October 23rd, 2002 - Andromeda Media Capital Corporation ADACF - Andromeda is pleased to announce it has formed a licensed partnership with the Nevadabased firm of North American Media Ltd. (NAM) through e-commatrix.comâ inc., its wholly-owned subsidiary.
As part of its Licensed Partner Network, e-commatrix.comâ inc. will provide NAM with complete eBusiness programming and Web development services. This partnership allows e-commatrix.com® inc. to offer its ecmSuiteTM of hosted business applications to a substantial customer base in the southwestern United States through NAM’s network of clients. To date, e-commatrix.comâ inc. has formed key partnerships with several national and international firms. By 2006, over 100 licensed partners will be selling the ecmSuiteTM that includes over 30 proprietary applications. e-commatrix.com® inc. and its Licensed Partner Network will also collectively deliver over 1,000 clients, generating $170-million in revenue.
Located in Las Vegas, Nevada, with additional offices and studios in Idaho Falls, Idaho, North American Media Ltd. is widely recognized as a media management company specializing in strategic media planning and state-of-the-art media production. NAM currently services a specialized cross section of companies in the healthcare, casino & gaming, financial, and legal services industries.
“e-commatrix is the answer to our firm's search for an eBusiness growth opportunity that preserves our capital and operating funds,” says Bert Hansen, President, North American Media Ltd. “Having been involved with interactive Web site development since the mid- 90's, the cost of tools and IT staffing has become increasingly expensive for us. Now with ecommatrix, we will have the development resources and products at our disposal, not to mention the resulting profits as we expect sales opportunities to reach seven figures over the next three years.”
“We are honored to form this partnership with a firm of North American Media’s stature,” says Albert Iannantuono, President & CEO, e-commatrix.com® inc. “North American Media has a strong reputation for delivering exceptional value-added services to its clients and we’re proud to have it representing our ecmSuiteTM of cost-effective turnkey applications in the burgeoning American ASP market.”
Andromeda, through its wholly-owned subsidiary, e-commatrix.comâ inc., will be focused on providing breakthrough eBusiness and eCommerce proprietary products and services. e-commatrix.comâ inc. offers proven Internet marketing, commerce and business applications through an Application Service Provider model (ASP) with a particular emphasis on the needs of Small- and Medium-sized enterprises (SMEs).
Issued and outstanding capitalization as at August 6, 2002 – 29,000,000 common shares.
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