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Thursday, November 18, 2004 2:10:08 PM
I would love to see something about all those new subsidiaries.
Ref:
SunnComm Forms 11 Global Subsidiaries; Shareholders to Receive Share Dividend
New structure is expected to accelerate development of digital content security technology worldwide
PHOENIX, AZ., March 30, 2004 — SunnComm Technologies, Inc. (OTC: STEH), a leader in digital content security and enhancement for optical media, announced today that it has formed eleven wholly-owned subsidiaries to secure new development opportunities with minority partners domiciled in each of the subsidiary’s “local” areas. SunnComm Technologies (“ST”) China, ST Germany, ST Israel, ST Australia, ST England, ST Japan, ST Belgium, ST France, ST Denmark, ST Finland, and ST Canada will play a crucial role in SunnComm’s ongoing roll out of its MediaMax technology. SunnComm shareholders will receive a share dividend representing ownership in each subsidiary.
“This new structure will allow us to establish point of service relationships in each of these critical regions,” stated SunnComm president Peter H. Jacobs. “Following the activation of each subsidiary, SunnComm shareholders will receive a dividend representing ownership in that subsidiary once shareholders or their representative brokerages have shown that they are bona fide owners of record as of April 15, 2004.”
Only shareholders of record on that date will be entitled to receive these subsidiary dividends, which will be issued in accordance with state and federal regulations, including the required share exchange process under Nevada law as outlined in Nevada Revised Statutes 78-235 (http://www.leg.state.nv.us/NRS/NRS-078.html#NRS078Sec235) and 78-250 (http://www.leg.state.nv.us/NRS/NRS-078.html#NRS078Sec250). These subsidiaries have been formed quite recently and, as yet, have no operations. Accordingly, the shares of these subsidiaries have no determinable value at this time. The company cannot provide any assurance or guaranty that those shares will have any value or the operations of those subsidiaries will enhance the value of the company.
“SunnComm intends to execute any forthcoming stock certificate exchanges or dividends in accordance with federal and state regulations and guidelines,” Jacobs added. “I believe that through the strict use of these laws, SunnComm can be certain that only bona fide shareholders will receive the company’s share exchanges and dividends when they occur.”
ABOUT SUNNCOMM:
SunnComm Technologies, Inc. (OTC:STEH) became the first company to commercially release a content-protected audio CD utilizing an early version of the Windows Media Data Session Toolkit. It is a leader in digital content enhancement and security technology for optical media with its MediaMax M4 suite of products. SunnComm’s music-management technology was commercially released by Music City records in 2001. The album, Charley Pride - A Tribute to Jim Reeves, became America’s first copy-protected audio CD.
SunnComm´s MediaMax M4 suite of Digital Content Enhancement technologies are built using Microsoft (NASDAQ:MSFT) Windows Media 9 Series but operates on both Apple (NASDAQ:AAPL) and Microsoft Windows-based systems (NASDAQ:MSFT). For more detailed information about the company, its vision or philosophy, personnel, partners, and customers, please visit the Company´s Web site at http://www.sunncomm.com, or call the Company directly at (602) 267-7500.
For additional information or investor relations please contact:
Company contact:
Peter H. Jacobs
602-267-7500
peter@sunncomm.com
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