RAYS RAYS and more RAYS - I'm betting it's going to do something spectacular before Christmas!
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not a bad one though, we are trading right at yesterday's close.
Looking Great! GO RAYS!
Good Morning Everyone. Looking forward to a great day for RAYS.
I think at first many people were very skeptical of RAYS technology but upon closer examination people are starting to realize that RAYS is for real, their technology really works.
When you consider that bandwidth, or lack thereof is probably the biggest issue facing the internet in the next few years, one can see just how huge the potential is.
Its clear that CSTI and many others dismissed RAYS as just another bb hype, and one can hardly blame them, most bb's are. But I think they are going to realize soon just how wrong they were on RAYS.
RAYS is a true gem, a diamond in the rough, one of those few Companies out of thousands that trade on the bb that actually has a real breakthrough technology.
As I have been saying for a long time now, I think RAYS will be a very successful and profitable Company over the long term.
I think its really exciting to see a core group of investors forming here who can see the massive potential for RAYS in the longer term.
As I have been saying, I think we are on the cusp of some big announcements from the company that will propel RAYS to a whole new dimension.
GO RAYS!
It sure looks that way and they are adding more risk every day. I think its clear to all of us longs that something huge is in the works here.
Every time I look over RAYS management team I get more excited.
Paul M. Hamer Since 2001, Hamer, 49, has served as Executive Vice President of Development for Davaco, Inc. As the national leading provider of turnkey retail and restaurant service solutions, Davaco’s mission is to provide high-quality services and solutions that maximize brand presence and profitability for its customers. Hamer has a 17-year track record of successfully delivering multi-million dollar new business deals to several Fortune 100 companies, demonstrating his thorough understanding and knowledge of developing strong business-to-business relationships. From 1998-2001, he was Vice President of Sales for Davaco (formerly Fixture Perfect International, Inc.), and he previously served as National Sales Director and as Regional Director, Northeast for FPI Services, Inc. Hamer is also a member of the SPECS Advisory Board.
Brian Petersen - CEO of Raystream Inc.
Mr. Petersen was recruited from store planning and design company RGD Design to start Davaco Sourcing, an online reverse auction/sourcing company, in 2000. In his first year, he saved clients such as Lowes, TJMaxx, Kohls, and Mary Kay over $100 million, and increased the company’s ROI to 85%. In 2005, Petersen ran Petersen-Hines/Texas Home Theater, an audio/video business he founded in 2005. Serving high profile clients and companies, Petersen grew Petersen-Hines to a multimillion dollar company in 6 years.
T. Michael Seay - Vice President of Sales and Strategic Implementation
Mr. Seay, Vice President of Sales for the Americas, learned of economic vagaries in the turbulent oil and gas industry. He translated his experience into ownership roles in many different business opportunities. For the last seven years, Mr. Seay has served as the COO of Ramshead Ventures Ltd., a company that focuses on the development, capitalization and operational execution of intellectual property. His expertise in marketing and business development provides Seay with experience in analyzing and coordinating the sales process. Through these varied endeavors, Seay has developed an extensive network of contacts in most markets.
Dane Butzer - Business Development Manager
Mr. Butzer has worked in intellectual property law with such renowned firms as Fitzpatrick, Cella, Harper & Scinto, and The Swernofsky Law Group. He also maintained a highly successful solo practice. Mr. Butzer has witnessed many start-up ventures and ongoing businesses both fail and succeed over the course of his career, resulting in a deep understanding of the fundamentals of applying technology and business processes in the real world.
Roman Rumpf - Co-founder and CTO of Raystream Inc.
While Information Technology Security Expert at Safe-com, a specialist in secure mobile, ISDN and VoIP communications, Mr. Rumpf was responsible for IT security, large-scale security systems, concept and design, failover mechanisms and Unix system engineering, as well as mobile solutions for smart phones. Prior to joining Safe-com, Mr. Rumpf was project manager for Qnective AG Switzerland and created the Internet’s first web 2.0 mobile "Social Community."
