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CORDIS Unit, the Office of the European Community, Research and Development Information Service, Grants License to XRAYMEDIA

Posted on: Thursday, 8 September 2005, 06:00 CDT

XRAYMEDIA, Inc., (OTCBB:XRYM), an industry leader in real-time negotiating technology, is pleased to announce that the company has been granted a license from the Bureau of the European Community Research and Development Information Services, CORDIS unit. This license enables XRAYMEDIA to launch another business model for its live negotiating technology, The Center for Innovation Technology, in partnership with CORDIS. CORDIS is an information space devoted to European research and development (R&D) and innovation.

XRAYMEDIA European LOM President & CEO Mr. Hans Johannes Schulte remarks, "This is the next building block in a strategy we are unfolding for XRAYMEDIA in the European market. We hope to deliver on this opportunity, a component of which will be The Center of Innovation Technology's utilization of our unique live negotiating technology to support the ambitions of entrepreneurs worldwide. This will facilitate, in an ongoing way, technology projects and R&D, by improving the financing pipeline from the U.S. and elsewhere. The goal is for The Center of Innovation Technology to match venture finance with industrial and technology-based opportunities. The Center of Innovation Technology will seek to enable the transfer of technology from the lab to the marketplace."

XRAYMEDIA President & CEO Raymond C. Dabney comments on the European developments, "We are very proud to be a part of launching this significant service and pleased with the project Mr. Schulte has spearheaded. The initiative is a logical extension of XRAYMEDIA's capabilities that offer our company another opportunity to offer live matching and instant Internet negotiations in an environment other than media."

About XRAYMEDIA's Center of Innovation Technology

The Center of Innovation Technology enables research and technological developments, live Internet negotiations, search for International innovative business opportunities on emerging technologies focusing on Chemicals, Biology, Medicine, Energy, Environment, IT, Telecommunications, and Industrial Technologies. Initially, The Center of Innovation Technology site will be populated with over 1000 unique company listings, each company will be looking for R&D progress, collaborations and partnerships, marketing and or initial or secondary financing. The information will be instantly updated as New Technology Offers and Requests enter the pipeline.

You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will", "anticipates", "believes", "plans", "goal", "expects", "future", "intends" and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about XRAYMEDIA INC., please refer to its Form 10-ksb filed with the Securities and Exchange Commission and available on the SEC website at www.sec.gov.

Source: Business Wire

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