QuietTiger Secures $5 Million Equity Line; The Equity Line Will Help Assure Continuity of QuietTiger's Exclusive MediaMax Marketing Agreement with SunnComm International.PHOENIX -- QuietTiger Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :QTIG) announced today that it has secured a $5 million equity line of credit from Double U Master Fund L.P., an international investment fund. The funding can be drawn at any time during the 24-month period following the effectiveness of a registration statement and subject to certain conditions. The equity line allows for the sale by QuietTiger of up to $5 million worth of common stock at 93% of the then current market price, but in no event at less than $0.25 per share. "This equity line will ensure that QuietTiger has the resources to meet its ongoing financial commitments to SunnComm (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :SCMI SCMI Southern California Marine Institute (Terminal Island, CA) SCMI Supply Chain Management Institute SCMI South Carolina Military Institute ) relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the terms of the exclusive marketing agreement for the MediaMax CD copy management suite of products. Having access to this capital will allow us to fulfill our current obligations as we continue to increase the revenue streams for both companies and rollout the technology worldwide," remarked QuietTiger'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. , William H. Whitmore, Jr. "We continue to actualize our plan to augment the functionality of the MediaMax product with additional security technologies brought together through mergers and acquisitions in order to improve the products and maintain our position as the market leader in digital content security and enhancement for optical media. Access to capital resources for these transactions will expedite the negotiations and improve our position as we prepare for the future." "These incremental financial resources come at a time when the newest edition of MediaMax - version 5 - is being rolled out worldwide," commented SunnComm's CEO and president, Peter Jacobs Peter Jacobs (born February 27 1973) is a professional lacrosse player. Jacobs graduated from Johns Hopkins University in Baltimore, MD in 1995. In his senior year, he was team captain of the Blue Jays was named first-team All-American in 1995 and lead his team to the Final Four. . "The lightning-quick positive industry reaction to our latest copy management and enhancement technology is exciting and gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. . The QuietTiger funding assures SunnComm that its MediaMax technology will find its way to record companies and replicators throughout the world." SunnComm's MediaMax suite of products delivers security for digital CD audio along with an enhanced consumer experience that provides additional bonus content and value-added features available in a user-friendly multi-media session. MediaMax is mastered directly on the audio CD and accessible using a personal computer. Bonus features include on-board press kits, artist-related promotions, videos, song lyrics, artist bio page, photo gallery, web links and tune-sharing capability through SunnComm's MusicMail(TM) functionality. MusicMail or TuneShare is an interface for the legal authorized sharing of selected song tracks with friends & family for a pre-determined number of days or plays. CD buyers can share music legitimately without illegal file sharing Copying files from one computer to another. See peer-to-peer network, file sharing protocol and file and printer sharing. networks and without tying up their email system with huge files. This is a powerful word-of-mouth marketing tool for the record labels. Statistical reports associated with forwarded MusicMail files are available to SunnComm's record label customers, for marketing purposes, on a 24/7/365 basis. One out of every three music CDs purchased last year were pirated products, according to the IFPI IFPI International Federation of the Phonographic Industries IFPI International Federation of Pirates Interests IFPI Indiana Fiscal Policy Institute IFPI Intrinsic Fabry-Perot Interferometer IFPI Imaging Fabry-Perot Interferometer (http://www.ifpi.org/site-content/library/piracy2004.pdf). A huge number considering that there were well over 2.4 billion audio CDs sold worldwide in 2003 representing $32 billion in revenue. Meanwhile, recordable CDs outsold out·sold v. Past tense and past participle of outsell. prerecorded pre·re·cord tr.v. pre·re·cord·ed, pre·re·cord·ing, pre·re·cords To record (a television program, for example) at an earlier time for later presentation or use. Adj. 1. music CDs by more than 2 to 1. Huge song-swapping services, which trade in pirated music such as KaZaa, have reported as many as 218 million users. SunnComm and its record label customers believe that the use of MediaMax helps stem the casual and illegal copying of recorded CD music. ABOUT QUIETTIGER QuietTiger, Inc. (www.quiettiger.com) with its international reach, implements the delivery of digital content security products for the music and entertainment industry. With established long-term industry contacts throughout the world, QuietTiger understands the challenges surrounding digital content management and protection. Our team of professionals has spent more than 50 years in the music and movie industry. For additional information about the company, its vision, philosophy, partners, and customers, please visit the Company's Web site at www.quiettiger.com or contact: Company Contact: Investor contact: William H. Whitmore, Jr. Investor Communications Consulting 602-267-3800 602-231-0681 bill@quiettiger.com QTIG@investorcc.com ABOUT SUNNCOMM SunnComm International Inc. (OTC:SCMI) copy management and protection technology was first commercially released by Nashville's Music City records in 2001. The album, "Charley Pride - A Tribute to Jim Reeves," became the first commercial dual-session, copy-managed CD in America. SunnComm also became the first company to commercially release a content-protected audio CD utilizing an early version of the Windows Media Data Session Toolkit. (http://www.microsoft.com/presspass/press/2003/jan03/01-20SessionT oolkitPR.asp) (Due to the length of this URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. , it may be necessary to copy and paste To copy files from one location to another or to copy text and images from one document to another. All modern operating systems and applications have a copy and paste capability that is typically selected from an Edit menu. See cut and paste and Win Copy between windows. it into your Internet browser's URL address field. You may also need to remove an extra space in the URL if one exists.) In just four years, SunnComm has become the leader in digital content enhancement and security technology for audio compact disc media with its MediaMax suite of products. MediaMax has been successfully implemented on some of today's best selling music including Velvet Revolver, which reached the #1 spot on Billboard's Top 200 Album Chart in addition to other gold and platinum best-selling releases. MediaMax has been used by 25 record labels on more than 60 commercial releases generating over 6,000,000 copy managed CDs. SunnComm's MediaMax suite of digital content enhancement technologies are created by integrating the Company's own proprietary technology with the Microsoft (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade - News) Windows Media 9 Series media player, but still operates on both Apple (NASDAQ: AAPL AAPL Apple Computer, Inc. (stock symbol) AAPL American Association of Professional Landmen AAPL American Academy of Psychiatry and the Law AAPL Advance Audiovisual Presentation Limited AAPL Advocates for Arkansas Public Libraries - News) and Microsoft Windows-based systems. For more detailed information about the company, its vision or philosophy, personnel, partners, and customers, please visit the company's Web site at http://www.sunncomm.com, or call the Company directly at (602) 267-7500. For additional information or investor relations Investor relations The process by which the corporation communicates with its investors. please contact: Company contact: Investor contact: Peter H. Jacobs Investor Communications Consulting 602-267-7500 602-231-0681 peter@sunncomm.com SCMI@investorcc.com MediaMax Digital Content Cloaking Technology, DC2, PromoPlay, TuneShare, MusicMail, Secure-Burn and SunnComm are registered and/or trademarks of SunnComm International, Inc., in the United States and/or other countries. The names of actual companies and products mentioned herein may be the trademarks of their respective owners. NOTES ABOUT FORWARD-LOOKING STATEMENTS Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" 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. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements. |
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