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Wednesday, 01/08/2014 4:11:04 PM

Wednesday, January 08, 2014 4:11:04 PM

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NERO to Delay 10Q Filing to Preserve $17M Library of Assets

NeuroMama today reports that its library of entertainment assets has been appraised at $17 million by RwE Growth Partners, Inc., the appraiser of RKO Films and Ted Turner Library. Subsequently, the company has been advised to delay the filing of its 10Q, which will result in the company’s stock symbol temporarily changing to NEROE from NERO.

The delay will provide the company with additional time to appraise a portion of its library of TV programming; acquire any additionally needed entertainment assets to meet requirements for uplisting its common stock from the OTCBB to a major U.S. exchange; and to monetize these assets.

NeuroMama is the parent company of a neural intelligence-powered search engine and related Internet services. The company is currently exhibiting its full portfolio of complementary business lines at the 2014 CES Convention in Las Vegas, placing particular focus on the introduction of NeuroMama’s proprietary electronics to the Latin American and Eastern European markets.

On January 15, 2014, NeuroMama will launch NeuroZone TV, a new 24-hour TV Network in Latin America. The network will be launched on SatMex8 in a partnership with a sister sports network, HMX.

NeuroZone TV is a convergence of technology, finance, lifestyle, information, and education television. Whether it’s a debate between financial analyst and technology market gurus, product testing reviews, or economic, entertainment, social or political show, the company calls NeuroZone TV a “vibrant, compelling, must-watch window on and participant in our smaller, better planet.”

Before the official launch, the company first plans to release a beta version of NeuroZone TV to test the product, build a prototype and watch it perform, conduct a regional or local roll-out of a service.

“Such exercise will reveal the true economics of the business and will help enormously in determining how much money our venture actually requires and in what stages,” the company stated in the news release. “We will raise enough, and investors will invest enough capital to fund each major experiment.”

For more information, visit www.neuromama.com

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