July 10, 2003 - Andromeda Media Capital Corporation announces the resignation of Board Director, Bill Cram, effective immediately. Cram had served on the Board of Directors since September 2002 and had shared his software and design expertise with Andromeda prior to his resignation.
“While Mr. Cram will be leaving us in an official capacity, we will be able to retain his professional advice on matters going forward,” said Albert Iannantuono, President, Andromeda Media Capital Corporation. “We wish him the best in his future endeavours.”
“Business pressures and lack of appropriate time brings me to this conclusion,” said Cram. “As always, I am available to Andromeda for discussions and advice. I believe the group will persevere and achieve ultimate success.”
Current Andromeda Board members include: Albert Iannantuono, founder and majority shareholder, and Brent Buma, Director. The Directors are supported by a working Advisory Board with international exposure and solid experience in the fields of software development, agency development, marketing and international business.
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 June 30, 2003 – 29,873,500 common shares.
No stock exchanges has 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 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 or e-commatrix.com inc. contain no guarantee of future performance and that actual results may differ materially from those set forth in the forwardlooking 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.