Welland, ON., June 18, 2004 – Andromeda Media Capital Corporation Limited announced today that its wholly owned subsidiary, e-commatrix.com® inc., has opened a U.S. Corporate Business Development office through its Kansas business development partner, InQuest Analytics Group.
InQuest Analytics Group will become e-commatrix.com’s first U.S. Corporate Business Development office and help to source and service new ecm licensed partners. e-commatrix.com® inc., an eBusiness and marketing technologies services provider, and creator of the ecmSuite™ of products, sources licensed partners who re-sell their solutions to their own clients and prospects.
“Since our inception, e-commatrix.com has had a solid U.S. presence through our licensed partner network,” said Albert Iannantuono, President, e-commatrix.com® inc. “A growing demand for our products in the U.S. has now given us the opportunity to officially open a U.S.-based business development office that will allow us to provide better service to all of our licensed partners. This partnership also lets us expand our licensed partner network more quickly while providing our partners with access to some versatile new products.”
“We have been working with e-commatrix.com on a number of projects since early in the new year and found that they are a natural fit to our products and to our business model,” said Dave Wilson, Partner, InQuest Analytics Group. “We are proud to be part of the ecm team and see great opportunities for future growth for both of our companies.” InQuest Analytics Group provides database analysis and marketing services to companies across a wide spectrum of industries including grocery retail, food manufacturing, building materials retail, veterinary diagnostics, national sporting goods retail and financial services.
InQuest Analytics Group markets their analytics servic es through a channel partner network similar to the model employed by e-commatrix.com inc. InQuest Analytics Group’s products will now be integrated into, and marketed through, the ecmSuite™ of products. This will result in new products, e.g. ecmAnalytics – a tool that will allow marketing agency partners to add customer relationship management (CRM) to their service offerings. InQuest will focus on introducing their expanded capabilities from this partnership through their existing network and will work closely with e-commatrix.com inc. to source additional licensed partners and expand the e-commatrix.com inc. licensed partner network.
Andromeda, through its wholly owned subsidiary, e-commatrix.com® inc., is focused on providing breakthrough eBusiness and eCommerce proprietary products and services. These products are introduced to market through an international network of licensed partners as complimentary product lines to their existing solutions, and under a progressive revenue-sharing model. e-commatrix.com® inc. aggressively sources new partners worldwide.
Issued and outstanding capitalization as at April 1, 2004 - 3,395,472 common shares. No stock exchanges have reviewed or accepted responsibility for the adequacy or accuracy of the content of this press release.
Certain statements contained herein constitute forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and 21E of the Exchange Act of 1934. Such statements include, without limitation, statements regarding business and financing, business trends, and future operating revenues and expenses. Statements regarding the aforementioned are based on several assumptions and are not to be considered fact. Although Andromeda Media Capital Corporation Limited and e-commatrix.com® inc. believe that the statements are reasonable, it can give no assurances that such expectation will prove to be correct. Investors are cautioned that any forward-looking statements made by Andromeda Media Capital Corporation Limited or e-commatrix.com® inc. contain no guarantee of future performance and that actual results may differ materially from those set forth in the forward-looking statements. For additional information see the reports filed by the company in its securities filings with applicable securities regulators (currently available at www.sedar.com). Unless otherwise required by applicable securities laws, Andromeda disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.