Nadia Christian - Vice President of Marketing
Miss Christian launched her career at an advertising agency 15 years ago. She was part of the marketing and research teams, with a focus on new advertising innovations. She supports the company's organic growth and commercial innovation initiatives, sales, and communications functions. Prior to joining Raystream, she was Director of Digital Signage for PetersenHines.
Jennifer Kruger - Public Relations Specialist
Mrs. Kruger began her career as a writer and journalist nearly 20 years ago. She was editor of several international publications in the imaging industry, and later expanded into podcast journalism, ghostwriting, social media marketing and blogging. Mrs. Kruger is a 2010 Addy Award winner for Podcasting. Prior to joining Raystream, she was Director of Public Relations for Brownstein and McCabe.
Terri Jones - Vice President of Operations
Terri Jones brings more than 20 years of accounting, business management and operations experience to Raystream. Most recently, she ran the accounting department in an innovative, virtual paralegal firm. Her specialty is helping start-ups leverage their financial potential, and she has raised millions of dollars for small business entrepreneurs. Jones is a certified tax preparer with the IRS and previously owned her own financial and accounting firm.
Joel Breen has more than 16 years of experience in digital/new media and emerging technologies, primarily in marketing strategy and business development. Prior to joining Raystream, Breen served as Vice President at Animetrics Inc, a facial recognition biometric company, creating strategic partnerships with organizations such as Verizon Wireless, AT&T, Sprint and Novartis. Previously, Breen spearheaded new business development and integrated marketing strategies at Sokolove Law, Blue Dolphin Group, Luxury Media Corp., Inacom Information Systems, Inergy On-Line, and Pinehurst Group.
Chad Munce brings vast experience in technology, marketing, and business development to Raystream. Most recently, he served as Group Executive of Marketing and Digital Imaging at Photo Marketing Association International, the largest imaging trade association in the world. In that role, Munce was responsible for marketing, education, and content development. He previously held business development and strategy positions with Skyline Displays and RPI Digital Images. A featured speaker at several international conferences, Munce’s interviews have been featured on National Public Radio (NPR) and in The Chicago Tribune.
Laszlo Spitzer has a two-decade track record for delivering multi-million-dollar new business growth by developing marketing and sales channels. Prior to joining Raystream, Spitzer was the OEM Sales & Business Development Manager at Qintar Technologies Inc. in Shenzhen, China. In this and other roles at companies such as Panoram Technologies and Aclivity Inc., Spitzer negotiated formidable contracts with Chevron Worldwide; British Petroleum; Boeing; Lockheed Martin; Toyota; the U.S. Army, Navy, and Coast Guard; NBC Universal; Warner Brothers; Paramount; and others.
John Townsend brings more than 12 years of technology sales experience to Raystream. His career has spanned multiple industries, including hospitality, golf, healthcare, and Internet solutions. Over the course of his career, Townsend has assisted numerous companies in improving operations by consulting on and implementing solutions related to software, website design, technology integration, and marketing. Townsend was the top sales executive of ProLink Solutions in 2007 and of clubsystems group in 2003.
we keep testing high of day, looks as if one of these times it will break through and really start to move.
Looking good!
$1.45 new high of day! GO RAYS!
RAYS sure looks good here. Looks like we might break out of this range and make some nice gains this afternoon. Trading right back at the high of the day!
GO RAYS!
I know, its been like that all day. Every time it shakes to mid $1.30 range large blocks come up on the bid. Something is up IMO.
GO RAYS!
Agreed, we all know RAYS can heat up in a heartbeat. The short raids have been less effective on every go and we are trading in a higher range then we did after the initial short attack.
I agree with what many say here in terms of $1.20 being a key support level and we are trading well above that now.
I think something big must be up, really strong demand for the stock today, somebody is accumulating large blocks.
Huge bids coming in. Looks like RAYS is about to explode! I suspect something huge is coming sooner then we think!
Same here JOE, I just got the rest of my order filled here @$1.42 and I will add more on any dips.
