VRGD | Quote | Chart | News | PowerRating -- Veridigm, Inc. (PINKSHEETS: VRGD | Quote | Chart | News | PowerRating) today announced the Board has
initiated final preparations for Mobile Media Unlimited, Inc. to be
traded as a public company. Veridigm, Inc. (DE) will be name changed
to Mobile Media Unlimited Holdings, Inc. (DE) in due course.
The Veridigm Board of Directors and MMU Advisors welcomes incoming
Chairman, Chief Executive Officer Anthony Sasso effective Jan 01
2009.
Veridigm President Gary Freeman stated: "We have gone to
extraordinary lengths to ensure that the Veridigm entity is up to date
in all areas of previously unpaid taxation and that Veridigm is in
good standing. This arduous task was necessary for the caliber of MMU
clients who require qualifying 'means tests,' as well as long overdue
Veridigm housekeeping in preparation for Y/E 2008 consolidated
auditing and re filing for OTC BB listing status. Simultaneously,
MMU's investors garnered control of a 'to be named' secondary US
public company which will be utilized for alternative MMU financed
projects, proprietary database research and analysis tools, licensing
& branding of applications to 3rd parties, joint ventures & other
miscellaneous investments that do not immediately qualify as
MMU/Veridigm core competencies."
Manny J. Shulman, managing partner of Shulman and Associates LLC who
advises Mr. Sasso, MMU & Veridigm, commented: "We are now satisfied
that the criteria and qualifications of Veridigm are habitable for the
MMU deal. Veridigm has just effected common stock cancellations to
its treasury of 40,111,000 or 14.6% shares of common stock. We have
formally closed Veridigm's Regulation D 504 offering as of 12/31/08
and irrevocably cancelled all outstanding Reg D 504 exemption legal
opinions, Blue Sky exemptions and previously issued 504 shares are no
longer exempt from registration. The Company is reporting a not
inconsequential & wholly unexplainable differential between its free
trading common share count issued and outstanding as reported by CEDE
& Co/DTCC and its common share NOBO/OBO count as reported by S&P as
compared to its recent Transfer Agent ledger. We do not foresee an
immediate resolution of this suspicious differential and we believe
this differential may be responsible for VRGD's recent and extended
price and volume volatility."
Mr. Shulman continued: "The Company's equity capital remains
510,000,000 shares authorized. 72% of 100% of the controlling VRGD
super voting preferred shares are owned by MMU entities & Mr. Sasso.
These preferred shares have no conversion ability to common under
present restrictions. The remaining 8% of VRGD preferred shares are
now owned by two institutional clients who have no ability to convert
to common under present restrictions. For more information about
MMU's unique business platform please visit www.mmusms.com."
NOTICE: To existing "odd lot" minority shareholders of Veridigm, Inc.
common shares: pertaining only to shareholders owning less than a
"round lot." These shareholders may receive a purchase proxy
solicitation offer or similar solicitation in due course.
About Mobile Media Unlimited, Inc.
MMU is a leader in mobile marketing technologies. Utilizing
proprietary state-of-the-art marketing solutions and our unique
ability to reach millions of new consumers simultaneously. Our SMS
text messaging targeted E-mail delivery and specialized lead
generation systems are without global peer. With our extensive
international "OPT-IN" DATA inventory, MMU strives to stay ahead of
the curve, giving our clients a seamless delivery solution and the
highest quality of customer service. In addition we have successfully
beta tested and are launching BLUE-TOOTH broadcasting. MMU can
communicate with our target audiences via mobile phones, PDAs and
automobiles equipped with BLUE-TOOTH devices. This form of
advertising, as of yet, has not been fully exploited in the United
States. www.mmusms.com
About Veridigm, Inc.
Veridigm is an Anglo American investment company that provides
merchant banking services to niche private and specific microcap
public companies seeking debt and equity capital and/or to be part of
a diversified, equitable, resource sharing, business combination.
Specifically, the Company identifies specific private and public
companies and assists them with managerial, accounting and financial
advice and assists in refinance and / or raise adequate capital by
introducing potential investors and lenders. The Company's policy is
to calculate its voting capacity on a fully diluted basis. The
Company at all times will conduct its activities in such a way that
it will not be deemed an "investment company" subject to regulation
under the 1940 Act.
Forward-Looking Statement: The statements in the press release that
relate to the Company's expectations with regard to the future impact
on the Company's results from acquisitions or actions in development
are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The statements in this
document may also contain "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. When used in this press
release, the words "anticipate," "believe," "estimate," "may,"
"intend," "expect" and similar expressions identify such
forward-looking statements. Forward-looking statements are subject to
risks, uncertainties, and other factors that could cause actual
results to differ materially from those contained in such statements.
Such risks, uncertainties, and factors include, but are not limited
to, future capital needs, changes, and delays in product development
plans and schedules, or market acceptance.
Contact:
Veridigm, Inc.
Mobile Media Unlimited
Attn: Robert Seropian
3403 NW 9th Ave. Suite 801
Fort Lauderdale, FL 33309
866.323.0001 National
SOURCE: Mobile Media Unlimited
For full details on (VRGD) VRGD. (VRGD) has Short Term PowerRatings at TradingMarkets. Details on (VRGD) Short Term PowerRatings is available at This Link.
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