SOURCE: Cinnabar Ventures, Inc.

Cinnabar Ventures, Inc.

February 12, 2010 08:00 ET

Cinnabar Ventures' Acquisition of Fiber Networks Proves Prescient

FORT MYERS, FL--(Marketwire - February 12, 2010) - In a sign that imitation may be the sincerest form of flattery, Cinnabar Ventures, Inc. ("Cinnabar") (OTCBB: CNBR), the creators of Yippy, a cloud-based applications services environment currently in beta, praised the potential of Google Inc.'s new high speed Internet initiative, revealed yesterday, which parallels Cinnabar's stated strategy of vertically integrated cloud computing services. Earlier this year, Cinnabar announced their intent to acquire US Metropolitan Telecom, LLC, which provides the company with a robust wholly owned metropolitan fiber-optic network throughout southwest Florida, and technology solutions provider Advanced Network Solutions, Inc., in order to fully enable the user experience for the company's Yippy cloud based applications services engine. The company management has long realized that in order to deliver a truly remarkable, content rich, and user friendly web based applications environment that fiber based network and data services would be a key enabler to that vision.

"Indications from the press that Google intends to integrate a fiber network and internet service provisioning is an interesting wrinkle in their approach to the cloud/search market thus far," stated Richard Granville, Chief Executive of Cinnabar. "When a company like Google does this, it represents a quantum shift in industry thinking and trends. The acquisitions that Cinnabar has announced will afford us the ability to offer the applications services engine, client browser, content, advertising, communications infrastructure (including fiber and wireless), service, support, consultation, and maintenance for a vertically integrated cloud computing solution. We are ahead of the game and there is much more to come from our team."

"We were fortunate to have formed significant relationships with our imminent acquisitions that deliver established assets to this market opportunity. These are assets that others will have to collect and integrate while we move swiftly ahead with these capabilities already in hand," adds Granville. "Combined with the experienced management that joined us, Cinnabar has established a highly visible and viable footprint in this burgeoning industry. The bystanders that thus far have taken a 'wait and see attitude' with us should carefully consider the ramifications of not quickly engaging with a team that intends to rapidly and successfully capitalize on our first mover advantage and execute on a set of ground breaking initiatives."

About Cinnabar Ventures, Inc.

Based in Fort Myers Florida, Cinnabar Ventures, Inc.,, is a new economy technology company that develops technologies and application services environments for both Consumer and Commercial market segments.

Forward-Looking Statements

Pursuant to The Private Securities Litigation Reform Act of 1995: The statements in this press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. We assume no obligation to publicly update or revise any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release, even if new information becomes available in the future. Additional information on risks and other factors that may affect the business and financial results of Cinnabar Ventures, Inc. can be found in the filings of Cinnabar Ventures, Inc. with the U.S. Securities and Exchange Commission.

Contact Information

    Nancy Tamosaitis-Thompson
    Vorticom, Inc.
    Email Contact


Keyword Cloud

View Website