GOLDEN, Colo., Aug. 16, 2007 (PRIME NEWSWIRE) -- HumWare Media Corporation, (Pink Sheets:HMWM) today announced its wholly owned subsidiary Timeless Sports Inc., intends to launch franchise sales of its Timeless Sports retail store concept. The Company has filed for a Registered Trademark with the U.S. Patent and Trademark Office and is preparing its UFOC.
"This announcement marks our expansion of becoming a major national retail franchise operation," commented John Huemoeller II, CEO of HumWare Media Corporation. "America's passion for their favorite sports memorabilia is a $2 billion industry, and we believe we can capture one (1%) of that market based on the success that our initial store has provided."
Timeless Sports opened its first retail store in the Flat Irons Mall, just outside of Denver, CO in August, 2006 and has produced positive EBITDA on sales of $270,000 throughout the first 12 months of operation. Timeless plans to sell 72 franchises and open 54 additional Company-owned stores in major population centers in the U.S over the next 24 months. Timeless will offer franchisees the ability to secure the exclusive rights to sell sports memorabilia under our umbrella of related services including online sales, a customized Certificate of Authenticity system and exclusive autograph appearances for fans to meet and obtain autographs from current professional athletes and retired legends.
"We believe that our planned national franchise development of the Timeless Sports brand offers both potential franchisees and the Company tremendous opportunity," added Jason Patterson, President of Timeless Sports.
HumWare recently announced that Timeless Sports has signed a three-year Official Autographed Memorabilia Agreement with the Denver Broncos.
For more information on Timeless Sports and its products please visit: www.timeless-sports.com.
About HumWare Media Corporation:
HumWare Media is an emerging out-of-home "new media" advertising/marketing company operating various digital signage networks including Boondoggle Sports Network. The Company also operates unique online fantasy sports contests and sells sports memorabilia through its wholly-owned subsidiary Timeless Sports.
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 and partnerships, the effect of economic business conditions, and the ability to attract and retain skilled personnel. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. 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.
This franchise is not being offered to any residents of the following states: CA, CT, FL, HI, IL, MD, MI, MN, NY, ND, RI, SD, UT, VA, WA and WI. This communication is not directed to any person in the states listed above by or on behalf of the franchisor or anyone acting with the franchisor's knowledge. No franchises can be offered or sold in the states listed above until the offering has been registered and declared effective by the appropriate regulatory authority. No franchises can be offered or sold in any state unless the UFOC has been delivered to the offeree before the sale within the applicable time frame. This franchise is offered only by delivery of a franchise offering circular.