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| Press Spotlight |
| Modavox and Kino Interactive Close Merger |
PHOENIX, March 2
Combined Company Expands Capabilities, Gains Momentum in Online Video and Audio
/PRNewswire-FirstCall/ -- Modavox, Inc. (OTC Bulletin Board: MDVX) announces the completion of its merger with Kino Interactive Group, LLC. The merger marks a major milestone in Modavox's efforts to carve out its niche in the burgeoning online distribution of on-demand video and audio... Read More.
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Natalie Tucker Miller, president of the International Association of Coaching, discusses the best criteria to become and to hire a coach on "R.E.A.P. What You S.O.W" with Elana Daley, an online talk radio show on the VoiceAmerica™ Network.
(PRWEB) --President of the International Association of Coaching, Natalie Tucker Miller, will be interviewed by VoiceAmerica™ Network host Elana Daley on "R.E.A.P. What You S.O.W" Thursday, November 30, 2006. Marking her first appearance on the show, Natalie talks about issues surrounding choosing a coach and becoming one and offers an alternate point of view to the belief anyone can be a coach. This interview on "R.E.A.P. What You S.O.W" with Elana Daley will broadcast at 11 a.m. Pacific (2 p.m. Eastern) November 30 on the VoiceAmerica Business Channel (http://www.business.voiceamerica.com), the bottom line in business talk.
Hosted by performance management specialist and executive coach, Elana Daley "R.E.A.P. What You S.O.W" features topics from how to build a business strategically and enhancing your website for greater ROI, to the importance of rapport and health for lasting success.
Coaching leaders to create consonance with their careers, families and selves, Natalie Tucker Miller, President of International Association of Coaching, has been helping people grow personally and professionally for several years. Growing up in Long Island, NY, she graduated from Five Towns College, then continued her education in the pastoral setting of northern NY at SUNY Potsdam. As an instructor and certifying examiner at the Thomas Leornard Coaching School, Natalie has taught, mentored and evaluated coaches towards certification. She was part of an international team who recently completely a new set of coaching measures which the IAC will be using as their certification criteria. These coaching masteris will be used for certification through the International Association of Coaching for those who wish to obtain certification.
"I am pleased and honored that President Miller will join my show on November 30," Daley said. "She brings a wealth of knowledge and well rounded experience in the field of coaching from which current coaches, those who are looking to coach, and those business professionals looking to hire a coach will definitely benefit."
On "R.E.A.P. What You S.O.W" with host, performance management specialist, and executive coach, Elana Daley, achievement and success through expanding yourself and your life is available at the click of a mouse. R.E.A.P. through Redefining your goals, Educate your mind, your body, your conscious and unconscious, Apply what you learn, and Plan and it shall be. Success, Over and over again, and Wealth result when you R.E.A.P. regularly.
"R.E.A.P. What You S.O.W." airs every Thursday at 11 a.m. Pacific (2 p.m. Eastern) with rebroadcast at 11 p.m. Pacific (2 a.m. Eastern) on the VoiceAmerica Business Channel (www.business.voiceamerica.com). Past shows are available On Demand and podcast download. "R.E.A.P. What You S.O.W" - learn the rules of the game - then play better than anyone else.
About International Association of Coaching:
The International Association of Coaching (IAC) is an independent, global coach certifying body. Our mission is to inspire the on-going evolution and application of universal coaching standards. Our rigorous certification process evaluates the demonstration of specific proficiencies that are the hallmark of the most effective and distinguished coaches, as well as sets high standards for the coach's ethical, professional, and business behaviors. The purpose of this standard is to provide the clients of coaches a valid measure of assurance that they will receive the best coaching. For more information, visit www.certifiedcoach.org
About Elana Daley:
Elana Daley is the innovative creator and driving force of "Concepts In Training", the ultimate resources for training, performance management, and executive coaching. Her extensive knowledge of business development has spanned over two decades. Elana successfully lead the team at Dale Carnegie and Associates as a certified instructor and sales associate. Her programs through "Concepts in Training" (www.conceptsintraining.com) create loyalty, open communication, and creative thinking. Elana's dynamic personality and style will inspire you to grow beyond expectation.
About Modavox:
Modavox, Inc. (www.modavox.com) is a pioneer in internet broadcasting, producing and syndicating online audio and video, and offering innovative, effective and comprehensive online tools for reaching targeted niche communities worldwide. Modavox is the leading producer and distributor of online, talk radio content, streaming approximately 250 hours of live programs and scheduled replays weekly on its Modavox VoiceAmerica™ Network (www.voiceamerica.com) and the 7th Wave Network (www.7thwavenetwork.com). Through its patented Modavox Central™ technology, Modavox "takes the search out of search," delivering content straight to desktops and internet-enabled devices. Through its proprietary StreamSafe™, WebcastWizard™ and Stream Syndicate™ tools, Modavox provides managed access for live and on-demand internet broadcasting and syndication; content management; and online meeting, event management, enterprise communications and distance learning.
