LONDON, Aug. 11, 2010 (GLOBE NEWSWIRE) -- Mobile Media Unlimited Holdings (Pink Sheets:MMUH) releases its share structure as of today as part of an initiative to maximize overall transparency, accessibility and shareholder relations.
Enable CEO David Lovatt comments, "This is an exciting time for Enable, our subsidiary, as we've achieved a solid base of worldwide clients and white label partners over the last few months in our service model which provides comprehensive and secure email management and SaaS solutions for companies worldwide. We are confident that this initial success will result in continued progressive success, as we have a number of strategic partners and relationships which foster exponential growth."
He continues, "It's crucial that as we experience these successes, that we also remain progressive in our outreach to the general public, particularly existing and prospective shareholders, in line with a core foundation of transparency and communication."
The company is presently preparing documents including up-to-date Disclosure and Information filings as well as its most recent financials to qualify for OTC Markets' Current Info Tier. OTC Markets has implemented a strict information reporting system for non-reporting companies and rates them in accordance to transparency elements from Caveat Emptor to Current Information for Pink Sheets companies (http://www.otcmarkets.com/otcguide/investors_market_tiers.jsp), the Current Info tier being the highest with requirements including Initial Disclosure and Information statements, current share structure, current financials and an attorney letter verifying financial information submitted.
Mr. Lovatt stated: "Our current share structure as of July 30th, per our Transfer Agent is as follows:
Authorized Shares: 5,000,000,000
Outstanding Shares: 2,322,390,046
Public Float: 622,390,046
"It is important to note that 1.7 billion of the outstanding shares are restricted shares and held by senior officers of the company."
The company will be furnishing documents to OTC Markets immediately upon completion and will update shareholders on its status as it occurs.
Enable Software is a Software as a Service enablement provider that enables software vendors to bring SaaS solutions to market. Enable Software specializes in email management software solutions and exclusively works with IT Service Providers to furnish them with the very latest in email management solutions for the modern marketplace. The company has contracts worldwide including Asia, Europe, Australia and India, among others.
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements as a result of various factors and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place under reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Mobile Media Unlimited Holdings and Enable Software take no obligation to update such statements.