XRAYMEDIA Set for November 15, 2005 Launch of the Center of Innovation Technology, the Online International Research and Development Procurement Center
XRAYMEDIA, Inc., (OTCBB:XRYM), an industry leader in real-time negotiating technology, announces launch of The Center of Innovation Technology (CIT) website for November 15, 2005. The CIT is designed to further empower technology advancement by providing a real-time online venture exchange. International research & development instantly matched with entrepreneurs and investors worldwide creates the essence of the Center of Innovation Technology. Empowered by the Company’s unique hybrid technology, The CIT has the ability to utilize multiple Venture Exchange Networks to address and advance the needs of all research and development entrepreneurs through its live information and instant financial negotiations technology.
XRAYMEDIA European LOM President & CEO Mr. Hans Johannes Schulte remarks, “We are thrilled to be launching the CIT website as it is the first major step towards enabling the transfer of technology from the lab to the marketplace. The Center of Innovation Technology intends to match venture finance with industrial and technology-based opportunities via this comprehensible site. One of the objectives of the CIT is to strengthen the innovation capacity of the companies listed on the CIT and their contribution to the development of new technology based products and markets by helping them to extend their networks, better exploit research results and acquire technological know how. CIT explores and expands globally the European Technology Initiatives from public and private sector organizations and EU and non-EU funded research with the CIT Technology Platform. XRAYMEDIA’s belief in true cooperation and executing the idea by strengthening people has become our capacity to be instrumental as an initiator.”
The CIT website will harbor the highly sophisticated Live Open Marketplace (LOM) Technology Trading Floor. This Trading Floor caters to the technology industry by adding the versatility of live online negotiations and auctions to the buying and selling of worldwide technologies. Complete with video & image components, CIT’s Technology Trading Floor allows users to thoroughly evaluate products and information before initiating live negotiations or live auctions. The CIT Technology Trading Floor is available to the global community, 24 hours a day, 7 days a week and permits multiple negotiations simultaneously, online, via a secured, encrypted platform. Registered users are able to login and gain online access to the latest technological advancements available worldwide.
Mr. Schulte closes with, “We are excited to be at this stage and look forward to witnessing the unfolding and development of the CIT in the European market. We have recently signed on Dr. Norbert Smeets as our first consultant to the Center of Innovation Technology. Dr. Smeets will provide insight and recommendations on new technologies registered at the Center of Innovation Technology. With the expertise and assistance made available to XRAYMEDIA through its international network of industry professionals, the Center of Innovation Technology is designed to impact technology industries worldwide. The website is intelligible and effortless to navigate through; we expect to have an exceedingly positive response.”
ABOUT CIT
The Center of Innovation Technology (CIT) is an information space enabling worldwide access to research and technological developments, live Internet negotiations, and International innovative business opportunities on emerging technologies. CIT focuses mainly on Chemicals, Biology, Medicine, Energy, Environment, IT, Telecommunications, and Industrial Technologies. The Center of Innovation Technology is designed to serve and support the ambitions of entrepreneurs worldwide. The CIT Technology Trading Floor is currently populated with over 1000 unique company listings. Each company registered uses the Technology Trading Floor to request R&D progress, collaborations and partnerships, marketing and or initial or secondary financing as well as offering new technology available to the market. The Center of Innovation Technology is proud to be using one of the most powerful technologies for online businesses on the market today.
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.