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Modavox broadcasts a series of leading applications for US Congress, State of Arizona Legislature and Alberta Premier Candidate featuring AudioEye and BoomBox video streaming.
(PRWEB) -- Modavox, Inc. (OTCBB: MDVX ) Internet broadcasting pioneer in producing and syndicating online audio and video, today announced it now maintains AudioEye enabled sites for the State of Arizona Legislature (www.azleg.gov), Congressman JD Hayworth of Arizona’s 5th Congressional district (www.house.gov/hayworth), and Jim Dinning, a candidate for Premier of Alberta, Canada (www.jimdinning.ca). AudioEye extends the reach of these government and campaign communications via the web, mobile phones, and other devices for all people with a special emphasis on those that have physical, learning, or visual impairment as well as internet novices such as seniors and non-English readers.
Modavox’s patent pending AudioEye technology allows customers to address federal legislation referred to as "Section 508", an amendment to the Workforce Rehabilitation Act of 1973. Section 508 requires that electronic and information technology that is developed or purchased by the Federal Government be accessible by people with disabilities. The AudioEye media player meets the standards and performance criteria for web delivered software detailed in the regulations of Section 508.
Nathaniel Bradley, Modavox VP of Business Development & Strategic Marketing stated, “AudioEye, when used by our clients for distribution of web content or documents, is delivering a product that meets federal accessibility standards; as well as allowing our clients to meet the functional performance criteria and information, documentation, and support requirements listed in Section 508. Congressmen JD Hayworth took a leadership role in implementing AudioEye on his congressional website over a year ago, even taking the time to record his own voice for a large majority of his website. Although Mr. Hayworth is leaving his office in January, he has already provided the catalyst for other early adopters of AudioEye in the US Congress.”
Modavox has also utilized its patented BoomBox Video delivery system for the Arizona State Legislature, providing live proceedings broadcast via the web for the House, Senate, and hearing rooms from the State Capital, including on-demand broadcast of the “Legislative Weekly”. Modavox also provided live and on-demand access to New Mexico Governor Bill Richardson’s 2006 State of the State Address and Arizona’s Corporation Commission Debates this past election cycle.
David Ide, Modavox CEO commented, “We believe that we have established a solid foundation for continued government application sales in our growing Interactive Division. Interactive solutions from Modavox provide federal, state, and local governments the unique ability to more efficiently communicate with their constituents.”
Forward-Looking Statements
This release contains "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause Modavox's actual results to differ materially from those currently anticipated, including the risk factors identified in Modavox's filings with the Securities and Exchange Commission.
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Modavox launches a breakthrough E-Learning website for Interventional Radiology Fellows supported by educational grant from Genentech, Inc.
(PRWEB) -- Modavox, Inc. (OTCBB: MDVX ) Internet broadcasting pioneer, producing and syndicating online audio and video, today announced it has through partnership with IntraMed West, Inc. and Signature Business Solutions that it has completed and launched a website for Interventional Radiology Fellows.
IRexcellence.com is the official website of the Pathway to Excellence: Advancing Interventional Radiology education initiative. Guided by a planning committee of interventional radiology thought leaders, IRexcellence.com is dedicated to serving the IR community by providing educational resources, news, information, and an open forum for communication and collaboration.
Modavox Vice President of Business Development & Strategic Marketing, Nathaniel Bradley stated, "Streaming Media solutions from Modavox provide for dynamic E-Learning communications for Interventional Radiology Fellows." Modavox CEO, David Ide stated, "It is our privilege to be working with IntraMed West & Signature Business Solutions on this enriching application as it represents part of our own corporate goals to provide our state of the art rich media technologies to comprehensive E-Learning applications. Mr. Ide added "Modavox Interactive continues to provide professional & highly scalable rich media applications we believe create a balanced approach to Modavox future earnings".
About IntraMed West IntraMed West, Inc a company owned and operated by Sudler & Hennessey, a Young & Rubicam/WPP company, one of the Worlds largest and most prestigious health care communication companies.
About Genentech Founded 30 years ago, Genentech is a leading biotechnology company that discovers, develops, manufactures and commercializes biotherapeutics for significant unmet medical needs. A considerable number of the currently approved biotechnology products originated from or are based on Genentech's science. Genentech manufactures and commercializes multiple biotechnology products and licenses several additional products to other companies. The company has headquarters in South San Francisco, California and is listed on the New York Stock Exchange under the symbol DNA. For additional information about the company, please visit http://www.gene.com.
