$EXMT .037 News out AnyThing Technologies Media Inc.'s Revenue sharing Partner AMI receives 1 Million in Funding from Utica LeaseCo, LLC
FREMONT, Calif., May 21, 2012 (BUSINESS WIRE) -- AnyThing Technologies Media Inc. (EXMT.PK) announced today that its revenue sharing partner AMI has received 1 million in funding from Utica LeaseCo, LLC in the form of a secured loan against equipment owned by AMI. The funds were used by AMI to purchase GPI, which in return sold its subsidiary GPI to AnyThing Technologies Media Inc.
This funding was imperative to help strengthen ATM's acquisition of Global Publishing Inc and has enabled Global Publishing Inc to retain and expand its sales and marketing team to capture a greater share of the market in the CD and DVD manufacturing industry.
Richard Wilson, President of ATM stated, "This funding was also imperative as GPI was able to consolidate and reduce its debt so that going forward the company will be more profitable to ATM." "We are also grateful that none of the funding was through dilution, or purchase of stock, but was backed by assets of AMI."
The company expects to give an estimate of revenue's next month as most of the new equipment purchased by GPI has been delivered to its warehouse and is in the process of being installed. These additional CD and DVD replication lines will add to our ability to process and manufacture a greater numbers of discs per month as we continue to grow sales for ATM.
ABOUT ANYTHING TECHNOLOGIES MEDIA INC.
AnyThing Technologies Media Inc., www.anythingtechnologiesmedia.com is a Multi-Media Digital applications, production and marketing Company. ATM is the parent company of subsidiary Corporations, each with their own professional management team with extensive backgrounds in finance, manufacturing, marketing and distribution.
ABOUT ANYTHING MEDIA INC.
AnyThing Media Inc, www.anythingmediainc.com is a "One Stop Shop" for content owners that want to distribute CD/DVD/USB or Blu-Ray Media to their customers. Specializing in CD and DVD duplication, AnyThing Media's logistics Supply Chain Management center has complete fulfillment, mailing, printing, e-commerce, and website design solutions. Our customers range from smaller specialty content owners to some of the largest content providers in the country.
ABOUT GLOBAL PUBLISHING INC
Global Publishing Inc, (GPI) is a fully licensed CD, DVD Replication Company located in Fremont California and is ISO 9001; 2008 certified. GPI has approximately 50,000 square feet of facility space with fully functional DVD, CD and Flex Disc automated replication lines. GPI also specializes in packaging and fulfilling orders for its customers. GPI is a wholly owned subsidiary of ATM.
