SunnComm to Pay its First Dividend of 24,072,603 Quiet Tiger Shares to its Shareholders
SunnComm shareholders of record on September 30, 2004 will receive the first Quiet Tiger non-taxable share dividend.
PHOENIX, AZ., July 27, 2004 — SunnComm International, Inc. (OTC: SCMI), the developer of MediaMax™, the most widely used and accepted audio CD copy management and enhancement technology in the United States, announced today that its Board of Directors has voted to distribute more than 24 million shares of Quiet Tiger, Inc. (OTCBB:QTIG) to SunnComm shareholders of record as of September 30, 2004. QuietTiger is the international sales and marketing arm for SunnComm’s MediaMax technologies.
The dividend distribution to all bona fide SunnComm shareholders as of the record date will be administrated in accordance with all applicable federal and state statutes. The payment date for the first dividend is set to be October 22, 2004. The dates for subsequent dividends of Quiet Tiger shares as well as the precise dividend ratio due each bona fide SunnComm shareholder will be announced after September 30. Questions concerning the dividend may be directed to the company’s investor relations department whose email address and phone are listed at the end of this release.
In other SunnComm news, the Board of Directors has authorized management to issue options to purchase SunnComm common stock for certain technology license agreements it signs with high volume customers. Should such options be issued, they will be accounted for and expensed in accordance with all applicable federal and state laws.The Board of Directors has also invited the Company’s Chief Technology Officer, Eric Vandewater, to serve as a director of the Company beginning November 15, 2004 and will nominate him as a director at the next annual shareholder meeting. Peter Jacobs, SunnComm’s president states, “Mr. Vandewater has played an indispensable part in making our company a uniquely capable, and creative environment since he joined SunnComm’s staff in 2001. It will be a pleasure to serve with him on SunnComm’s board.”
SunnComm’s MediaMax suite of products delivers security for digital CD audio along with an enhanced consumer experience that provides additional bonus content and value-added features. MediaMax is wrapped in a user-friendly multi-media session environment, mastered directly on the audio CD, and accessible using a personal computer. Bonus features include artist-related promotions, videos, song lyrics, artist bio page, photo gallery, web links, on-board press kits, and tune-sharing capability through SunnComm’s MusicMail™ functionality.
