**MUST READ** Shareholder Update 8k 10.26.10
In light of uncertain economic conditions and market volatility, WinSonic Digital Media Group, Ltd. (WDMG), WinSonic Digital Cable Systems Network, Ltd. (WDCSN) is taking this opportunity to update shareholders on recent corporate developments.
The Company continues to focus their efforts on growing existing markets,identifying additional market opportunities, product development and reducing expenses.Management believes that in spite of difficulties in the current economic environment there are ample opportunities for future economic growth and corporate prospects remain excellent.At this time prospects for capital formation are best served by continued emphasis on growing the business and strengthening the balance sheet.
In connection with 5 million funding commitment the Company has engage a accounting firm, CPA, senior accounting manager, and CFO in completing the 2008,2009,and 2010 10ks.
Management intends to complete the process within several months. In addition,periodic quarterly 8ks disclosing material events will be filed, communicating significant corporate developments to shareholders and the investment community.As WDMG and WDCSN continues to focus on business expansion, product development, and debt reduction, management believes the market will eventually recognize the value of current efforts.
It should be noted that over the 3rd quarter and the begining of 4th quarter WinSonic Digital Media Group, Ltd. working jointly with WinSonic Digital Cable Systems Network Corp and The WinSonic Group has taken significant steps to reduce debt,human resources, and over head expense while expanding and enhancing current intellectual property, interconnection assets and agreements that greatly exceed in value of the existing market capitalization of the company. Management believes the current share price does not accurately reflect the value of corporate assets and is taking steps to educate shareholders and the investment community on the value of corporate assets and opportunities in the foreseeable future.
The company is currently engaged in advanced negotiations on a new venture with Winsonic Diversity vauled over 20 million dollars. There can be no guarantee that efforts will be successful but in the event a agreement is reached and contracts executed, management will disclose all agreements deemed material through 8K filings in accordance with SEC regulations.The scope of the disclosures may be limited by confidentiality clauses in service agreements that limit our ability to disclose information beyond what is required in a press release, 8ks, 10qs, and 10ks.
Though the global economy continues to struggle, we believe our core business and new products and services for Health Care, Education, Entertainment, and Digital Distribution will continue to realize material levels of growth. Although the general economy may continue to grow at a modest pace,we do not currently forecast any decrease in our business activity in 2011, but expect continued expansion.
The stage is set for the exponential growth of online management products offered by WinSonic Digital Cable Systems Network. WDCSN will provide products, training and support, establishing technical teams for future development of marketing and product services. WinSonic Digital Cable Systems Network will accomplish these objectives and the company believes the result will bring about significant market traction, increased revenue and shareholder value. We believe it will generate revenue by the end of the second quarter 2011.
The company anticipates a reverse merger in the near term in order to grow and expand its customer base,core business,capital base,and shareholder value.WinSonic Digital Cable Systems Network (WDCSN) will launch its national,digital TV transport network now schedule in the second Quarter of 2011.WDCSN will offer an extensive content library with transport rights from top national programmers,cable networks, linear programming, established music libraries,and Video on Demand (V.O.D.) rights from major Hollywood movie studios.Working with our partners, WDCSN will offer solutions completely dedicated to the highest quality digital delivery of HD TV,video and music content to our clients subscriber base.Winsonic network has been focused solely on digital video, digital music and digital television services.We have structured our product offerings in a manner that optimizes the experience for both network and customer subscribers." WinSonic DigitalCable Systems Network has secured contracts for digital video,digital music, and digital television distribution services.
In addition, WinSonic Digital Cable Systems Network anticipates additional hardware and software acquisitions, investment in sales, marketing, new technology and customer support. A portion of the proceeds will include reduction of debt and financing for partnership development. Exponential market penetration can only occur through strategic alliances with synergistic support partners. Included in this amount are costs associated with a Series B Preferred funding to retire corporate debt.
Once the funding initiative is completed the company will be poised for solid growth in 2011 and beyond.
