Media Power Addresses Events Surrounding News of IT Factory’s Insolvency
provider of proprietary mobile phone software, connecting advertisers directly
to consumers via ARL technology, wishes to address events surrounding
yesterday’s news report of IT Factory’s filing for insolvency protection under
Danish law as well as claims regarding its CEO,
Media Power USA, Inc.’s association with IT Factory is through the
operation of its wholly owned subsidiary, eCommerce LLC (“eCommerce”).
are surprised and disappointed to learn that IT Factory has ceased operations,
as they were a ‘value added’ partner. We have already been in touch with the
appointed liquidator to inquire about the situation. One of our primary
objectives in dealing with the liquidators will be to assess the opportunity
to purchase select assets and/or other intellectual property of IT Factory.
The working relationship we had with IT Factory represents an extremely viable
business model that we would like to continue aggressively pursuing.” In
closing, Mr. Jenkins went on to state, “Most importantly, we want to ensure
clients that we will continue to support the reselling of the IBM product
suites through our eCommerce subsidiary.”
Media Power USA, Inc. also wishes to address news reports from
allegedly connecting Media Power USA, Inc. founders with IT Factory and its
CEO. These reports are categorically unfounded and false. All Media Power
USA, Inc. dealings with IT Factory and IBM were conducted under the direct
control of Media Power USA, Inc.’s CEO,
confirm that Mr.
About Media Power USA, Inc.
Media Power USA, Inc. is a software company that develops mobile
technology applications. As consumer needs and preferences continue to change,
Media Power USA, Inc.’s mobile technology applications will provide the
essential direct contact between marketers and customers, on a real time
basis. Media Power USA, Inc.’s technology provides a portal to make every
camera-equipped mobile phone an invaluable medium for advertisers and
marketers. Outside of its subscription-based offerings, Media Power USA, Inc.
plans to further diversify its efforts to participate in other mobile revenue
channel opportunities, including transaction based activity, gaming and
advertising.
Notice Regarding Forward Looking Statements.
This press release includes certain “Forward-Looking Statements” within
the meaning of section 21E of the Securities Exchange Act of 1934, as amended.
There can be no assurance that such statements will prove to be accurate and
actual results could differ materially. Factors that could cause results to
differ materially include, but are not limited to, those factors disclosed
under the heading “Risk Factors” in our documents filed with the Securities
and Exchange Commission. The contents of this press release are presented as a
general overview and do not purport to provide complete disclosure or analysis
of all matters which may be relevant to an investment decision. Although the
information is believed current, the information may be subject to change and
the company does not expect, and assumes no obligation, to update or otherwise
revise the information.
SOURCE Media Power USA, Inc.