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Xraymedia Inc fka XRYM RSS Feed

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http://www.xraymedia.com/index.html http://www.xraymedia.com/ms/lmm/index.html http://www.xraymedia.com/ms/barter/index.html http://www.negotiationstation.com/ http://www.xraymedia.com/cc/press/index.html XRAYMEDIA Appoints New Interim President, Relocates Head Office & Seeks New Auditor VANCOUVER, BC and NEW YORK, NY--(MARKET WIRE)--May 1, 2006 -- XRAYMEDIA, Inc., (OTC BB:XRYME.OB - News), an industry leader in real-time negotiating technology, announces that previous President & CEO, Mr. Hans Johannes Schulte has resigned from his post as Director, President & CEO of XRAYMEDIA. Effective immediately, the Company has appointed Mr. Sarb S. Teja CGA to replace Mr. Schulte as the Company's new Interim President & CEO. With the new appointment, the Company has moved its corporate operations from Europe to; 9th Floor, 555 Burrard Street, Vancouver, British Columbia, B.C. V7X 1M9, Canada, the Company telephone number, 1.888.777.0658 and fax number, 1.866.777.0658 will remain the same. Continuing on its path of corporate restructuring, the Company is in the process of setting up each subsidiary with its own operating office along with a new President & Management team, and moving forward with its independent operations. Bedinger & Company has resigned from its post, as the Company Auditor. As such, the Company is in the process of selecting a new Auditor and will commence with the 2005 audit as soon as the new Auditor has been engaged. Mr. Sarb S. Teja CGA brings more than ten years of financial management experience to XRAYMEDIA. As a former manager at KPMG, LLP, Mr. Teja was involved in several merger and acquisition transactions, where he worked with both public and private corporations in the high-technology sector. In past years, Mr. Teja has also held the position of Director of Finance for the B.C. Division of a large National non-profit organization, as well as the position of Controller for a wireless software startup company. Most recently, Mr. Teja formed SME Online Accounting, Inc., which provides outsourced accounting services to accounting firms and junior public companies. Mr. Teja's diverse financial and business management experience will guide the lateral and vertical growth opportunities presented within the XRAYMEDIA business model to new levels of achievement. Mr. Teja is set to move forward with the restructuring of each of the Companies' subsidiaries. XRAYMEDIA Interim President & CEO, Mr. Sarb S. Teja comments on his interim post with XRAYMEDIA, "I am very enthusiastic about my appointment as Interim President and CEO and look forward to helping advance XRAYMEDIA and its subsidiary companies to new levels of success. We will also be selecting a new auditor for XRAYMEDIA to complete the audited financials for 2005 as well as oversee the impending public company rollout of each operating subsidiary. The Company will make an announcement as soon as a new auditor is engaged." About LOM Logistics, Inc. XRAYMEDIA's Live Open Marketplace (LOM) technology released and now being upgraded to include a hybrid mix of live auctions and live negotiating technology. Available to virtually every industry worldwide, with video and image components allowing users to thoroughly evaluate merchandise, and other such offerings, before initiating live negotiations or live auctions. The LOM technology is available 24 hours a day, 7 days a week; permitting multiple negotiations or auctions simultaneously, online, via a secured, encrypted platform. XRAYMEDIA is proud to release one of the most powerful technologies for live Internet auctions and negotiations on the market today. The Company will continue to focus on branding through TV and other media exposure programs, licensing, and its several in-house industry specific offerings. About LMM Technologies, Corp. As well as offering traditional advertising services, LMM Technologies, Corp. is revolutionizing the traditional media industry by providing the general business community and media professionals with the Live Media Marketplace (LMM), a centralized online community for media services and live negotiations. Designed to provide the general business community the necessary reach to find outstanding advertising opportunities in North America and Internationally, the LMM dynamically streams all media inventory for users to choose from and then uses its cutting-edge Live Negotiating Technology to commence multiple simultaneous negotiations in real-time over the Internet in a private secure environment. The LMM empowers its users with the ability to place media buy or sell orders, choose from media matches, and initiate multiple negotiations simultaneously, in real-time. The LMM is specific to the advertising industry, allowing users to buy and sell virtually every type of advertising available worldwide through a one stop, live negotiating center available 24 hours a day through the Internet. About XRAY Entertainment, Inc. XRAYMEDIA's entertainment division is branching off as XRAYMEDIA's entertainment icon, and will continue to progress its various entertainment related business ventures, such as Feature Film productions, TV productions, Music Video productions and talent management. XRAYMEDIA's established entertainment partnerships and growing number of projects presented to XRAYMEDIA, XRAY Entertainment, Inc. are sure to have an exciting growth path in the entertainment industry. About XRAYMEDIA Inc. Empowering the World's Business Community, XRAYMEDIA will continue finding new ventures, new technology and relationships for all of its respective subsidiaries. As the main hub for programming and technical development for all its subsidiaries XRAYMEDIA will continue to grow as a high tech incubator finding and producing cutting edge technology and concepts for now and the future. 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. Contact: Sarb S. Teja, CGA XRAYMEDIA, Inc. Interim President & C.E.O. 1.888.777.0658 info@xraymedia.com Sarb S. Teja, CGA, Interim President & CEO Mr. Teja brings more than ten years of financial management experience to XRAYMEDIA. As a former manager at KPMG, LLP, Mr. Teja was involved in several merger and acquisition transactions, where he worked with both public and private corporations in the high-technology sector. In past years, Mr. Teja has also held the position of Director of Finance for the Multiple Sclerosis Society of Canada (B.C. Division), as well as the position of Controller for a wireless software startup company. Most recently, Mr. Teja has formed SME Online Accounting, Inc., which provides financial outsourcing solutions to accounting firms and emerging companies. Mr. Teja's diverse financial management experience strengthens XRAYMEDIA's existing management team while guiding the lateral and vertical economic growth opportunities presented within the XRAYMEDIA business model. Meir Kahtan, Media Director For over 15 years, Meir Kahtan Public Relations has initiated coverage for countless financial, high technology, medical, legal, and real estate firms. From online banking to eCommerce, and from web-based real estate to promotion of the Internet itself, Mr. Kahtan has experience as an innovator. Mr. Kahtan's clients are regularly seen on national television outlets such as CNBC, ABC, and CNN, and read about in major print media like The Wall Street Journal, the New York Times, and the Financial Times. Mr. Kahtan has the ability to mobilize a campaign at lightening speed. As a division of a full-service advertising agency, Mr. Kahtan also specializes in carrying out simultaneous public relations and advertising campaigns. Synchronizing these functions has proven highly potent for his clients - it ensures a unity of voice, a coordination of the overall media strategy, and a collaborative creative process. Meir Kahtan will be a cornerstone in the direction of the Media Services Department of XRAYMEDIA Link: http://www.profitspi.com/stock-chart.aspx?id=XRYM&ca=709963261 XRYM Quotes: http://www.pinksheets.com/quote/quote.jsp?symbol=xrym Charts and news: http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=xrym&sid=0&o_symb=xrym&f.... http://stockcharts.com/h-sc/ui
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