May 10, 2005 06:01 AM US Pacific Timezone
SunnComm Generates Record Revenue by Including MediaMax on More Than 2 Million CDs for April; At this rate, Q2/05 will generate the largest amount of revenue to date for the SunnComm and MediaMax Technology organizations
PHOENIX--(BUSINESS WIRE)--May 10, 2005--SunnComm International (OTC: SCMI), the most universally accepted and best selling enhancement and content protection technology for CDs in the U.S., is pleased to announce that is has generated more revenue during the month of April than any month in its five year history.
The 2 million+ CDs are based on April billings and do not include current outstanding MediaMax orders in addition to several CD titles already authored and delivered to manufacturing facilities, which will be billed in May and June. For this reason, the second quarter revenues are projected to eclipse any previous quarter in the company's history.
MediaMax Technology Corporation (OTCBB: MMXT) has the exclusive marketing agreement with SunnComm International to sell MediaMax - America's best selling audio CD content protection and enhancement technology. Both companies earn royalties for every disc manufactured containing SunnComm's proprietary copy protection and enhancement software.
"We should be able to carry this revenue momentum right through the summer and continue into the fall and early winter - the busiest season for the record labels," noted Scott Stoegbauer, MediaMax Technology's VP of Sales & Marketing. "Overall sales have begun trending sharply upwards as a direct result of the previously announced rollout plans of our largest record label customers. These units do not include the CD releases of some very well known artists that have begun today (May 10th)." According to SunnComm's President, Peter Jacobs, "Not included in our 2,000,000+ monthly figure is the substantial residual revenue associated with every commercial release from these major artists due to manufacturing reorders of CDs as these popular albums go gold and then quickly become platinum-selling albums. MediaMax technology is recognized by record companies and a growing number of consumers as the 'gold standard' in CD content protection and enhancement technology! What's coming up? Expect more embedded "killer" applications incorporated on the audio CD coupled with our planned rollout to Europe and Asia expected to begin this summer."
ABOUT SUNNCOMM
In just five years, SunnComm International Inc. (OTC: SCMI) has become the leader in digital content enhancement and security technology for audio compact disc media. 2004 was a year of milestones for SunnComm including Anthony Hamilton's "MediaMax'd" CD "Comin' From Where I'm From" achieving platinum status and Velvet Revolver's "Contraband" CD reaching the #1 spot on Billboard's Top 200 Album Chart becoming the world's first number one CD to include content management. "Contraband" also achieved double-platinum status by selling more than 2 million units. Additionally, SunnComm's technology appeared on many other best-selling albums in 2004, some of which have gone gold. The year ended with MediaMax implemented on more than 75 commercially released CD titles across 25 record labels.
MediaMax is mastered directly on the audio CD and is accessible using a personal computer. SunnComm was the first company to commercially release a content-protected audio CD utilizing an early version of the Microsoft Windows Media Data Session Toolkit, and was the first company in America to commercially release a copy-managed audio CD (www.microsoft.com/presspass/press/2003/jan03/ 01-20SessionToolkitPR.asp). (Due to the length of this URL, it may be necessary to copy and paste this hyperlink into your Internet browser's URL address field.) Bonus features include on-board press kits, artist-related promotions, videos, song lyrics, artist bio page, photo gallery, web links and tune-sharing capability through SunnComm's MusicMail(TM) functionality. For more detailed information about the company, its vision or philosophy, personnel, partners, and customers, please visit the company's Web site at www.sunncomm.com, or call the Company directly at (602) 267-7500. For additional information or investor relations please contact:
MediaMax CD3, MediaMax Technology, On-the-Fly Technology, PromoPlay, TuneShare, MusicMail, Secure Burn and SunnComm are registered and/or trademarks of SunnComm International, Inc., in the United States and/or other countries. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
ABOUT MEDIAMAX TECHNOLOGY CORPORATION
MediaMax Technology Corporation (OTCBB: MMXT), formerly QuietTiger, Inc. (OTCBB: QTIG) with its international reach, implements the delivery of digital content security products for the music and entertainment industry. With established long-term industry contacts throughout the world, the company understands the challenges surrounding digital content management and protection. The MediaMax Technology team of professionals has spent more than 50 years in the music and movie industry. MediaMax Technology (www.mediamaxtechnology.com) is the exclusive sales and marketing arm for SunnComm's MediaMax suite of products.
For additional information about the company, its vision, philosophy, partners, and customers, please visit the Company's Web site at www.mediamaxtech.com or contact:
This news release contains predictions, projections and other statements about the future that are intended to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of l995 (collectively, "forward-looking statements"). Forward-looking statements relate to various aspects of the Company's operations and strategies, including but not limited to the effects of having experienced significant losses in the past and the risk that the Company may incur losses in the future; the Company's limited liquidity and significant indebtedness; its sales forecasts for future periods not being attained and the risk that the Company will not conclude additional revenue-generating license agreements covering its content protection and enhancement technologies; the Company's marketing, product development, acquisition investments, licensing and other strategies not being successful; possible future issuances of debt or equity securities; the possible incurrence of significant patent litigation expenses or adverse legal determinations that find our patents not to be valid; new business development and industry trends; the possible need to raise additional capital in order to meet the Company's obligations and most other statements that are not historical in nature. Important factors that could cause actual results to differ materially from those described in the forward-looking statements are described in cautionary statements included in this news release. In assessing forward-looking statements, readers are urged to consider carefully these cautionary statements. Forward-looking statements speak only as of the date of this news release, and the Company disclaims any obligations to update such statements.
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