Q: Hello Peter.
I´ve noticed a lack of press releases on the part of SunnComm lately regarding its progress with the record companies. How come?
Yours truly,
Arne [Last Name Deleted]
(11/16/2003 3:12:41 PM)
A: Hi Arne,
Thanks for the question. There is a moratorium of sorts on all press releases regarding our relationships with the labels and replicators. Each release that goes out requires the sign-off of the involved customers and partners who are less than excited about accomodating us. The reason is that they don´t believe announcements regarding the incorporation of MediaMax on their releases is in their best interests for the time being.
At SunnComm, we´ve decided to focus instead on signing up more labels and implementing MediaMax on as many releases as possible for the remainder of this year and the coming years.
One could argue that this policy doesn´t do much to shine a light on SunnComm in the short term. Shareholders, though, must understand that our first concern is honoring the wishes of our customers. As much as I sometimes hate to admit it, SunnComm is not the star of the show...the artist is. Our technology is made to be implemented in the background.
When our Form 10 and subsequent 10-Qs are filed, they will indicate revenues and new business. It will be these filings, newspaper and magazine publicity, occasional press releases, and growth into other areas of artist protection, getting onto a major exchange such as the AMEX, and the implementation of SEC Regulation SHO that I expect will be the things that grow value in our small company.
We will continue to keep everyone informed on other issues as required. Arne, I hope this helps answer some of your questions.
Best regards,
Peter
