SOURCE: Trimax Corporation

April 17, 2007 08:30 ET

Trimax Corporation Signs LOI for Acquisition of Cybersonics Technologies Inc.

TORONTO -- (MARKET WIRE) -- April 17, 2007 -- Trimax Corporation (OTCBB: TMXO), providers of Broadband over Power Line (BPL) communication technologies which transform a building's electrical wiring and all electrical outlets into a high-speed broadband network, announced today that it has signed a letter of intent for the acquisition of Cybersonics Sound Technologies Inc. Trimax anticipates the acquisition to close within the next four weeks.

By acquiring Cybersonics, a revenue producing company, Trimax/PLC gains an experienced management and operations team with expertise developing international corporate broadcast networks and customized advertising for shopping centers, large retailers, auto dealerships and the hospitality industry. Cybersonics has over a decade of R&D expertise developing proprietary software and hardware communications technology for 'turn-key' web-based private broadcast networks.

Founded in 1994, Cybersonics is privately held with a unique and focused experience in corporate audio and visual communications. Cybersonics provides site-specific, customized, real-time content that enables marketers to brand, target and communicate more effectively with the public using fully integrated Point of Purchase and Multi-Media Marketing Systems. With over a decade of profitable business behind them, Cybersonics operates from its offices and digital studios in Mississauga, Ontario. Cybersonics works in partnership with its clients, from the design, manufacture and installation of systems through the creation, production, scheduling and distribution of media.

"By introducing Broadband over PowerLines as an internal distribution platform for Cybersonics' custom multi-media management solutions, we have created an evolutionary breakthrough in our ability to quickly and inexpensively install communication networks," said Jim Addario, founder and CEO of Cybersonics. "BPL connectivity allows us the ease, flexibility and option of installing components such as Digital Signage on an isolated network, separate from the main PoS and inventory systems if required. This can be accomplished in virtually any location that has an electrical circuit, eliminating the expense and disruption of running cable drops. By using BPL, a proven, innovative and scalable IP platform, to network real-time managed point-of-purchase marketing systems, Cybersonics achieves significant efficiencies and is better positioned to deliver rapid, low-cost, fully integrated marketing and communication networks to our existing clients and capitalize on many 'price sensitive' opportunities we have been cultivating," Addario added.

The digital signage industry has reached the stage in its evolution where marketers, retailers, government, entertainment and other public venue managers are starting to realize the impact and efficiencies that dynamic signage is having now and will have in the future, and they are quickly getting with the times. From its current level of $10.8 billion, Industry analysts expect the worldwide market for digital signage and professional displays will grow to $12.7 billion by 2010. (source: isuppli Corporation)

Derek Pepler, President and CEO of Trimax, stated, "We are very excited about the union of Trimax and Cybersonics. We have been working closely together since 2006 and realize the possibilities of being able to leverage each other's expertise, technology, resources and relationships to execute our joint strategic plan. The synergies of both company's technologies will combine to offer our clients a customized feature-rich, versatile, portable and cost-effective IP networked applications bundle. We offer one stop shopping for plug-and-play networked digital signage, media content management, internet connectivity, point-of-sale systems, VoIP telephones, surveillance cameras, kiosks, wireless access points, alarm systems, energy monitoring and meter reading systems that are customized across a number of industries. We look forward to delivering on the promise of this acquisition and building value for our shareholders."

About Trimax / PLC

Trimax and its wholly owned subsidiary, PLC Networks Inc., are providers of Broadband over Power Line (BPL) communication technologies. Trimax/PLC specializes in the development, distribution, implementation, and servicing technologies that use the power grid to deliver 128-bit encrypted high-speed symmetrical broadband for data, voice and video transmission. BPL is a disruptive communications technology that transforms the existing ubiquitous power line infrastructure and common electrical wiring in commercial and residential buildings into a high-bandwidth network. Broadband is delivered simultaneously on a single platform, to every electrical outlet throughout the home or business. To connect, users simply plug a modem into any electrical outlet, and plug their computer, phone, security camera or IP device into the modem.

Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's Annual and Quarterly Filings and in its Reports on Forms 8-K filed with the Securities and Exchange Commission (SEC).

For more information please visit (http://www.plcnetworksinc.com/) (http://plcnetsolutions.com/)

Contact Information

  • CONTACT INFORMATION
    Trimax Corporation
    Investor Relations
    Tel: 416-368-4060
    Toll Free: 1-877-368-4060
    Email: info@plcnetsolutions.com