Forward-Looking Statements
This release contains "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause Modavox's actual results to differ materially from those currently anticipated, including the risk factors identified in Modavox's filings with the Securities and Exchange Commission.
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U.S. General Services Administration's Center for Information Technology Accommodation Assistive Technology Showcase to feature AudioEye's "Search By Sound" platform technologies.
Modavox, Inc. (OTCBB: MDVX), Internet broadcasting pioneer, producing and syndicating online audio and video, today announced VP of Business Development & Strategic Marketing, Nathaniel Bradley, to present and demonstrate the AudioEye's product and technology at the U.S. General Services Administration's Center for Technology Accommodation Assistive Technology Showcase on November 16, 2006 in Washington, DC.
Assistive Technology Day is presented in conjunction with World Usability Day, an Earth Day style event to promote the value of usability engineering and user-centered design and the belief that every user has the responsibility to ask for things that work better.
The Assistive Technology Day event will provide a demonstration of AudioEye, an automated step-by-step publishing platform that empowers any content owner with the ability to improve communication & messaging by distributing content in audio via the web, mobile phone, or download to MP3 devices.
AudioEye delivers a publishing platform empowering any content owner with the ability to improve communication and messaging by distributing content in audio via the web or phone. Most content, newsletters, books, blogs, email, online learning courses, and internet sites, are created for visual comprehension.
Modavox recently signed an exclusive license agreement for 100% of AudioEye reseller and direct sales revenue.
Modavox, Inc. (www.modavox.com), a pioneer in internet broadcasting, producing and syndicating online audio and video, offers innovative, effective and comprehensive online tools for reaching targeted niche communities worldwide. Through patented Modavox technology, Modavox delivers content straight to desktops and internet-enabled devices. Modavox provides managed access for live and on-demand Internet Radio Broadcasting, E-learning and Rich Media Advertising.
Forward-Looking Statements
This release contains "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause Modavox's actual results to differ materially from those currently anticipated, including the risk factors identified in Modavox's filings with the Securities and Exchange Commission.
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Modavox signs exclusive license agreement for 100% of AudioEye reseller and direct sales revenue.
Modavox, Inc. (OTCBB: MDVX ) Internet broadcasting pioneer, producing and syndicating online audio and video, today announced it has entered into an agreement to provide the day-to-day management and technology development of AudioEye's product and technology.
AudioEye offers "audio publishing and streaming media broadcast software" enabling content owners to organize, create, and distribute information in audio. AudioEye has extensive market applicability for corporations and universities in e-learning and training, as well as publishers and media companies for broader distribution. This technology works on big and small screen devices empowering the world to "Surf by Sound".
AudioEye maintains a variety of high-profile clients including the State of Arizona which deployed the system for their State Legislature website. AudioEye created a complete audio mirror image of the website with Natural Voices including all the State's written documents such as the State constitution and bill information.
Modavox CEO David Ide stated, "We are pleased to add a new revenue center to Modavox. We now benefit directly from AudioEye's technology and revenues without shareholders experiencing any associated dilution." Mr. Ide continued, "Management remains conscientious of the importance aligning our goals with those of our shareholders. The addition of AudioEye is another positive step as we continue focusing on creating long term value."
Modavox, Inc. (www.modavox.com), a pioneer in internet broadcasting, producing and syndicating online audio and video, offers innovative, effective and comprehensive online tools for reaching targeted niche communities worldwide. Through patented Modavox technology, Modavox delivers content straight to desktops and internet-enabled devices. Modavox provides managed access for live and on-demand Internet Radio Broadcasting, E-learning and Rich Media Advertising.
Forward-Looking Statements
This release contains "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause Modavox's actual results to differ materially from those currently anticipated, including the risk factors identified in Modavox's filings with the Securities and Exchange Commission.
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Scott Chesney, host of "Maximizing Life" online talk radio show among People Magazine's nationwide search for sexiest 'real' man for their "Sexiest Man Alive" issue.
VoiceAmerica™ Channel online talk radio show host, Scott Chesney, has been announced as a finalist in People Magazine's search for sexiest 'real' man for their annual "Sexiest Man Alive" issue. In addition to their celebrity infused issue, People Magazine decided to open a nationwide search for everyday men to be featured in one of their best selling issues to come out later this month. Online voting is open now until November 27th at People.com.
Scott's wife, Pratiksha, nominated him for People's Sexiest Man saying, "Scott is sexy in so many ways, in addition to being so handsome, he has been paralyzed and in a wheelchair, since he was 15 years old. Scott is a devoted husband, and a doting father of two kids ages one and four. Scott brings flowers for no occasion, but what I find really sexy is that he helps with the laundry, the dishes, helps takes care of the kids and is the primary bread winner in our household. This is truly sexy to me, especially because he always does it with a smile on his face."