As I said yesterday, I will not trade RAYS anymore, I am holding these shares for the long run.
RAYS is going to do some great things for us!
GO RAYS!
Same here.
RAYS is trading great today. Very strong here. I think it wont be long until RAYS really surprises a lot of people around here.
The next few weeks should be really exciting!
To all the people that posted negative responses to my post from yesterday. I have every right to believe in a great future for RAYS and I don’t believe I should have to face ridicule from anyone because of it.
RAYS has a technology that could revolutionize the way videos are streamed online, cutting bandwidth needs by 70% to 90% and providing perfectly clear streams with no buffering and no loss of quality.
This makes RAYS a very valuable company indeed. So valuable that it seems likely companies such as Google, Microsoft or any other number of big names might try to buy them up.
I will continue to believe in a great future for RAYS, as I have been saying, I think we are on the cusp of some big announcements from the company that could propel RAYS to a whole new dimension.
GO RAYS
I am done trading RAYS
Initially I put my entire account into RAYS, thats how much I believed in the Company. Because of this, during the subsequent short raids I was ruled by fear and gread and I traded the stock once.
I have since changed my stratagy on RAYS, I am building a core position that I wil hold through thick and thin, trading a stock with the long term potential that RAYS has is stupid and does not help the stock overall either. I believe as many here do, that over the long term RAYS will be a very successful Company or could easily get bought out by one of the majors.
Until this happens I am long on RAYS, no matter what the stock does in the short term, I will not trade it, I will wait for the big payoff I belive is coming for all RAYS shareholders.
GO RAYS
Well it was a tough week for all of us RAYS investors. For those of us who really believe in the Company these short term swings are much easier to take.
The initial short attack completely blindsided me, I did not think that would happen. It was a good lesson to learn. I was so sure RAYS would continue up and I was so wrong.
I think over the long term, RAYS will shine. In the meantime we just have to wait.
I suspect it wont be long until we see significant contracts from the Company that will take RAYS to a whole new dimension.
I still love this Company and I am very happy that it came along.
Shorts attack did not take it down much. We are trading at the same price that we opened today.
RAYS looking good here.
It looks as if there is some solid support here in the $1.40 range. We knew it would take some time for RAYS to recover after the continued attacks by the shorts.
Over the long term RAYS remains a tremendous opportunity. Its only a matter of time before RAYS signs some contracts with some big names in the industry.
When that happens, the shorts will have a much harder time with their attacks.
$1.68 incredible!! GO RAYS!!
RAYS investors have every right to be excited today. What a great comeback we are making.
Looks as if RAYS is headed right back to $2!
GO RAYS!
I am just an investor, added a nice chunk to my position at $1.33 and its been a great trade so far.
Looks as if many shorts are covering their positions here.
New hod $1.62 RAYS has been trading very strong this morning. There has been huge demand for the stock right of the gate.
1M shares traded in the first 30 minutes.
Amazing!
Very strong and new highs in the first minutes of trading bodes well for the day!
Go RAYS!
Good Morning Everyone. Looking forward to a great day for RAYS!
Great close for RAYS
I'm so happy we are trading so strong here. The next few days should be really exciting.
To da Moon!
Well its come back time now. Great to see RAYS trading so strong.
I just got excited when I looked over the Companies management. It is very rare to find a bb listed Company with such a strong and experienced management team behind it. These guys have done some big things. There is no way they would get involved with a bb listed Co unless the Company was something really special.
You guys have a good point. Better to take it one step at a time and not get to far ahead of ones self.
Paul M. Hamer Since 2001, Hamer, 49, has served as Executive Vice President of Development for Davaco, Inc. As the national leading provider of turnkey retail and restaurant service solutions, Davaco’s mission is to provide high-quality services and solutions that maximize brand presence and profitability for its customers. Hamer has a 17-year track record of successfully delivering multi-million dollar new business deals to several Fortune 100 companies, demonstrating his thorough understanding and knowledge of developing strong business-to-business relationships. From 1998-2001, he was Vice President of Sales for Davaco (formerly Fixture Perfect International, Inc.), and he previously served as National Sales Director and as Regional Director, Northeast for FPI Services, Inc. Hamer is also a member of the SPECS Advisory Board.
