Pubmatic, Inc. (NASDAQ:PUBM)

WEB NEWS

Thursday, September 30, 2010

Research

Although Public Media does not fit the GeoTeam's investments criteria, we will alert investors, who have an interest the in the self-service kiosks market in which digital media content is provided to consumers, of this company.  The stock has been on the move of late; maybe over hyped. Investors shroud be aware that the company is likely several quarters away from profitability, is going up against some formidable competition and  will access the capital markets:

As of May 31, 2010, the Company had a cash balance of $15,674. The Company does not currently have sufficient cash on hand to satisfy its operating costs and continued development efforts, and will need to raise additional capital. The Company anticipates raising funds through debt, convertible debt, or through the sale of equity. However, there can be no assurance as to whether, when, or upon what terms the Company will be able to consummate any financing. The Company may also raise capital from third parties to fund specific television, film and other projects.

Other stocks in this industry include:

Leader: Coinstar Inc (NASDAQ:CSTR)

Global Axcess (OTC BB:GAXC), a past GeoSpecial that never panned out


Thursday, May 13, 2010

Reverse Merger Activity

EntertainmentXpress goes public via a reverse merger.

LOS ANGELES, CA, May 05 (MARKET WIRE) -- Public Media Works, Inc. (OTCBB: PUBM) announced today that they have completed the share exchange agreement with EntertainmentXpress, Inc. Under the terms of the share exchange agreement, as of the closing on May 4, 2010, Public Media Works has acquired the outstanding stock of EntertainmentXpress in exchange for Public Media Works' agreement to issue 13,685,755 shares of its common stock to the former EntertainmentXpress shareholders.

EntertainmentXpress is in the business of renting and selling movies, games and more through kiosks located in quick-serve food locations, grocery stores and other high-traffic, public venues. The company recently announced EntertainmentXpress' contracts with Pizza Hut and Popeyes franchisees.

"I am pleased to announce that we have closed this important transaction which now allows us to pursue a roll out of a network of self-service kiosks which deliver demographically relevant digital media content to consumers under a public company umbrella," said Garrett Cecchini, newly appointed CEO of Public Media Works.

In connection with the closing, Garrett Cecchini was appointed as the company's Chief Executive Officer, Larry Gitlin was appointed as the company's President and Chief Operating Officer, and Mark Smith was appointed as the company's Chief Financial Officer. Additional information regarding EntertainmentXpress, the EntertainmentXpress acquisition, and the transaction documents, will be provided in the company's Form 10-K which the company plans to file with the U.S. Securities and Exchange Commission on or before May 10, 2010.

"We are attempting to change the way in which consumers discover and gain access to new and desirable film, video game and other media," concluded Cecchini. EntertainmentXpress will now operate as a subsidiary of Public Media Works.



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