news out!
DnC Multimedia Announces New Product Launch at CES
Tuesday January 8, 8:58 am ET
Personal Media Player Offers Cutting-Edge Functionality
PALO ALTO, CA--(MARKET WIRE)--Jan 8, 2008 -- DnC Multimedia Corp. (formerly named Planetlink Communications, Inc.) (OTC BB:PLKC.OB - News) today announced that it is unveiling its newest Personal Multimedia Player ("PMP") at the Consumer Electronics Show in Las Vegas this week. DnC Multimedia, Inc. ("DnC") is a designer and marketer of a broad range of digital media technology products, and owns and operates an array of high-end encoding technologies and the Pluginz Network, an eCommerce marketplace for sophisticated multimedia technology.
"DnC's digital media products have been private-labeled for many high quality customers in the past, but financial constraints limited the size of these relationships. Now, as part of a U.S. public company, DnC is poised to dramatically grow its market share in the enormous, growing marketplace for digital media products. Our new PMP has a sleek, cutting-edge design and includes networking features never seen before in portable media players," stated Robert Lott, CEO of DnC Multimedia. "Combining DnC's hardware development expertise with that of the PlugInz Network will allow us to dramatically increase the features and uses of DnC's devices. While we are in the early stages of merging our enterprises, and exploring a number of other strategic acquisitions, the possibilities we envision are already extremely exciting. We look forward to communicating with shareholders over the course of 2008 as we build what we believe could be a truly unique company for many years to come," Mr. Lott concluded.
According to the market research team Isuppli Corp, "Global PMP/MP3 player unit shipments will rise to 268.6 million units in 2011, expanding at a CAGR of 13 percent from 128.7 million units in 2005" and "Global PMP/MP3 factory revenue will rise to $21.5 billion by 2011, growing at a CAGR of 7.4 percent from $14 billion in 2005."
DnC Multimedia, Inc. is a designer and marketer of a broad range of digital media technology products, and owns and operates an array of high-end encoding technologies and the Pluginz Network, an eCommerce marketplace for sophisticated multimedia technology. DnC's portable media players are among the highest rated in the consumer market, and are sold through leading retail chain stores in the US and Europe. The Company is now headquartered in Palo Alto, California and maintains engineering and R&D facilities in Seoul, South Korea. Additional information about DnC Multimedia is available at www.dncmultimedia.com
Certain statements in this news release may constitute "forward-looking" statements within the meaning of section 21E of the Securities and Exchange Act of 1934. The Company believes that its expectations, as expressed in these statements are based on reasonable assumptions regarding the risks and uncertainties inherent in achieving those expectations. These statements are not, however, guarantees of future performance and actual results may differ materially. Risk factors are listed in the most recent Annual Report on Form 10-KSB filed with the Securities and Exchange Commission. Such forward-looking statements involve risks, uncertainties, which may cause the actual results, performance, or achievement expressed or implied to differ.