Brian Petersen - CEO of Raystream Inc.
Mr. Petersen was recruited from store planning and design company RGD Design to start Davaco Sourcing, an online reverse auction/sourcing company, in 2000. In his first year, he saved clients such as Lowes, TJMaxx, Kohls, and Mary Kay over $100 million, and increased the company’s ROI to 85%. In 2005, Petersen ran Petersen-Hines/Texas Home Theater, an audio/video business he founded in 2005. Serving high profile clients and companies, Petersen grew Petersen-Hines to a multimillion dollar company in 6 years.
T. Michael Seay - Vice President of Sales and Strategic Implementation
Mr. Seay, Vice President of Sales for the Americas, learned of economic vagaries in the turbulent oil and gas industry. He translated his experience into ownership roles in many different business opportunities.
For the last seven years, Mr. Seay has served as the COO of Ramshead Ventures Ltd., a company that focuses on the development, capitalization and operational execution of intellectual property. His expertise in marketing and business development provides Seay with experience in analyzing and coordinating the sales process. Through these varied endeavors, Seay has developed an extensive network of contacts in most markets.
Dane Butzer - Business Development Manager
Mr. Butzer has worked in intellectual property law with such renowned firms as Fitzpatrick, Cella, Harper & Scinto, and The Swernofsky Law Group. He also maintained a highly successful solo practice. Mr. Butzer has witnessed many start-up ventures and ongoing businesses both fail and succeed over the course of his career, resulting in a deep understanding of the fundamentals of applying technology and business processes in the real world.
Roman Rumpf - Co-founder and CTO of Raystream Inc.
While Information Technology Security Expert at Safe-com, a specialist in secure mobile, ISDN and VoIP communications, Mr. Rumpf was responsible for IT security, large-scale security systems, concept and design, failover mechanisms and Unix system engineering, as well as mobile solutions for smart phones. Prior to joining Safe-com, Mr. Rumpf was project manager for Qnective AG Switzerland and created the Internet’s first web 2.0 mobile "Social Community."
Nadia Christian - Vice President of Marketing
Miss Christian launched her career at an advertising agency 15 years ago. She was part of the marketing and research teams, with a focus on new advertising innovations. She supports the company's organic growth and commercial innovation initiatives, sales, and communications functions. Prior to joining Raystream, she was Director of Digital Signage for PetersenHines.
Jennifer Kruger - Public Relations Specialist
Mrs. Kruger began her career as a writer and journalist nearly 20 years ago. She was editor of several international publications in the imaging industry, and later expanded into podcast journalism, ghostwriting, social media marketing and blogging. Mrs. Kruger is a 2010 Addy Award winner for Podcasting. Prior to joining Raystream, she was Director of Public Relations for Brownstein and McCabe.
Terri Jones - Vice President of Operations
Terri Jones brings more than 20 years of accounting, business management and operations experience to Raystream. Most recently, she ran the accounting department in an innovative, virtual paralegal firm. Her specialty is helping start-ups leverage their financial potential, and she has raised millions of dollars for small business entrepreneurs. Jones is a certified tax preparer with the IRS and previously owned her own financial and accounting firm.
Joel Breen has more than 16 years of experience in digital/new media and emerging technologies, primarily in marketing strategy and business development. Prior to joining Raystream, Breen served as Vice President at Animetrics Inc, a facial recognition biometric company, creating strategic partnerships with organizations such as Verizon Wireless, AT&T, Sprint and Novartis. Previously, Breen spearheaded new business development and integrated marketing strategies at Sokolove Law, Blue Dolphin Group, Luxury Media Corp., Inacom Information Systems, Inergy On-Line, and Pinehurst Group.