VoiceAmerica Network Director, Jeff Spenard, stated, "We at VoiceAmerica are very proud Scott Chesney is a finalist for this People Magazine's national search." He continued, "Not only is Scott a phenomenal host, he is one of the most genuine people I've ever met and a natural leader with integrity and charm."
On the VoiceAmerica Channel online talk radio show, "Maximizing Life", listeners are challenged to free your mind, open your heart, and ignite action in your life. Host and 'Commander in Change', empowerment coach, and international speaker, Scott Chesney, shares his insights to making the most out of your daily lives. Scott interviews people who are maximizing their lives - the most recognizable transformationalists and leaders around the world, as well as those hometown heroes that move, touch, and inspire the best in all of us.
Some of Scott's past guests on "Maximizing Life" include comedians Jay Mohr and Joe Piscopo; Authors Debbie Ford and James Redfield ("The Celestine Prophecy"); CBS Sports', Bill Raftery; and sports journalist, Jerry Izenberg.
"Maximizing Life" with Scott Chesney broadcasts each Monday at Noon Pacific (3pm Eastern) on the VoiceAmerica Channel. Log on to listen at http://www.voice.voiceamerica.com/ Past shows are available On Demand and podcast download.
About Scott Chesney
Scott Chesney (http://www.scottchesney.com) has been called, "The Commander in Change," "A profile in Courage," and "A master of living life to its fullest," by nearly two million people in 38 countries. This two-time world traveler is an International Speaker and Personal Empowerment Coach to people from all walks of life. Since the age of 15, Scott has navigated life beautifully with paralysis. In the last two decades since he awakened to a rare stroke that left him paralyzed from his waist down to his toes, carried the Scott has spoke at the United Nations, walked on fire with his hands, swam with wild dolphins, eaten scorpions, gone skydiving, carried the Olympic Torch, researched over 70 alternative forms of medicine, wrestled with cheetahs, and has created some many other incredible adventures for himself and others. His two greatest achievements to date - fathering a beautiful son and daughter with his wonderful wife. His motto in life -"Dream, Believe, and Work to Achieve!"
Modavox, Inc. (www.modavox.com), a pioneer in internet broadcasting, producing and syndicating online audio and video, offers innovative, effective and comprehensive online tools for reaching targeted niche communities worldwide. Through patented Modavox technology, Modavox delivers content straight to desktops and internet-enabled devices. Modavox provides managed access for live and on-demand Internet Radio Broadcasting, E-learning and Rich Media Advertising. |
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Modavox's VoiceAmerica™ Networks to expand its broadcasting to include an independent online talk radio channel dedicated to sports talk.
Modavox, Inc (OTCBB: MDVX) announced today the intention to expand the existing online talk radio VoiceAmerica™ Network by launching the VoiceAmerica™ Sports Channel in early 2007. With a media savvy look and design, enhanced features and functions, improved broadcast quality and multiple platform choices, the VoiceAmerica™ Sports Channel will represent a dynamic source for comprehensive and reliable sports information presented in a talk radio format available live and on demand and podcast ready. With a wide range of sports related content, the VoiceAmerica™ Sports Channel is poised to become THE online source for hot sports topics and compelling conversation from some of the best known names in sports.
The VoiceAmerica™ Sports Channel is adding new, highly-credited hosts from all areas of the Sports world. For example, host and former football great Darrell Green recently welcomed former NFL Hall of Fame standout Jim Brown to his show currently broadcasting on the VoiceAmerica™ Channel.
Modavox Vice President of Business Development and Strategic Marketing, Nathaniel Bradley stated, “We are very excited to launch a sports channel among our cadre of quality programming on the VoiceAmerica™ Networks.” Modavox CEO, David Ide added, “We anticipate the VoiceAmerica Sports Channel will not only attract the best sports talk talent but also open additional revenue streams in advertising and sponsorship. Importantly, it will further allow us to continue to expand our significant count of unique monthly visitors to our sites.”
In addition to live broadcasts, all VoiceAmerica shows are available On Demand to ensure optimal listener convenience. Modavox has adding services to enable the downloading and podcasting of shows onto MP3 players, PDAs, smart phones, and other portable digital devices.
Modavox, Inc. (www.modavox.com), a pioneer in internet broadcasting, producing and syndicating online audio and video, offers innovative, effective and comprehensive online tools for reaching targeted niche communities worldwide. Through patented Modavox technology, Modavox delivers content straight to desktops and internet-enabled devices. Modavox provides managed access for live and on-demand Internet Radio Broadcasting, E-learning and Rich Media Advertising. |
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Advertising revenue share and rich media content delivery agreement with Oregon ABC affiliate stations and Modavox to benefit both media companies.
