NEW
YORK, Nov. 7, 2022 /CNW/ - MiMedia Holdings Ltd.
(TSXV: MIM) ("MiMedia", "Company") is pleased to announce a signed
global Distribution Agreement (the "Agreement") with PCD LLC
("PCD").
PCD is a world leader in the wireless industry, providing
complete solutions to mobile operators, retailers and
distributors. The brand first launched in the Latin American
market in 2008 and today operates in 10 countries worldwide.
PCD has successfully launched more than 500 wireless devices in the
last decade and distributes its product line either directly or via
partnerships with leading telecom providers and other partners.
MiMedia is a next generation consumer cloud platform that
partners with smartphone makers and telecom carriers globally to
provide their partners' consumers with a unique personal cloud
experience that enables all types of personal media to be secured
in the cloud, accessed seamlessly, across all devices and operating
systems and at any time.
As a partner, MiMedia's consumer cloud platform will provide PCD
with a sticky or churn-reducing product, immediate market
differentiation and multiple high-margin, recurring revenue
streams. As part of the multi-year Agreement, MiMedia will
integrate its platform directly onto a projected 2 million PCD
mobile devices over the course of two years.
"We are excited to partner with PCD, a company that delivers
excellent mobility products, works with world class partners and
provides its customers with a first-rate experience and value
proposition. Having MiMedia's next generation consumer cloud
platform be part of PCD's mission and distribute in their large
target markets delivers a meaningful opportunity for us to grow
further, particularly in the key and strategic market of
Latin America", says Chris Giordano, CEO of MiMedia.
About PCD: PCD LLC is a world leader in the wireless
industry that provides complete solutions to mobile operators,
retailers and distributors. The brand was introduced in the Latin
American market in 2008 and currently headquartered in Orlando, Florida. The company operates in 26
countries worldwide. PCD manages the entire product life-cycle
management of wireless device, from product development to
distribution, warranty, repair and secondary sales channels in
selected markets. The company has successfully launched more than
500 wireless devices in the last decade.
About MiMedia: MiMedia Holdings Inc provides a
next-generation consumer cloud platform that enables all types of
personal media to be secured in the cloud, accessed seamlessly at
any time, across all devices and on all operating systems. The
company's platform differentiates with its rich media experience,
robust organization tools, private sharing capabilities and
features that drive content re-engagement. MiMedia partners with
smartphone makers and telecom carriers globally and provides its
partners with recurring revenue streams, improved customer
retention and market differentiation. The platform services
millions of engaged users around the world.
Notice regarding forward-looking
statements: This release includes forward-looking
statements regarding MiMedia, and their respective businesses,
which may include, but is not limited to, statements with respect
to the completion of a Transaction, appointment or any other
decision made by the business. Often, but not always,
forward-looking statements can be identified by the use of words
such as "plans", "is expected", "expects", "scheduled", "intends",
"contemplates", "anticipates", "believes", "proposes" or variations
(including negative variations) of such words and phrases, or state
that certain actions, events or results "may", "could", "would",
"might" or "will" be taken, occur or be achieved. Such statements
are based on the current expectations of the management of MiMedia.
The for-ward-looking events and circumstances discussed in this
release, may not occur by certain specified dates or at all and
could differ materially as a result of known and unknown risk
factors and uncertainties affecting the companies, including risks
regarding the MiMedia industry, failure to obtain regulatory or
shareholder approvals, economic factors, the equity markets
generally and risks associated with growth and competition.
Although MiMedia have attempted to identify important factors that
could cause actual actions, events or results to differ materially
from those described in forward-looking statements, there may be
other factors that cause actions, events or results to differ from
those anticipated, estimated or intended. No forward-looking
statement can be guaranteed. Except as required by applicable
securities laws, forward-looking statements speak only as of the
date on which they are made and MiMedia undertakes no obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future events, or otherwise.
SOURCE MiMedia