BAY CITY, Mich. and TORONTO, Aug. 4, 2003 (PRIMEZONE) -- Ugomedia Interactive Corp. (Name change to Sciax Corp. pending) (OTCBB:UGMI) has been selected as the supplier of precision optical imaging equipment by a major Canadian mining corporation.
Chairman and CEO Nitin Amersey stated, "This sale clearly establishes Sciax as not only a key supplier to military and law enforcement but also to the massive industrial market." He added, "We look ahead to many other key sales both from our Defense division and our Industrial division."
"Sciax is integrating part of the Richard Wolf product range into the defense business both in Canada and internationally," stated Dave Howlett, Vice President, sales and marketing.
As well as being an emerging leader in the law enforcement and defense sectors, Sciax is also the exclusive distributor in Canada for industrial remote visual inspection instruments manufactured by Richard Wolf GmbH, a well-known German optical supplier. Sciax markets these products to a wide range of industrial customers in manufacturing, aviation/aerospace, oil and gas, power generation and mining.
About Sciax
Sciax is an emerging leader in counter-terrorism, law enforcement and defense optical imaging systems. Sciax America Inc. & Sciax Technology Inc. are 100% owned subsidiaries of UGOMEDIA INTERACTIVE CORPORATION (A NASDAQ OTCBB/Ticker UGMI). A name change from UGOMEDIA INTERACTIVE CORP. to SCIAX CORP. is pending.
Sciax is the manufacturer of the SeCam - part of the Tactical Remote Viewing System (TRVS) which is used by a number of law enforcement and defense units across the globe including the Los Angeles Police Department SWAT Team, Canadian Customs, German Government and the US Military.
Safe Harbor Statement
This release contains forward-looking statements with respect to the results of operations and business of Sciax Technology Inc., Sciax America Inc. and Ugomedia Interactive Corp. which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports. The company intends that such statements about the Company's future expectations, including future revenues and enforcement and defense optical imaging system earnings, and all other forward looking statements be subject to the "safe harbors" provision of the Private Securities Litigation Reform Act of 1995.