NEW
YORK, June 27, 2023 /CNW/ - MiMedia Holdings
Ltd. (TSXV: MIM) ("MiMedia", "Company") is
pleased to announce a signed global Distribution Agreement (the
"Agreement") with Quality One Wireless LLC
("Q1").
Founded in 1993 and headquartered in Orlando, Florida, Q1 is a global leader in
wireless distribution, offering streamlined and tailored solutions
to wireless carriers and mobile device manufacturers. Unlike other
wireless industry suppliers, Quality One Wireless LLC manages the
entire wireless device product life cycle from product development
to channel distribution, warranty, repair and second life sales. Q1
has launched over 500 devices in the US market via Tier 1 carriers
and recently purchased the assets of mobile device manufacturer
Personal Communication Devices ("PCD"), a previously announced
signed partner of MiMedia. The combined company operates in 26
countries globally under the Quality One brand.
MiMedia is a next generation consumer cloud platform that
partners with smartphone makers and telecom carriers globally to
provide their 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 part of the multi-year Agreement, MiMedia will integrate its
platform directly onto 10 million mobile devices over the next 24
months, including smartphones and tablets made and/or sold by the
leading mobile carriers and mobile device manufacturers in Q1's
partner eco-system as well as its operating subsidiaries.
MiMedia's consumer cloud platform will provide Q1 and its partners
with a churn-reducing product, deliver immediate market
differentiation and enable multiple high-margin and recurring
revenue streams.
"Q1 is excited to partner with MiMedia and deliver its unique,
best-in-class consumer cloud value proposition to the consumers of
our partners as well as those served by our business entities",
said Anthony Montore, President of
Q1.
"We are thrilled to partner with Q1, a deeply respected and
accomplished global leader for decades in the mobile distribution
industry, operating in some of the world's best mobile
markets. MiMedia continues to win and sign partnerships with
global leaders, further validating our platform's value
proposition, competitive advantages and overall business strategy
and model. With this Agreement, we are on path to double the
trajectory of total number of devices contracted to be integrated
with MiMedia over the next two years, which we believe can deliver
substantial revenue and cash flow to our business and that of our
partners", said Chris Giordano, CEO
of MiMedia.
About Quality One
Wireless:
Quality One Wireless LLC is a global leader in wireless
distribution, providing complete solutions to mobile device
manufacturers, wireless operators and retailers. Founded in 1993
and headquartered in Orlando, FL,
Quality One recently purchased the assets of Personal Communication
Devices (PCD). The combined company operates in 26 countries
globally under the Quality One brand. Unlike other wireless
industry suppliers, Quality One Wireless LLC manages the entire
wireless device product life cycle from product development to
channel distribution, warranty, repair and second life sales. The
company has successfully launched more than 500 wireless devices
over the last decade. Quality One has 200,000 square feet of
facility space in Orlando, FL,
Ronkonkoma, NY, Cincinnati, OH, and Mexico City, plus two domestic call centers
that manage a variety of programs including warranty, consumer
returns, troubleshooting and insurance exchanges. Other services
include customization for niche markets, M2M solutions,
engineering, quality, logistics, supply chain, handset insurance,
and buy-back and trade-in programs. For more information, visit
www.q1w.net.
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