Chad Munce brings vast experience in technology, marketing, and business development to Raystream. Most recently, he served as Group Executive of Marketing and Digital Imaging at Photo Marketing Association International, the largest imaging trade association in the world. In that role, Munce was responsible for marketing, education, and content development. He previously held business development and strategy positions with Skyline Displays and RPI Digital Images. A featured speaker at several international conferences, Munce’s interviews have been featured on National Public Radio (NPR) and in The Chicago Tribune.
Laszlo Spitzer has a two-decade track record for delivering multi-million-dollar new business growth by developing marketing and sales channels. Prior to joining Raystream, Spitzer was the OEM Sales & Business Development Manager at Qintar Technologies Inc. in Shenzhen, China. In this and other roles at companies such as Panoram Technologies and Aclivity Inc., Spitzer negotiated formidable contracts with Chevron Worldwide; British Petroleum; Boeing; Lockheed Martin; Toyota; the U.S. Army, Navy, and Coast Guard; NBC Universal; Warner Brothers; Paramount; and others.
John Townsend brings more than 12 years of technology sales experience to Raystream. His career has spanned multiple industries, including hospitality, golf, healthcare, and Internet solutions. Over the course of his career, Townsend has assisted numerous companies in improving operations by consulting on and implementing solutions related to software, website design, technology integration, and marketing. Townsend was the top sales executive of ProLink Solutions in 2007 and of clubsystems group in 2003.
BB Companies move to higher exchanges every day. Happens all the time.
There is so much crap trading on the bb's its sometimes hard to distinguish when something real comes along. I think RAYS technology is much bigger then most think and will surprise many people here.
I don't think you should be so quick to judge.
Google is spending billions on new acquisitions; a smart choice for them would be to make a takeover bid on RAYS. Their 2006 acquisition of YouTube for $1.6 billion has failed to pay off as YouTube is still not profitable. Incredible considering YouTube's total 2011 revenues are close to a billion dollars.
Although Google does not disclose what it spends on bandwidth for YouTube, several industry insiders estimate that YouTube spends several million dollars per day on bandwidth alone.
As RAYS continues to climb everyday and make new highs, it’s easy to forget what’s really driving RAYS, RAYS has a breakthrough technology that could potentially be worth billions and slowly more and more investors are seeing the unique potential here for something really huge, possibly legendary.
RAYS video compression technology which reduces the size of HD video files by up to 90%, could save YouTube significant money on bandwidth costs per day and could very possibly turn them into a profitable company.
I agree, RAYS has all the ear marks of a stock moving to a higher exchange. TZOO went from $0.25 on the pink sheets to $100 a share on the NASDAQ! RAYS could be another Cinderella success story.
I think once we start seeing some significant contract announcements with major players, RAYS will be propelled to a whole new dimension.
It could easily move to the NASDAQ and explode from there.
RAYS is an acquisition target for Companies such as Google or Microsoft. Companies likely to make a move for RAYS include:
#1 Netflix. As competition in the online movie market continues to heat up, acquiring Raystream could solve Netflix's current technical glitches and provide an insurmountable advantage going forward. With a market cap that reached as high as $16 billion this year, Netflix has the financial clout to make a deal that would send Raystream stock soaring.
#2 Google/YouTube. After 48 acquisitions in 2010, the Internet giant is aiming for 50 or more in 2011. A recent Wall Street Journal article, "Google Cranks Up M&A Machine," revealed that "Google is going to continue to be aggressive…[focused on] small start-ups that can be a source of new technology, talented engineers and revenue." Raystream fits that description perfectly, especially as Google makes a push for YouTube's innovative pay-per-view model.
#3 Microsoft. YouTube may be the reigning king of online video, but Microsoft jumped into the top tier in online video with nearly 50 million views in a single month. With a market cap over $200 billion, even buying Raystream at a premium would be pocket change to the tech titan.
#4 Yahoo! Over the years, this internet pioneer has acquired more than 60 companies, including several in the hundreds of millions of dollars. By streamlining operations, Raystream could be the shot in the arm for the company to achieve its recently stated goal of becoming "the world’s premier digital media company."
