Metamedia Capital Corp.

Metamedia Capital Corp.

March 24, 2009 20:42 ET

Metamedia Capital Corp.: Announces the Development of a Media Consumer Technology

CALGARY, ALBERTA--(Marketwire - March 24, 2009) - Metamedia Capital Corp. (TSX VENTURE:MME) (the "Corporation") is pleased to announce that it has joint ventured with Home Server Magic Inc. a company, of Calgary, Alberta and also Siconix Inc. of Calgary, Alberta an electronics product and prototype development company. Together, they will bring to the consumer market a soon to be patented electronic device that will stream media content including movies, audio files and pictures to specific technology enabled home appliances such as Televisions, DVD players, PVR's, stereo receivers.

Also, a non-brokered Private Placement will be offered by the Corporation where 2,500,000 units priced at 5 cents with one common share and one common share purchase warrant exercisable at 10 cents for a period of 24 months from the issuance date. The Shares, to be issued pursuant to the Private Placement will be subject to a four month hold period from the date of closing.

The Private Placement is subject to final approval from the TSX Venture Exchange.

The proceeds will be used to finance the development of the afore mentioned technology and for general working capital purposes.

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

Contact Information

  • Metamedia Capital Corp.
    Mr. Harry Diamantopoulos
    President and CEO
    (403) 710-2222