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XRAYMEDIA.COM,
Inc., (OTCBB: XRMD) |
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Dear Readers,
Our devotion to you knows no bounds. While in New York
City researching a bright new entertainment company, we received
a phone call from XRAYMEDIA.COM, Inc. CEO, Ray Dabney informing
us that his company had announced $15 million worth of contracts.
And while this information had been released on the internet,
just as we had missed it on our travels, we wanted to make sure
none of our readers were deprived of such substantial news.
As you may know, XRAYMEDIA.COM, Inc. has been one of our best
performing features over the last 90 days and should be a hot
topic for us in the future. We have excerpted both of these
important releases for your review.
For our full introductory profile on XRMD (December 3, 2003)
click
here
For news and stock quote click
here
For XRMD SEC filings click
here
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Breaking
News |
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Press Release
Source: XRAYMEDIA.COM, Inc.
XRAYMEDIA Signs Another
Major Revenue Producing Agreement
NEW YORK & VANCOUVER, British
Columbia--(BUSINESS WIRE)--June 10,2003--
XRAYMEDIA.COM Inc., (OTCBB:XRMD
- News), the leading real-time negotiating technology provider
to the media industry, is pleased to announce the Company has
signed its next contract for media transactions with a total sales
value of $10 million.
Commenting on these developments,
Raymond C. Dabney, CEO and President states, "As we stated previously,
our focus has now shifted from the initial phase of our three-step
marketing program to revenue producing agreements, where the Company
is able to utilize its media inventory and trade module compilation.
With our inventory at such a high level, we are now able to contract
sales at a significantly higher level. This $10 million contract
is the second agreement in less than a week and brings the total
to $15 million. We are very excited with the tremendous success
of our programs. We have now begun to establish a strong foothold
in the media industry as a premier portal for media sales. I am
also pleased with the current negotiations on several additional
agreements. We anticipate more contracts to be signed in the coming
weeks. With the momentum that we've been able to gain, we have
seen a tremendous interest from other media firms for joint venture
opportunities. We expect not only additional sales agreements,
but also other private label joint ventures. As we build our sales
with our current joint venture partners, we continue to make significant
progress developing the Live Media Marketplace. This is an incredible
time for our Company as we continue to focus on building our revenue
base. I look forward to sharing additional joint ventures and
other transactions. With this contract, we feel XRAYMEDIA is now
able to gain significant profitability. Our goal is to continue
to build our earnings at an accelerated pace."
To read this news release in its entirety click
here
Press Release
Source: XRAYMEDIA.COM, INC.
XRAYMEDIA Signs First
Set of Multi-Million Dollar Transactions
NEW YORK & VANCOUVER, British
Columbia--(BUSINESS WIRE)--June 5, 2003--XRAYMEDIA.COM Inc., (OTCBB:XRMD
- News), the leading real-time negotiating technology provider
to the media industry, is pleased to announce the Company has
now positioned itself to begin transactions with its recently
announced agreement with a group of media wholesalers.
Commenting on these developments,
Raymond C. Dabney, CEO and President states, "Since the Company
announced its most recent joint venture agreement, our goal is
to focus on our three-step marketing program to launch a worldwide
incentive program for media buyers. The initial phase of the plan
is loading inventory into the live media-trading platform from
our partners. Now that we have sufficient inventory in the Live
Media Marketplace v3.0 the first phase of this operation is complete.
We have concurrently signed our first set of multi-million dollar
transaction agreements with one of our partners; we are now shifting
to the next level of transacting order flow. These transactions
are in the system now and will create a revenue stream and momentum
for transactional business in the Live Media Marketplace v3.0.
The Company is currently negotiating other multi-million dollar
transactions and expects to sign them in the near term. With these
agreements in place it bring the total projected revenue from
just our partners to several million dollars. These agreements
will adequately create enough cash flow to project a profitable
quarter. The second phase of the plan is to finalize the incentive
programs to provide buyers with certain promotional advantages
for using the Live Media Marketplace and the final phase is announcing
the official launch date. Once we launch the initial buyers incentive
program it should compound the revenue provided by our corporate
trade partners, media partners and private label partners, thus
helping us move the company to the next level. We are looking
forward to announcing more news as this momentum continues."
To read this news release in its entirety click
here
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