Modavox, Inc. (OTBB: MDVX) today announced it has completed an agreement with media production, broadcast and cable distribution company, Chambers Communications Corporation to bring streaming video and audio applications for local and national advertising campaigns for their Oregon ABC affiliate networks, KEZI and KDRV. This revenue sharing opportunity will utilize Modavox’s patented BoomBox system employed for the delivery of rich media content.
Chambers Communications Corporation (www. cmc.net/~chambers/) consists of three broadcast television stations operating as ABC affiliates; one cable system; a television, movie and video production company; and an ISP provider.
This new agreement between media companies includes worldwide distribution of news, weather, and sports content as well as archiving of this content utilizing Modavox’s content delivery network and BoomBox technology. Other contract details include banner ad products; video banner and video inserted into broadcast ads; and detailed reporting structures.
Modavox Vice President of Business Development and Strategic Marketing, Nathaniel Bradley stated, “It is our privilege to be working in concert with Chambers Communication Corporation as it represents part of our own corporate goals to provide our state of the art rich media technologies to traditional media looking to expand to the internet markets.” Mr. Bradley continues, “We expect a successful launch and mutually profitable results.”
Modavox, Inc. (www.modavox.com), a pioneer in internet broadcasting, producing and syndicating online audio and video, offers innovative, effective and comprehensive online tools for reaching targeted niche communities worldwide. Through patented Modavox technology, Modavox delivers content straight to desktops and internet-enabled devices. Modavox provides managed access for live and on-demand Internet Radio Broadcasting, E-learning and Rich Media Advertising. |
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Reports Quarterly Profit on 141% Revenue Growth
PHOENIX, AZ - October 20, 2006 - Modavox, Inc. (OTCBB: MDVX), a Phoenix based company that produces the online talk radio VoiceAmericaT Network and creates software solutions for online audio/visual advertising and business to business and business to consumer communications, today reported its second quarter 2006 results as filed in its 10QSB on October 19, 2006.
For the quarter ending August 31, 2006, the company reported revenues increased 141% to $698,946 compared to $289,699 for the quarter ending August 31, 2005. Revenues for the quarter ended August 31, 2006 included $341,823 from the Interactive Media Division and $357,123 from the Broadcast Media Division. The company reported a profit of $53,708 compared to a loss of $1,080,586 in the prior year.
For the six months ending August 31, 2006, the company reported revenues increased 113% to $1,131,849 compared with revenues of $529,876 for the comparable period of the previous year. Revenues in the 2006 period included $427,839 from the Interactive Media Division and $704,010 from the Broadcast Media Division. Interactive Media Division revenues are increased due to the Company entering into an increasing number of contracts utilizing its proprietary software. Broadcast Media Division revenue increased reflecting the increasing acceptance of online talk radio as a forum for communicating with targeted audiences. The company reported its net loss decreased to $615,524 from $1,910,462 for the comparable period the previous year.
Highlights from the quarter include:
. Company reported its first quarterly profit on record revenues
. Company satisfied and paid legacy IRS obligation in full
. Modavox and West Virginia Media Holdings completed streaming agreement
. Launched small cap promotions technology suite
. Launched New VoiceAmerica website with BoomBox 2.0 radio technology
. Launched Three New 24/7 Video Networks
Modavox CEO, David J. Ide stated, "I'm extremely pleased and proud of the entire Modavox team and our positive quarterly results. I view this past quarter as inflection point for the company and believe the pro-active steps taken during this past quarter have established a strong foundation to support future growth. Successfully satisfying past legacy issues remains a concern, however we may now focus on supporting the systems and structures that we firmly believe solidify our continuing and future financial success."
Ide further stated, "Despite our recent success, we remain keenly aware that there remains much work ahead. With this, we fully intend to remain focused on both the execution of our proven business plan as well as the creation of long term and sustainable shareholder value."
FORWARD LOOKING STATEMENTS
This Quarterly Report on Form 10-QSB and the documents incorporated herein by reference contain forward-looking statements that have been made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about our industry, management's beliefs, and certain assumptions made by management. Words such as "anticipate," "expect," "intend" "plans," "believe," "seek," "estimate" and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and actual actions or results may differ materially. These statements are subject to certain risks, uncertainties and assumptions that are difficult to predict, including those noted in the documents incorporated herein by reference. Particular attention should also be paid to the cautionary language appearing elsewhere in this report. We undertake no obligation to update publicly any forward-looking statements as a result of new information, future events or otherwise, unless required by law. Readers should, however, carefully review the risk factors included in other reports or documents we file from time to time with the Securities and Exchange Commission, including in our Annual Report Form 10-KSB for our fiscal year ended February 28, 2006.
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Advertising revenue share and rich media content delivery agreement with WVMH national media outlet and Modavox to benefit both media companies.
