Evans Systems, Inc. Acquires Rights to Market and Sell the Boondoggle Sports Network Internationally
Thursday, June 07 2007 - 9:45
ASHEVILLE, NC -- (MARKETWIRE) -- 06/07/07 -- Evans Systems, Inc. (PINKSHEETS: EVSY) has purchased the rights to sell the Boondoggle Sports Network (BSN) on the international market from HumWare Media Corporation (PINKSHEETS: HMWM). The Company has agreed to pay approximately 3.1 million shares of restricted common stock, which gives Evans Systems the exclusive right to market and sell the Boondoggle Sports Network outside North America. The Company expects to market the BSN to a growing number of countries with increasingly large sports audiences.
Evans Systems will initially focus on establishing a presence in the United Kingdom and will utilize management's experience and contacts to expand into other European countries. Evans will implement its strategy by approaching several of the major pub chains, advertising partners, as well as U.K.-based quiz companies. Over the last several years, interactive quiz games have increasingly become a direct competitor to the more traditional European pub games.
"We are encouraged that the Company has acquired the right to sell the Boondoggle Sports Network internationally. It is the belief of the management team that a strong customer base for digital signage advertisers can be established, as the growing popularity of trivia-based games in the European market has begun to thrive," stated Frank Moody, CEO of Evans Systems, Inc.
John Huemoller, CEO of HumWare Media, states, "This is the perfect time to introduce unique interactive sports trivia to a rapidly growing and largely untapped international pub and restaurant market. We believe that Evans Systems has the international marketing and sales experience internationally to significantly expand the Boondoggle Sports Network."
Recently, Evans Systems and HumWare Media signed a contract for the development and maintenance of the Child Watch Network (CWN). HumWare has agreed to create, advance and sustain a new digital Child Watch Network for Evans Systems over the next five years. The Child Watch Network will provide instantaneous updates on missing children alerts, together with numerous advertising opportunities in retail outlets.
About Evans Systems, Inc.:
Evans Systems, Inc. is an emerging out of home new media advertising company operating the Child Watch Network. CWN delivers time sensitive missing children information while providing a dynamic digital signage network for advertisers to reach on-the-go consumers with a targeted effective medium.
About HumWare Media Corporation:
HumWare Media Corporation develops and operates unique digital signage networks including Boondoggle Sports Network, 19thHole.TV and Child Watch Network. The Company also operates various fantasy sports contests and sells sports memorabilia through its wholly owned subsidiary Timeless Sports Inc.
The foregoing press release contains forward-looking statements that can be identified by such terminology as "expects," "potential," "suggests," "may," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations regarding future research, development, and/or commercial results could be affected by, among other things, uncertainties relating to the availability of future financing; unexpected regulatory delays or government regulation generally; the company's ability to obtain or maintain patent and other proprietary intellectual property protection; and completion in general. Forward-looking statements speak only as to the date they were made. The company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
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Contact:
Evans Systems, Inc.
Investor Relations
1-866 THE APPL(E)
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