NEW YORK, May 11, 2000 (PRIMEZONE) -- Medium4.com(tm) (AMEX:MDM), the home of InternetOnlyTV(tm) announced today that the Company's application for listing its Common Stock and Warrants on the American Stock Exchange (AMEX) has been approved. Effective at 10 am today, Medium4.com(tm)'s Common Stock and Warrants will begin trading on the AMEX under the symbols MDM and MDM.WS, respectively.
"We are very excited to join the growing list of e-businesses and other high tech firms trading on the American Stock Exchange," stated Jonathan Braun, the Company's CEO. "We believe that this listing will result in a significantly higher profile for our Company in the investment community."
Graham Cannon, Medium4.com(tm)'s President, added, "We are looking forward to attracting a greater analyst following as a result of our listing, together with greater institutional interest. The listing will also enhance our presence in global markets, including those in North America, Europe, Asia and South America, areas we are targeting for business development -- exemplified by our recently announced sale of a Master Affiliate License, for 10 countries in Africa and Asia, to the Windfire International Corporation Ltd. for $1.5 million."
The American Stock Exchange is part of the Nasdaq-Amex Market Group and is a subsidiary of the National Association of Securities Dealers Inc., the largest securities-industry, self- regulatory organization in the United States. AMEX is the nation's second-largest and most technologically advanced floor-based exchange, and has a significant presence in common stocks, index shares, and equity derivatives. It is home to a growing list of actively traded index-linked securities (e.g., DIAMONDS, SPDRS, WEBS) and its auction market structure has attracted listings of companies from a wide range of industries.
The Medium4.com(tm) name reflects the transformation of the Internet into the fourth medium for television broadcasting -- after over-the-air TV, cable TV and satellite delivery systems. Across the Company's five networks, and over 50 distinct channels, Medium4.com(tm) is the Internet's leader in producing, aggregating and broadcasting rich, in-depth, on-demand video content unavailable on traditional, cable or satellite television.
The Medium4.com(tm) InternetOnlyTV(tm) networks include ForeignTV.com(tm) (www.foreigntv.com), StreamingUSA.com(tm) (www.streamingusa.com), NicheTV.com(tm) (www.nichetv.com), Medium4Music(tm) (www.medium4music.com) and the recently announced Medium4Latino.com(tm) (www.medium4latino.com). Each of these utilizes Medium4.com's proprietary encoding technology creating a seamless streaming video experience.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Medium4.com's business, which are not historical facts, are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Prospectus and 10K report on file with the SEC.