PHOENIX, AZ (PRWEB) October 2, 2006 -- Modavox, Inc. (OTBB: MDVX) today announced it has completed an agreement with media chain, West Virginia Media Holdings to bring streaming video and audio applications for local and national advertising campaigns. This revenue sharing opportunity will utilize Modavox's patented BoomBox system employed for the delivery of rich media content.
West Virginia Media Holdings (www.wvmh.com) is a media chain in West Virginia. It owns television stations in each of the four main media markets in the state, as well as a weekly newspaper. The group owns WOWK in Huntington, West Virginia, WVNS-TV in Beckley, West Virginia, and WTRF in Wheeling, West Virginia, which are all affiliated with the CBS network, and WBOY in Clarksburg, West Virginia which is affiliated with NBC. It also owns the State Journal weekly newspaper. West Virginia Media Holdings is the first truly statewide media voice, reaching more than 80 percent of West Virginians with newsgathering and entertainment capabilities while serving as a steadfast advocate for our state's growth and prosperity. CEO of West Virginia Media Holdings, Bray Cary, is the former VP of Marketing at NASCAR.
Modavox CEO David Ide stated, "We are excited to be working with West Virginia Media Holdings in our continued efforts to provide our state of the art rich media technologies with traditional media looking to expand to the internet markets." Mr. Ide continues, "We are looking forward to a successful launch and mutually profitable results."
About Modavox
Modavox, Inc. (www.modavox.com) is a pioneer in internet broadcasting, producing and syndicating online audio and video, and offering innovative, effective and comprehensive online tools for reaching targeted niche communities worldwide. Modavox is the leading producer and distributor of online, talk radio content, streaming approximately 250 hours of live programs and scheduled replays weekly on its Modavox VoiceAmerica(TM) Network (www.voiceamerica.com). Through its patented Modavox Central(TM) technology, Modavox "takes the search out of search," delivering content straight to desktops and internet-enabled devices. Through its proprietary StreamSafe(TM), WebcastWizard(TM) and Stream Syndicate(TM) tools, Modavox provides managed access for live and on-demand internet broadcasting and syndication; content management; and online meeting, event management, enterprise communications and distance learning.
Forward-Looking Statements
This release contains certain "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause Modavox's actual results to differ materially from those currently anticipated, including the risk factors identified from time to time in Modavox's filings with the Securities and Exchange Commission.
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Modavox to produce and broadcast small cap stock news for QualityStocks.Net beginning September 26, 2006.
(Phoenix, AZ) September 27, 2006 – A dynamic business partnership has been formed between QualityStocks.Net a leading on-line newsletter and promoter of small cap stocks, and Modavox, Inc. (OTCBB: MDVX), one of the worlds leading providers of streaming media solutions. Together these two entities will combine to bring cutting edge internet streaming audio/video technologies, programming, and current small cap stock news directly to consumers, promoters and traders across the nation and abroad.
“Our desire was to reach out to a global audience with instant delivery of timely information which is fresh and cutting edge” states Nathan Bradley, VP of Business Development and Marketing for Modavox. “Early adopters of emerging technologies are tipping the demand for news, entertainment, education, and information to be available on-line and through most portable devices. This partnership with Modavox and Quality Stocks.Net merges the distribution solution with news and information at the click of a button.”
Starting on September 26, 2006, the long standing QualityStocks.Net internet presence will be revamped and distributed through the Modavox Network and proprietary technologies. Beginning October 2, 2006 weekday web-isodes of “QualityStocks.Net Market Report” will be broadcast featuring microcap and small cap stocks to watch.
About QualityStocks.Net
With all of the stock picks and recommendations available today in the investment world, selecting and deciding on the right stocks can be tedious and time consuming. At QualityStocks.net, we collate hundreds of investment newsletters into The ONE and ONLY "The QualityStocks Daily", featuring a summary format in which you can view the latest stock picks everyday.
About Modavox
Modavox, Inc. (www.modavox.com) is a pioneer in internet broadcasting, producing and syndicating online audio and video, and offering innovative, effective and comprehensive online tools for reaching targeted niche communities worldwide. Modavox is the leading producer and distributor of online, talk radio content, streaming approximately 250 hours of live programs and scheduled replays weekly on its Modavox VoiceAmerica(TM) Network (www.voiceamerica.com). Through its patented Modavox Central(TM) technology, Modavox "takes the search out of search," delivering content straight to desktops and internet-enabled devices. Through its proprietary StreamSafe(TM), WebcastWizard(TM) and Stream Syndicate(TM) tools, Modavox provides managed access for live and on-demand internet broadcasting and syndication; content management; and online meeting, event management, enterprise communications and distance learning.
Forward-Looking Statements
This release contains certain "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause Modavox's actual results to differ materially from those currently anticipated, including the risk factors identified from time to time in Modavox's filings with the Securities and Exchange Commission.
