TMM, Inc. Completes Subscription Offering to Private Investors
14 Fevereiro 2013 - 12:30PM
Marketwired
TMM, Inc. (PINKSHEETS:TMMI) ("TMMI") or (the "Company") is pleased
to announce that the Company has successfully completed its
Subscription Offering which was initiated in May, 2012 for private
investors and which has raised $1,830,000 U.S. for the Company. The
$0.10 per Unit offering consisted of one share of TMMI common stock
and one Warrant to purchase one additional share of TMMI common
stock at $.15 per share within three (3) years.
The Company will use the Subscription proceeds to further
modernize and commercialize the TRUDEF (TM) codec technology. The
Company will vigorously protect its interests in the VDK 1.0 to 1.4
Fractal codec purchased in 1993 from Iterated Systems Inc. and a
later version of the codec in the acquisition of Digital Focus Inc.
in 2012.
The Company's immediate goal is to complete the modernization of
its TRUDEF(TM) technology and to incorporate TRUDEF(TM) into a
myriad of commercial products to meet the demands of the
exponentially expanding high definition video market.
ON BEHALF OF THE TMMI BOARD OF DIRECTORS OF TMM, INC.:
GERARD V. CAVANAUGH, CHAIRMAN AND PRESIDENT
For more information, please visit the Company's Website at
http://www.tmmi.us.
Safe Harbor Statement
The information in this release contains forward-looking
statements which involve risks and uncertainties, including
statements regarding the Company's capital needs, business strategy
and expectations. Any statements contained herein that are not
statements of historical fact may be deemed to be forward-looking
statements, which may be identified by terminology such as "may",
"should", "will", "expect", "plan", "intend", "anticipate",
"believe", "estimate", "predict", "potential", "forecast",
"project", or "continue", the negative of such terms or other
comparable terminology. Readers should not rely on forward-looking
statements as predictions of future events or results. Any or all
of the Company's forward-looking statements may turn out to be
wrong. They can be affected by inaccurate assumptions, risks and
uncertainties and other factors which could cause actual events or
results to be materially different from those expressed or implied
in the forward-looking statements. Factors may cause the Company's
actual results to differ materially from any forward-looking
statement. In addition, new factors emerge from time to time and it
is not possible for the Company to predict all factors that may
cause actual results to differ materially from those contained in
any forward- looking statements. The Company disclaims any
obligation to publicly update any forward-looking statements to
reflect events or circumstances after the date of this document,
except as required by applicable law.
Contacts: TMM, Inc. 118 School Road Wilmington, DE 19803 1-800
821-9877info@tmmi.us www.tmmi.us
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