#5 Vevo. The #1 music video company backed by heavy-hitter stakeholders such as Google, Universal Music Group, and Sony, generates about 215 million views per day and tens of millions in annual ad revenue. With a $300 million estimated market value and backing of heavy hitters, Vevo could lock up the music video market for years with an acquisition like Raystream.
#6 Time Warner/Facebook. Facebook, with 500 million users and $2.19 billion in display ad revenue this year, partnered with the Warner Bros. division of Time Warner to test the digital movie rental waters this spring. Raystream could put the social networking giant over the top.
#7 Viacom. Viacom, one of the world's biggest media companies — owner of MTV, Paramount Pictures, BET, Comedy Central, and DreamWorks Pictures — reaches over 520 million households worldwide in over 160 countries and territories. As it seeks to ambitiously expand its online video presence around the world, Raystream could a killer app.
#8 AOL. AOL is streamlining and re-positioning itself as a provider of online content after undoing its $124 billion merger with Time Warner Inc. Earlier this year AOL paid $315 million for Huffington Post, but Raystream could prove to be a much more profitable investment for its online video offerings as the company seeks to revitalize its brand.
#9 Amazon. This $100 billion giant launched its new streaming video service in February 2011, with more than 100,000 titles already available on demand ? and could use Raystream to manage the anticipated surge in usage from its highly touted new Kindle Fire tablets.
#10 Hulu. Americans viewed 3.8 billion video ads last month — with Hulu generating more than 1.1 billion of them. (They're expected to blow away last year's $240 million in revenue.) Cash-rich, fast-growing, and a perfect suitor.
RAYS is just getting started.
I think it moved up to fast before, the Company was not far along enough to support that price, the shorts saw an opportunity and took advantage of it.
But now we are seeing RAYS technology gaining significant acceptance and recognition in the industry, its starting to smell like rapid expansion and imminent contract announcements.
Already we have seen some big announcements. This time as we move over $2 RAYS will be much stronger.
Bulls are in charge now. Looks as if we are headed back to $2 in a hurry!
Here comes $1.38 RAYS is on FIRE!!
Just added nice chunk here. Looks like breakout!
GO RAYS!
Looking Good!
Bollinger Report introduces featured coverage of Raystream Inc. and Lithium Exploration Group Inc.
Market Considerations in Europe Outlook - Featured Research on Raystream Inc. and Lithium Exploration Group Inc.
NEW YORK, NY, Nov 10, 2011 (MARKETWIRE via COMTEX) -- Today, www.BollingerReport.com introduced featured coverage of Raystream Inc. RAYS -3.79% and Lithium Exploration Group Inc. LEXG -18.89% . Full research reports are available to readers at: www.BollingerReport.com/index.php?sm1=RAYS&sm2=LEXG .
With the European Financial Stability Facility set to increase to $1.4 trillion, it marks a significant move forward to strengthen the safety net in place for Europe's most troubled countries. Private bondholders of Greek debt are settling at a 50% haircut as another $180 billion in fresh aid is set to arrive, enabling banks to recapitalize at a healthy 9% reserve. Overall, these measures will bring Greece's debt burden down to 120% of GDP by 2020. An important consideration is political commitment to this road map. Currently the global community appears to be on point with ECB's initiative, an outlook that should be sufficient to support markets around current levels.
Bollinger Report screened and selected Raystream Inc. for its current position within the industry. Raystream Inc. is bringing its proprietary video compression technology to businesses and consumers worldwide. Raystream's technology puts high definition video in the reach of nearly every Internet user on the globe. A copy of this report featuring Raystream Inc. RAYS -3.79% is available at: www.BollingerReport.com/index.php?sm1=RAYS .
Bollinger Report is featuring Lithium Exploration Group Inc. for its changing role within the industry. Lithium Exploration Group Inc. is engaged in the acquisition, exploration, and development of resource properties. On December 16, 2010, the Company entered into an Assignment Agreement to acquire an undivided 100% right, title and interest in and to certain mineral permits located in the Province of Alberta. To download researches and analysis on Lithium Exploration Group Inc. LEXG -18.89% we welcome investors to visit: www.BollingerReport.com/index.php?sm2=LEXG .
