SOURCE: Mobile Media Unlimited

October 21, 2008 13:17 ET

Veridigm to Acquire Mobile Media Unlimited Inc.

LONDON and FORT LAUDERDALE, FL--(Marketwire - October 21, 2008) - Veridigm, Inc. (PINKSHEETS: VRGD) (FRANKFURT: VRGD) (STUT: VRGDSG) (XETRA: VRGD), a UK investment Company (the "Company"), today announced merchant banking & transaction management of the Memorandum of Understanding ("MOU") to acquire 100% of the equity, assets and liabilities of Mobile Media Unlimited Inc. ("MMU") (a Nevada Corp) in an all stock transaction to be closed during November 2008. Veridigm, Inc. (a Delaware Corp) will be renamed after the Closing.

Veridigm President Gary Freeman stated, "MMU's groundbreaking web-to-cell advertising technologies include targeted marketing, mobile content production and important new delivery technologies, which will add strategic advantages and new revenue streams to our overall businesses. MMU presently serves a prestigious client lineup including, but not limited to, AT&T, Fujitsu, 1-800-Flowers, Sirius, Playboy Store and Sky Mall."

About Mobile Media Unlimited Inc.

MMU is positioned to be the leader in mobile marketing. Utilizing proprietary state of the art marketing solutions and our unique ability to reach millions of new consumers simultaneously is MMU's core competency. Our SMS text messaging targeted E-mail delivery and specialized lead generation systems are without peer. Along 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 available in the industry. In addition we have successfully beta tested, and are launching BLUE-TOOTH broadcasting. MMU can now 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.

MMU has created a cellular based advertising platform which can strategically deliver content to cellular phones and wireless PDAs. MMU uses this wireless platform to sell wholesale blocks of advertising space on its servers to advertising agencies and other promoters at wholesale rates for use in their clients' campaigns.

"With this business combination we now have access to the Capital markets both here and abroad. MMU is now positioned for exceptional growth as well as the capability to make strategic acquisitions," said Anthony Sasso, Founder/CEO. "Our focus remains, as it always has, to utilize all of the resources available to continue to be the leading player in the Mobile Marketing business."

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About Veridigm, Inc.

Veridigm is a UK based investment company that provides merchant banking services to niche private and specific microcap public companies seeking debt and equity capital and/or to be part of a diversified, equitable, resource sharing, business combination. Specifically, the Company identifies specific private and public companies and assists them with managerial, accounting and financial advice and assists in refinance and / or raise adequate capital by introducing potential investors and lenders. The Company's policy is to calculate its voting capacity on a fully diluted basis. The Company at all times will conduct its activities in such a way that it will not be deemed an "investment company" subject to regulation under the 1940 Act.

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

Contact Information

  • Contact:
    247MGI, Inc.
    Matt Dwyer
    Chairman and CEO
    Email Contact

    Public Relations
    Andrew Wilcox
    888 646 5677

    Mobile Media Unlimited, Inc.
    Email Contact