SOURCE: Mobile Media Unlimited

December 02, 2008 10:25 ET

Veridigm Completes Acquisition of Mobile Media Unlimited

MMU Reports Successful Test of Cutting-Edge "Web-Only" Campaign

LONDON--(Marketwire - December 2, 2008) - Veridigm, Inc. (PINKSHEETS: VRGD), a UK-based investment Company, is pleased to provide a shareholder update of Veridigm and security holders of Mobile Media Unlimited, Inc. (MMU).

Gary Freeman, President, commented: "Our acquisition of MMU is now complete. The principals and majority security holders of MMU closed on the controlling stakes of Veridigm equity in late November. MMU continues to raise significant interest in the trade by landing key accounts for MMU's innovative services. MMU has also completed successful beta trials of the MMU 'web-only' unique campaign platform. We expect record breaking growth and revenues for 2009."

Shulman and Associates LLC ("S&A"), a Boca Raton-based merchant banking boutique advising Veridigm on growth strategies, stated: "The preparations that we foresaw for Veridigm and MMU took longer than anticipated. S&A has a proven track record in helping companies succeed financially. S&A has assisted MMU with new clients as well as securing capital."

MMU is a leader in mobile marketing technologies. Utilizing proprietary state-of-the-art marketing solutions and our unique ability to reach millions of new consumers simultaneously. Our SMS text messaging targeted E-mail delivery and specialized lead generation systems are without global peer. With our extensive international "OPT-IN" DATA inventory, MMU strives to stay ahead of the curve, giving our clients a seamless delivery solution and the highest quality of customer service. In addition we have successfully beta tested, and are launching BLUE-TOOTH broadcasting. MMU can communicate with our target audiences, via mobile phones, PDAs and automobiles equipped with BLUE-TOOTH devices. This form of advertising, as of yet, has not been fully exploited in the United States.

Forward-Looking Statement: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance.

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