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Modavox enters advertising revenue share and rich media content delivery agreements with KOAA national media outlet.
/PRNewswire-FirstCall/ -- Modavox, Inc. (OTC Bulletin Board: MDVX), an internet broadcasting pioneer, producing and syndicating online audio and video, today announced it has entered into agreements with Denver, Colorado's NBC affiliate, KOAA, to bring streaming video and audio applications for local and national advertising campaigns. This agreement will result in revenue sharing opportunities utilizing Modavox's patented BoomBox system version 2.0 employed for the delivery of rich media content.
KOAA-TV ( www.koaa.com ) is the NBC affiliate for Southern Colorado. It is licensed to Pueblo, and broadcasts on channel 5. It also operates a translator on channel 30 in Colorado Springs. The station has studios in both Pueblo and Colorado Springs. KOAA recently added high definition technologies for their television broadcasts. Along with Modavox, KOAA is positioned to offer state of the art broadcasting in multiple mediums of content delivery -- television and internet.
From interactive banner advertisements on the KOAA website to services for news weather and sports segments within the sites, Modavox will be providing the latest in media advertising technologies.
Modavox CEO David Ide stated, 'We're pleased to have entered into this synergistic agreements with KOAA resulting in multiple revenue sharing opportunities through both local and national advertising. Our recent roll out of BoomBox version 2.0 is perfectly suited for traditional media outlets seeking to deliver rich media content over the internet.'
About Modavox
Modavox, Inc. (www.modavox.com) is a pioneer in internet broadcasting, producing and syndicating online audio and video, and offering innovative, effective and comprehensive online tools for reaching targeted niche communities worldwide. Modavox is the leading producer and distributor of online, talk radio content, streaming approximately 250 hours of live programs and scheduled replays weekly on its Modavox VoiceAmerica(TM) Network (www.voiceamerica.com). Through its patented Modavox Central(TM) technology, Modavox "takes the search out of search," delivering content straight to desktops and internet-enabled devices. Through its proprietary StreamSafe(TM), WebcastWizard(TM) and Stream Syndicate(TM) tools, Modavox provides managed access for live and on-demand internet broadcasting and syndication; content management; and online meeting, event management, enterprise communications and distance learning.
Forward-Looking Statements
This release contains certain "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause Modavox's actual results to differ materially from those currently anticipated, including the risk factors identified from time to time in Modavox's filings with the Securities and Exchange Commission.
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Gary Null to release special report on the country's biggest problem live on the Progressive Radio Network (PRN) on Thursday, September 21.
(Phoenix, AZ) - September 20, 2006 – On Thursday September 21, and Friday September 22 Gary Null is hosting a breaking story. He will be discussing this country's most important problem, and it isn't terrorism. The issue is that almost a million die at the hands of doctors and hospitals each year. And this isn't the figure for cancer, this isn't the figure for heart disease, and it isn't even the figure for traumatic injury. It is the figure for accidental death by injury, mistake, and medication, at the hands of licensed professionals. This special report is to be simulcast on WNYE 91.5 FM, The Progressive Radio Network (www.progressiveradionetwork.org) and the VoiceAmerica™ Channel (www.voice.voiceamerica.com) between Noon and 1pm Eastern.
You won’t want to miss Gary's original, complete, in depth report, this Thursday and Friday, on Medicine For Sale $$$. Come listen to a story you won't hear anywhere else!
Gary Null, Ph.D. (http://www.garynull.com/), a leading natural health spokesperson and nutritional expert, is a broadcast veteran of over 27 years, a New York Times best-selling author of over 70 books and an award-winning documentary filmmaker. He appears regularly on public television, and has been featured in numerous publications, including Time, The Daily News and Fitness.
The Progressive Radio Network, broadcasting through Modavox, will also offer an adventurous mix of Arts and Culture unavailable either on regular or internet radio. Planned for the near future are live opera broadcasts from La Scala in Milan, hot New Orleans jazz by 85-year-old sidemen who can still blow the boots off upstarts half their age, rarely heard vintage broadcasts dating from radio’s Golden Days, featuring Jack Benny, The Shadow, Tom Mix, and the Lone Ranger, plus original plays and poetry performed by some of the world’s most renowned artists.
PRN’s proudest claim is its promise of absolute freedom from corporate influence. Its founders have made it clear that PRN will be non-commercial, and will not sell its air-time for advertising dollars.
PRN broadcasts 24 hours a day, 7 days a week, at www.ProgressiveRadioNetwork.org and provides live streaming, on-demand streaming, podcast, and archive downloading of cutting-edge information on health, music, politics and cultural affairs.
