Yeahronimo Media Ventures Inc. (YMV), a private company and leading creator of digital media services and software, today announced it has entered into a contract to merge with Tensleep Technologies, Inc. . Tensleep Technologies is a majority owned subsidiary of Tensleep Corporation , Austin, Texas, a business and corporate development company.
The shareholders of Yeahronimo Media Ventures, Inc., a Delaware corporation, have sold the Company to Tensleep Technologies, Inc. in exchange for newly issued stock of Tensleep Technologies, such that the prior stockholders of Tensleep Technologies, including the formerly dominant stockholder Tensleep Corporation, now hold only a 7 percent interest in Tensleep Technologies. A Colorado corporation, Tensleep Technologies intends shortly to change its name to Yeahronimo, Inc., and a new ticker symbol is expected to be announced.
Consumers have used the services of YMV since it was founded in 2001 to find, play, purchase and manage digital content, including music, video and games. In addition, broadcasters, network operators, media companies and enterprises use YMV products and services to create and deliver digital media to PCs and consumer electronics devices.
YMV is a pioneer in the development of technology for the transmission of digital media over the Internet and has used its technology to create a large base of consumers, network operators, and content owners who use YMV products and services to create, send and receive paid content. YMV will continue to create, package and market digital content directly to consumers and will supply the underlying technology and business-to-business services to content owners, enterprises and network operators.
"Our objective is to become a major player for full digital content and distribution as well as downloads with internationally known brand names through our exclusive brand, Commodore," said Mike Freni, President. Yeahronimo Media Ventures was originally founded in The Netherlands and its corporate headquarters is now in Beverly Hills, CA.
(The statements in this news release that are not historical facts or statements of current status are forward-looking statements [as defined in the Private Securities Litigation Reform Act of 1995] that involve risk and uncertainties. Actual results may differ widely.)
For further information please contact: Mike Freni, President of Yeahronimo Media Ventures Inc., +1-213-379-0540. Yeahronimo Media Ventures Inc.
CONTACT: Mike Freni, President of Yeahronimo Media Ventures Inc.,+1-213-379-0540
Source:
boerse.de and
comp.sys.cbm
