NEWS JUST OUT!!!
CMI Holdings Group To Joint Venture In A World-Wide Patented 'Next Generation' Wireless Technology Company
SACRAMENTO, Calif.--(BUSINESS WIRE)--Apr. 06, 2000--(OTC-Pink Sheets: CMIH - news) CMI Holdings Group, Inc., has reached agreement to form a joint venture with the GTP Group, to be named 21st Century Wireless Inc., a 'next generation' technology company with several world-wide wireless patents and products that have wide multiple applications. CMI Holdings Group has agreed to acquire a major ownership stake and provide all marketing, distribution and product fulfillment. CMI will share in all phases of income.
“There are some great consumer electronic products leading from this.”stated CEO Ross Rojek, “However, expansion of the patent allows us to move further into the licensing and production of cellular, music and entertainment products. What we don’t sell directly, we will license or sell to other companies and industries.”
The first of these technologies is beginning production. Announcements are forthcoming.
In addition, CMI just announced that Gerald C. Parker has been added to the company's Board. With more than 30 years experience in the development, funding and management of successful companies, Parker is a well-known Internet visionary best known for co-founding Inktomi Corporation (Nasdaq:INKT), developers of scalable network applications and traffic servers.
Over the past three years, Parker and his associates have raised more than $300 million for many start-up companies, including funds for LiquidGolf, one of the Internet's most successful online golf product retailers; Digital2Me; Consortio; American Manufacturers.com, and Inktomi. Parker also founded Credit Information Systems, which was sold to Equifax. He has also served as the Chairman of Investment Management of America, a merchant bank specializing in venture capital, mergers and acquisitions.
Dave Olbrich was also recently added to the Company's Board of Directors. Mr. Olbrich brings almost 20 years of corporate development, management, publishing, and distribution experience from the comic, game, and entertainment industry.
Mr. Olbrich was responsible for conceiving, building, managing and directing of Malibu Comics Entertainment, which was eventually sold to Marvel Entertainment. During his time at Malibu, he served as creator and editor-in-chief of the first business publication for the comic industry. Olbrich's resume includes discovering and publishing highly successful new comic book titles that have captured the attention of Hollywood including, Men In Black, Spawn and Night Man. Men In Black went on to become the 17th greatest US Box Office hit, grossing over $250,000,000. Among other concepts Olbrich published include, Savage Dragon, WildC.A.T.s and Ultraforce, which became animated series and action-figure toy lines. He also founded the industry's most prestigious awards program, The Will Eisner Comic Industry Awards.
CMI Holdings Group
A fast moving company, that is growing through acquisition, joint venture, and internal corporate developments. CMI Holdings will invest in or acquire any company or product in any industry that promises to provide an exceptional opportunity for growth in shareholder value. The Company will provide management expertise in several disciplines (marketing, financial, mergers & acquisitions and venture capital), an environment for synergistic growth. In this pursuit, CMI Holdings Group has become very aggressive.
To learn more about CMI Holdings Group or to be included on the shareholder communication email list, please contact Marc Jablon at Big Apple Consulting USA, Inc. 1-800-546-7950, or contact www.askbigapple.com
The Private Securities Litigation Reform Act of 1995 provides a ``safe harbor'' for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the high-technology industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of CMI Holdings Group, Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and domestic and global economic conditions.
