SOURCE: Metropolis Technologies Corp.

May 05, 2006 09:01 ET

Metropolis Technologies Corp. Announces Its Subsidiary CyberGlobe Has Entered Into a Joint Venture With Rocker's House Ltd.

PORT OF SPAIN, TRINIDAD AND TOBAGO -- (MARKET WIRE) -- May 5, 2006 -- Metropolis Technologies Corp. (OTC: MTPT) announced today that its subsidiary CyberGlobe International Holdings AVV Limited has entered into a joint venture agreement with Rocker's House Ltd.

Under the terms of the joint venture agreement, CyberGlobe will provide Rocker's House with a customized entertainment portal. Rocker's House is the Caribbean Region's premier talent management and booking agency.

The entertainment portal is the first of its kind to be deployed in Trinidad. It will allow Rocker's House to showcase their bands on the internet, and allow local and international agencies to book clients of Rocker's House online. As part of the agreement, CyberGlobe will also provide a white label online ticketing system to Rocker's House.

Bands managed by Rocker's House will be able to integrate an online event management and ticketing system directly into their websites. Bands will have access to real time information regarding ticket sales which will help them plan and provision for the events without surprises. Additionally, bands will be able to communicate with their customers prior to the event.

Rocker's House will manage the contribution of content on its portal, and this content will then be automatically transferred to the Trinidad Portal, and shared with the entire City Portal Network CyberGlobe is creating thereby allowing the bands managed by Rocker's House to have international exposure.

This strategy is in keeping with CyberGlobe's business model of providing high quality products to its customers, with high profit margins.

About Metropolis Technologies Corp.

Metropolis has a vision of improving the way individuals, businesses and governments communicate, create partnerships, develop revenue generating activities, and grow within a community. Our mission is to innovate, bringing people and ideas together to deliver better products, innovative services and unique business opportunities to a global marketplace.

About CyberGlobe International Holdings AVV

CyberGlobe enables e-commerce on a local, national and international basis with an array of interconnected portals. CyberGlobe will become a premier provider of local information in the markets that its Portals serve on topics ranging from events, restaurants and shopping to travel and professional services.

About Rocker's House Limited

Rocker's House is the premiere full service talent agency in the Caribbean. The corner stones of Rocker's House are talent management, talent creation, talent booking, publishing and event management.

This announcement contains forward-looking statements regarding Metropolis Technologies Corp. and CyberGlobe International Holdings AVV. Those statements involve risks and uncertainties, and actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include the future growth of CyberGlobe's user base and public acceptance of Internet services, rapid technological changes in the Internet sector, global developments in the regulation of Internet services. All forward-looking statements are based on information available to Metropolis Technologies Corp. on the date hereof, and Metropolis Technologies Corp. assumes no obligation to update such statements.

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