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TMMI T M M Inc (PK)

0.009
0.00 (0.00%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
T M M Inc (PK) USOTC:TMMI OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.009 0.008 0.0082 0.00 19:37:15

TMM Inc Completes Subscription Offering to Private Investors

14/02/2013 5:01pm

OTC Markets




Wilmington,
Delaware – February 14 , 2013 - TMM, Inc. (TMMI-PK) (“TMMI”) or (the “Company”)
is pleased to announce that the Company has successfully completed its
Subscription Offering which was initiated in May, 2012 for private investors
and which has raised $1,830,000 U.S. for the Company.  The $0.10 per Unit offering consisted of one
share of TMMI common stock and one Warrant to purchase one additional share of TMMI
common stock at $.15 per share within three (3) years.



The Company will
use the Subscription proceeds to further modernize and commercialize the TRUDEF
™ codec technology. The Company will vigorously protect its interests in the VDK
1.0 to 1.4 Fractal codec purchased in 1993 from Iterated Systems Inc. and a
later version of the codec in the acquisition of Digital Focus Inc. in 2012.



The Company’s immediate
goal is to complete the modernization of its TRUDEF™ technology and to incorporate
TRUDEF™ into a myriad of commercial products to meet the demands of the exponentially
expanding high definition video market.



ON BEHALF OF THE TMMI BOARD OF
DIRECTORS OF TMM, INC.:



GERARD V. CAVANAUGH



CHAIRMAN AND PRESIDENT



For more
information, please visit the Company’s Website at http://www.tmmi.us.



Safe Harbor Statement



The information in
this release contains forward-looking statements which involve risks and
uncertainties, including statements regarding the Company's capital needs,
business strategy and expectations. Any statements contained herein that are
not statements of historical fact may be deemed to be forward-looking
statements, which may be identified by terminology such as "may,"
"should," "will," "expect," "plan,"
"intend," "anticipate," "believe,"
"estimate," "predict," "potential,"
"forecast," "project," or "continue," the
negative of such terms or other comparable terminology. Readers should not rely
on forward-looking statements as predictions of future events or results. Any
or all of the Company's forward-looking statements may turn out to be wrong.
They can be affected by inaccurate assumptions, risks and uncertainties and
other factors which could cause actual events or results to be materially
different from those expressed or implied in the forward-looking statements.
Factors may cause the Company's actual results to differ materially from any
forward-looking statement. In addition, new factors emerge from time to time
and it is not possible for the Company to predict all factors that may cause
actual results to differ materially from those contained in any forward-
looking statements. The Company disclaims any obligation to publicly update any
forward-looking statements to reflect events or circumstances after the date of
this document, except as required by applicable law.



 



Contact:



Via Mail:



TMM Inc.



118 School Road

Wilmington, DE 19803



Telephone:



1- 800 821-9877



E-Mail:



 info@tmmi.us




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