CYTL NEWS
Cybermesh International Corp and ContentX Technologies Agree on Joint Venture
May 18, 2011 (Business Wire) -- Cybermesh International Corp (OTCBB: CYTL) has identified its second joint venture partner and has signed a term sheet to move forward. The company, ContentX Technologies LLC, is an Internet intelligence, security and copyright monetization company.
ContentX recently launched a "friendly" new solution that tracks individuals who download entertainment content illegally, and then converts them to paying customers. The ContentX platform is the only large-scale, automated system that identifies infringers by the thousands, sends notices of their illegal use, and then offers a proven system to collect payments on behalf of the content owners, at no cost to studios or copyright holders. ContentX already has signed several marquee clients and with this joint venture both companies believe this will significantly improve ContentX Technologies’ ability to expand its operations, personnel and infrastructure.
Cybermesh feels that ContentX complements the company’s mission and that access to ContentX’s technologies will eliminate the capital outlay that would otherwise be required to develop their own systems.
The Companies are pushing to complete the joint venture in 30 days.
About Cybermesh International
Cybermesh International is a technology-based company focusing on developing technologies in video streaming, telecommunications, media distribution and analysis sector.
About ContentX Technologies
Based in Southern California’s technology hub, ContentX Technologies provides powerful internet intelligence, security and monetization solutions that turn piracy into paying customers for the entertainment industry. The key differentiator of ContentX is its ability to address thousands of infringers as future consumers, rather than as adversaries. ContentX also guides studios to think in the same direction by creating a tailored consumer experience that drives fully paid repeat visits.
Forward-looking Statements
This press release contains forward-looking statements that may be subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and may include statements regarding the joint venture, future financial performance and results of operations. Unless otherwise required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this press release. Additional information concerning risks and uncertainties that may cause actual results to differ materially from those projected or suggested in the forward-looking statements may be found in Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K filed with the U.S. Securities and Exchange Commission.
Cybermesh International
Sam Porter, 505-359-5002
sporter@cybermeshinternational.com
Source: Business Wire (May 18, 2011 - 4:26 PM EDT)
