Metamedia Capital Corp.

Metamedia Capital Corp.

March 20, 2006 12:21 ET

Metamedia Capital Corp. and COSMOTELCO S.A.: News Release

CALGARY, ALBERTA--(CCNMatthews - March 20, 2006) - Metamedia Capital Corp. (TSX VENTURE:MME) (the "Company") is pleased to report the Company has entered into a Memorandum of Understanding with COSMOTELCO S.A. of Glifada, Athens, Greece.

The Memorandum provides for the establishment of a trial period of the Company's technologies for the purposes of the Telephone Services provider. Consequent to the trial period, the Intent is to establish a working relationship based upon the use of the Company's technological solution.

The technologies were recently demonstrated successfully to a number of broadcasters and telecommunications corporations, as well as audiovisual content owners seeking new platforms for distribution of their content, in Athens, Greece. The solution can provide Internet-based, Live-Broadcasting and Video On Demand capabilities at very low cost to end-users and inexpensive bundled solutions and services for sale by telecommunications providers.

Metamedia is Greek for "Next-media" and is representative of the current transitional state and integration and convergence of technologies and applications in the media industry, which are at the core of the business model of Metamedia Capital Corporation.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Metamedia Capital Corp.
    Mr. Alexandros Kostis
    (403) 333-3000