GOLDEN, Colo., Sept. 17, 2007 (PRIME NEWSWIRE) -- HumWare Media Corporation (Pink Sheets:HMWM) is pleased to announce that the Company has received payment from Watch It Technology, (Pink Sheets:WTCT), so the Company can issue the dividend to all shareholders of record as of August 15, 2007. The distribution of the restricted stock dividend will begin on September 18, 2007.
The delay in issuing the dividend was due to the increased demand for HumWare Media Corporation stock prior to August 15, 2007, which increased the amount of shares that had to be paid to HumWare shareholders of record. The Company received shares of Watch It Technology, Inc. as payment for the sale of the international rights to market and sell the Boondoggle Sports Network (BSN) to Evans Systems.
Shareholders holding physical certificates in HumWare Media Corporation are required to email either their tax identification or social security number to info@humware.com. This information will insure the proper payout of the restricted stock dividend. Watch It Technologies has been strongly marketing HumWare's digital signage networks to over 50,000 pubs and bars in the United Kingdom. HumWare Media Corporation will also develop and maintain the "backbone" technology for the Child Watch Network. The Child Watch Network is a wholly owned subsidiary of Watch It Technologies, Inc.
"We are pleased to reward our shareholders with the payment of the Watch It Technologies dividend. The relationship between HumWare Media Corporation and Watch It Technologies will showcase our technology on the international stage, which will continue to provide increased value to our shareholders," stated John Huemoeller, CEO of HumWare Media Corp.
About HumWare:
HumWare Media Corporation develops and operates unique digital signage networks including Boondoggle Sports Network, 19thHole.TV and Child Watch Network. The Company also operates various fantasy sports contests and sells sports memorabilia through its wholly-owned subsidiary Timeless Sports Inc.
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.