About Bollinger Report Bollinger Report has come to be known among its peers as a trusted source of information for both investors and technical traders. Our online content is continually updated, bringing fresh new researches and analyses to the investment community.
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SOURCE: Bollinger Report
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RAYS CONTRACTS
Partnership with Laterna Magica, a video advertising production company based in Germany and South Africa. Laterna Magic provides video services to clients like Nestle, Lufthansa, Alfa Romeo, and Danone.
"The Laterna Magica contract is in line with our global expansion strategy," stated Brian Petersen, Raystream's CEO. "We are receiving a number of inquiries from companies worldwide that provide an array of video services. Laterna Magica is the first of what we anticipate will be a long line of online video services businesses around the world that will realize the significant benefits of Raystream's HD video compression technology."
Carsten Bohlefeld, CEO of Laterna Magica, commented, "We were skeptical at first because Raystream's technology seemed too good to be true. But after careful evaluation, both technically and commercially, we discovered that Raystream's technology will give us the competitive edge we were looking for to deliver a much better video experience for the consumer at an attractive cost savings for us. We're convinced Raystream's technology will significantly expand the yet untapped possibilities for delivering dynamic and cost-effective online video advertising for our clients."
"We're pleased that Laterna Magica's due diligence has proven that our technology capabilities deliver the benefits Raystream has been communicating to the video services market. They work with a long list of very well known consumer brand companies, as well as companies known for their technology manufacturing prowess all over the world," Petersen said. "This is a great opportunity for Raystream and Laterna Magica to showcase the extraordinary benefits of Raystream's video compression technology."
Contract with edgefactory OMNIMEDIA for a variable use license of the Raystream Compression Service. The one-year license agreement represents the genesis of Raystream's technology-forward service matched with edgefactory's cutting-edge business production services.
"We are pleased to announce our first customer contract, negotiated through Raystream's Orlando office by BDM Didier Nicholas," said Michael Seay, Raystream's Vice President of Sales and Strategic Implementation. "A global corporate and convention video production provider, edgefactory OMNIMEDIA serves as our first strategic partnership that will test new revenue opportunities in live broadcast streaming compression."
Raystream is launching its proprietary online video compression technology with edgefactory as its inaugural client.
Commented Brian Petersen, Raystream's CEO, "More and more businesses are looking for opportunities to tap into a more cost-effective way they can harness and deliver the power of online video. Our compression technology eliminates one of the most frustrating factors businesses and their customers' experience — the bandwidth barriers. Raystream's technology drastically reduces the size of HD video files by up to 90 percent, with an average of approximately 70 percent, and with no loss in clarity or quality. As a result of this compression, the cost of bandwidth can be reduced by up to 90 percent, or on average approximately 70 percent. That means Raystream's customers can see immediate cost savings while improving their customers' online video experience."
"Our company's video compression technology is a true game-changer, and we're pleased to have a strategic customer like edgefactory OMNIMEDIA. Their commitment to providing a high quality, innovative multimedia experience for their customers is parallel to our strategy. We want to help businesses like edgefactory make online video a truly gratifying experience," concluded Petersen.
About edgefactory OMNIMEDIA
edgefactory OMNIMEDIA is an EMMY(C) nominated producer of creative video, meetings and special events for Fortune 500 companies, major industry associations and a host of other organizations. Founded in 1998, edgefactory is a multi-disciplined creative resource, offering an array of services from creative writing, video production, digital signage, camera rentals, graphic design, 3D imaging, original music and technical support. For more information on edgefactory, call 1-866-291-3344 or visit the company's website at www.edgefactory.com .
I think that CSTI was the real culprit. Sykes just got lucky. And who is to say RAYS cannot still go to $4 or $5? It will take some time for RAYS to recover but it certainly can come back
I think the stock will surprise many people here, once the Company starts announcing some significant contracts, RAYS could do something great.