$EXMT - NEWS$$ - AnyThing Technologies Media Inc.'
Post# of 596
[b]$EXMT - NEWS$$ - AnyThing Technologies Media Inc.'s Revenue sharing Partner AMI receives 1 Million in Funding from Utica LeaseCo, LLC[/b]
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., http://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, http://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.
This press release contains certain forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, which are intended to be covered by the safe
harbors created thereby. Investors are cautioned that all forward-looking
statements involve risks and uncertainties.
SOURCE: AnyThing Technologies Media Inc.
AnyThing Technologies Media Inc.
Richard Wilson, 650-222-2863
rick@anythingmediainc.com
Copyright Business Wire 2012
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