoic, Mesozoic, Cenozoic (geological time scale) ), (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PPMC) In August of this year PPMC contracted with Charterhouse Capital Markets Inc., to assist PPMC in securing financing to conduct a nationwide roll out program, of The Last Word(TM). On November 4, 2004, Charterhouse Capital Markets Inc. (CCMI CCMI Center for Communications Management Information CCMI Capital Consulting and Management, Inc. CCMI Corporate Content Management Infrastructure ) entered into a Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. (MOU (Minutes Of Usage) A metric used to compute billing and/or statistics for telephone calls or other network use. ) with Atlas E.D.C. under which CCMI and Atlas E.D.C. will issue a $100,000,000 Variable Rate Demand Note (VRDN VRDN Variable Rate Demand Note (financial instrument) VRDN Visio Registered Developer Network ). Under the terms of the MOU, Atlas E.D.C. will advance $5,000,000 into Escrow which are the fees required to rate, issue and place the $100,000,000 VRDN Offering. Through the use of the proceeds from the Variable Rate Demand Notes, CCMI will generate and fund on a scheduled basis, up to $25,000,000 for the national rollout of PPMC's patented "The Last Word(TM)" advertising display device. The balance of $75,000,000 in generated funds will be directed to Atlas E.D.C for a low-income housing project in the State of Illinois. The last word(TM) is a clear plastic, weatherproof, highly durable, state of the art, point-of-purchase ("POP") display device that encloses a glossy color photo insert containing ten, 3 inch by 3 inch POP ads. The panel is 1/4 inch thick, 7 inches high and 16 inches wide. The last word(TM) attaches to the back of the child's seat section in grocery carts, so that it is directly in front of the shopper's eyes. Each of the three inch POP advertisement squares, are equal in size to a 21 inch TV 10 feet away. Additional information can be viewed by going to www.ppmc.us. Statements in this NEWS UPDATE other than historical facts are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E, of the Securities Exchange Act of 1934, and as that term is defined in 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. The Company intents that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results. |
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