XRAYMEDIA Signs LOI For $250,000,000.00 In Cash Revenues and for the Purchase of a Media Distribution Firm Capable of Reaching Millions of People for Any Product or Service.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- XRAYMEDIA, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :XRYM), the media industry's leader in real-time negotiating technology, is proud to announce that it has recently signed a Letter of Intent outlining plans underway to complete two breakthrough deals. In the first agreement XRAYMEDIA has agreed to a new revenue sharing revenue sharing Funding arrangement in which one government unit grants a portion of its tax income to another government unit. For example, provinces or states may share revenue with local governments, or national governments may share revenue with provinces or states. agreement, designed to generate cash revenues for XRAYMEDIA in excess of $250 million. Being a well known industry leader, the Company's newest revenue sharing partner has a solid reputation for providing outstanding cash purchase opportunities for media available in virtually every genre, including: Broadcast Television, Radio, Print, Online and Out-of-Home. With $100's of million's in media sales revenues under their belt, XRAYMEDIA's newest partner should have no problem reaching its goal of generating over $250,000,000.00 in cash revenues for XRAYMEDIA. This agreement, in essence, is designed to put XRAYMEDIA in a position to begin procedures for listing on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. . XRAYMEDIA's second agreement is to purchase the outstanding shares of an expansive media distribution firm. This company disseminates news articles and public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most communications via major national outlets, in virtually any category, to notable media such as: USA Today USA Today National U.S. daily general-interest newspaper, the first of its kind. Launched in 1982 by Allen Neuharth, head of the Gannett newspaper chain, it reached a circulation of one million within a year and surpassed two million in the 1990s. , The New York Times, and The Los Angeles Times Los Angeles Times Morning daily newspaper. Established in 1881, it was purchased and incorporated in 1884 by Harrison Gray Otis (1837–1917) under The Times-Mirror Co. (the hyphen was later dropped from the name). , as well as recognized financial authorities like Reuters, Bloomberg, and The Wall Street Journal. XRAYMEDIA has now secured access to virtually millions of media outlets across the nation, including newspapers, magazines, radio and television stations, and of course, websites. This purchase creates a National Distribution Department for XRAYMEDIA. The Company will now be able to maximize its client exposure and media distribution with a powerful in-house circulation system, instantly sending millions of messages throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Internationally. This purchase effectively adds circulation reach to the Company's already diverse selection media services; further enabling the Company to increase revenues through news and public relations distribution services across the country. XRAYMEDIA President & 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. , Raymond C. Dabney states, "As a media technology provider, our business model is designed to automate and simplify traditional media transaction processes. Our live negotiating technology is attracting a good deal of attention in the media industry and we are constantly negotiating with these new groups to generate cash revenues through our systems in each sector of this massive industry. Now that we have split the platforms for live media trading, it is much simpler for our clients, and revenue partners, to focus on their specific media specialties or media exposure requirements. Through the LMM LMM light meromysin; produced by a digestion of myosin. v5.0 and XRBarter Systems we allow advertisers, agencies and media providers to negotiate with each other, in real-time, for the best advertising opportunities in a secure, 128-bit encrypted environment." Mr. Dabney concludes with, "This is only the beginning, and we are starting the full court press. Instant reach to millions of end consumers is the main objective; that's what essentially brands and sells products and services. We now have the in-house ability to promote our clients' products and services, by immediately sending their messages to an insurmountable number of viewers via traditional media outlets through paid advertising, and nationwide news worthy exposure. Our technology, coupled with our media distribution center acquisition, allows us to leverage and increase the value of media, while offering a powerful and essential service to millions of businesses across North America and Internationally." You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will", "anticipates", "believes", "plans", "goal", "expects", "future", "intends" and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about XRAYMEDIA INC., please refer to its Form 10-ksb filed with the Securities and Exchange Commission and available on the SEC website at www.sec.gov. |
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