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MMU Holdings Inc. President Mr. Gary Freeman commented, "The common stock price is undeniably the yardstick by which investors measure our undiluted performance. Our common stock is also one of the things that our business partners look at for a sense of our stability and our financial means. We understand that investors may be more enamored with entertaining stock speculation and volatility than a Company's emerging business. Therefore, we have resolved that whilst the Company remains non reporting and continues to raise significant private capital to fuel expansion, we will endeavor to report timely, accurate public DTC float count through regular publication of the Company's DTC position reports and we will endeavor to consistently update all public databases in the events of common stock dividends, purchase warrant exercises, option exercises or international rights offerings. MMU Holdings Inc. (f/k/a Veridigm) eventually resolved to pay slightly over 30,000,000 restricted shares of common stock for 100% of the MMU common shares and all of MMU's operations, assets and liabilities. Both companies are in the process of executing simultaneous reorganizations to close the transactions involved. Thereafter, the Company will have approximately 33,000,000 common shares issued and outstanding of which approximately 2,000,000 will be public float in a 'locked box' strategy."
Mr. Anthony Sasso, CEO of MMU, added, "Simply put, the market for our common stock appears to expand and contract without any dilutive issuances or cancellations actually occurring. We believe this is a market force that we can harness immediately for the benefit of all; in the meantime, the Company will remain in its 'Quiet Period' pending FINRA's and DTC's resolution and effectivity of our corporate actions."
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. 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. www.mmusms.com
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: Mobile Media Unlimited Holdings Inc. Taylor Capitol, Inc. Investor Relations: Stephen Taylor (973) 351-3868
SOURCE: Mobile Media Unlimited Holdings Inc.
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