TNX Television Installs Television System on London Routes of Leading Train Operators; Entrance Into Lucrative London Market Expected to Increase Advertising Sales.PHILADELPHIA & LONDON -- TNX (chat) TNX - Thanks. Also "TNX 1.0E6" or "TNXE6" - thanks a million. Television Holdings, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :TNXT; "TNX") announced today that its UK subsidiary TNCI TNCI Trans National Communications International (Boston, MA) UK, Ltd ("TNX UK") had begun installation of its TNX Television Network on Southern System, a leading London commuter train operator. TNX UK also plans to begin installation of its Network on C2C (Client to Client) An earlier term for peer-to-peer (P2P), in which one user communicates with another user without going through a server in between. See peer-to-peer. this week. The two train operators are expected to give the Company a key presence in the London market, which provides the visibility necessary to attract leading advertisers. Currently, the Company's Network has been operating on routes in the Birmingham area, the second largest city in the U.K. The London market is considered to be the most attractive UK market for advertisers due to its size and attractive demographics. "During the past six months, we have been preparing to make our Network available to the London market," said Irwin Gross, Chairman and 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. of TNX. "We have demonstrated to the satisfaction of train operators that we can install our Network throughout their operations and provide quality premium content that has enhanced the experience of their passengers. Now, we are excited that we have begun installation of our Network on trains carrying commuters into London. This lucrative market will allow us to attract leading advertisers seeking to reach millions of commuters on two key train operators. We will continue to aggressively install our Network on other train operators providing service to London, in order to provide advertisers with a compelling value proposition." The TNX system delivers high quality news and information supplied by Independent Television News Limited of London (ITN ITN n abbr (Brit) (= Independent Television News) → chaîne de télévision commerciale ITN (Brit) n abbr (TV) (= Independent Television News) → ) and general interest items such as weather and sports, to make the daily commute TO COMMUTE. To substitute one punishment in the place of another. For example, if a man be sentenced to be hung, the executive may, in some states, commute his punishment to that of imprisonment. more enjoyable and informative. The system also provides enhanced passenger information and has the potential to provide closed circuit television for improved security. About TNX Television Holdings, Inc. TNX is dedicated to providing high quality, information and entertainment content, which will include near real time news, sports, weather, travel and general interest supplied by leading content providers and edited to play on the Company's unique network. An average of five to six screens and distributed audio are installed in each vehicle for passengers to view and hear the system. TNX will show a variety of short programming that will be updated regularly and frequently through the company's proprietary wireless network. A "television free zone" will be provided in each carriage for passengers who do not wish to hear the system. With this new contract, TNX now has contracts covering 40% of the UK commuter train market and about 45% of the important London market. The TNX system is funded through advertising and sponsorship, ensuring no additional costs to passengers or train operators. 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. Statement Certain statements made herein that are not historical are forward-looking within the meaning of 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 may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , with words such as "anticipate," "believe," "expect," "future," "may," "will," "should," "plan," "projected," "intend," and similar expressions to identify forward-looking statements. These statements are based on the Company's beliefs and the assumptions it made using information currently available to it. Because these statements reflect the Company's current views concerning future events, these statements involve risks, uncertainties and assumptions. The actual results could differ materially from the results discussed in the forward-looking statements. In any event, undue reliance should not be placed on any forward-looking statements, which apply only as of the date of this press release. Accordingly, reference should be made to the Company's periodic filings with the Securities and Exchange Commission. |
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