About Modavox
Modavox, Inc. (www.modavox.com) is a pioneer in internet broadcasting, producing and syndicating online audio and video, and offering innovative, effective and comprehensive online tools for reaching targeted niche communities worldwide. Modavox is the leading producer and distributor of online, talk radio content, streaming approximately 250 hours of live programs and scheduled replays weekly on its Modavox VoiceAmerica(TM) Network (www.voiceamerica.com). Through its patented Modavox Central(TM) technology, Modavox "takes the search out of search," delivering content straight to desktops and internet-enabled devices. Through its proprietary StreamSafe(TM), WebcastWizard(TM) and Stream Syndicate(TM) tools, Modavox provides managed access for live and on-demand internet broadcasting and syndication; content management; and online meeting, event management, enterprise communications and distance learning.
Forward-Looking Statements
This release contains certain "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause Modavox's actual results to differ materially from those currently anticipated, including the risk factors identified from time to time in Modavox's filings with the Securities and Exchange Commission.
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/PRNewswire-FirstCall/ -- The University of Arizona Science and Technology Park is pleased to announce the addition of Modavox as a tenant. Modavox (OTC Bulletin Board: MDVX) will occupy 1,200 square feet of office space in Building 9070.
Founded in 1999, the company is a publicly held developer of patented Internet based software solutions for video and audio applications. Modavox combines proprietary technology and unique competencies in the networked delivery of digital media worldwide, and provides enhanced communication services.
The company is the leading developer of the following on-line products:
-- Internet Radio Broadcasting technology -- Modavox owns and operates the VoiceAmerica(TM) Network, the largest and longest running Internet talk radio operation in the world, creating over 200 live and original talk radio shows on a weekly basis. Also, under the Internet radio division Modavox provides a patented solution called BoomBox Radio that enables corporations and content providers to create Internet radio initiatives with global reach, world-class audio quality, and with exceptional production speed. Modavox uses the patented delivery technology which provides instant Internet radio publishing, Internet broadcasting and syndication to websites throughout the web.
-- Patented E-learning technology and Video Broadcasting Services -- Modavox provides a suite of interactive software solutions used for E-learning content distribution. Video, Audio and rich Internet media content are currently delivered via the Internet for educational organizations such as Notre Dame University, University of Arizona and Omega Institute. As well as corporations such as clients Avnet, Inc, Baxter, Inc, and Merrill Lynch. The State of Arizona Legislature, State of New Mexico and the United States Congress are also among the government organizations that utilize Modavox Interactive broadcasting services.
-- Online Broadcast Advertising -- another patented technology that allows content providers to add video and audio advertisement content to websites, a service currently utilized by Modavox customers like AzCentral.com, CBS and NBC affiliates, and the Detroit Free Press among others.
Says David J. Ide, Modavox, Inc. Chief Executive Officer, 'We are pleased to expand our operations in to Tucson and the Tech Park. The synergistic opportunities of working with other technology companies at the same stage as Modavox as well as the atmosphere of the Tech Park, made locating here an exciting opportunity for us.'
'It is really exciting to add another growing technology company to the Tech Park,' says Bruce Wright, associate vice president for economic development at The University of Arizona. 'Companies like Modavox represent the growing number of technology-based, entrepreneurial companies in Arizona and especially in Southern Arizona.
The University of Arizona Science and Technology Park is home to 27 companies and organizations including 3 fortune 500 companies, IBM, Raytheon and Citi Cards as well as several emerging high tech companies like Sion Power and NP Photonics. The park has almost 2 million square feet of developed space located on 1,345 acres of land. In 2001, the Park was named Outstanding Research Park of the Year, by the Association of University Research Parks.
About Modavox
Modavox, Inc. (www.modavox.com) is a pioneer in internet broadcasting, producing and syndicating online audio and video, and offering innovative, effective and comprehensive online tools for reaching targeted niche communities worldwide. Modavox is the leading producer and distributor of online, talk radio content, streaming approximately 250 hours of live programs and scheduled replays weekly on its Modavox VoiceAmerica(TM) Network (www.voiceamerica.com). Through its patented Modavox Central(TM) technology, Modavox "takes the search out of search," delivering content straight to desktops and internet-enabled devices. Through its proprietary StreamSafe(TM), WebcastWizard(TM) and Stream Syndicate(TM) tools, Modavox provides managed access for live and on-demand internet broadcasting and syndication; content management; and online meeting, event management, enterprise communications and distance learning.
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On Thursday, August 10 "Health Crusades" host, Dr. John Farley talks to Jack La Lanne about his upcoming 92nd birthday.
Phoenix, AZ, August 9, 2006 - World renowned health and fitness expert, often described as the "Godfather of Fitness", Jack La Lanne, joins John Farley , a leading authority on exercise, sports psychology, weight management and wellness, on the VoiceAmericaT Health & Wellness Channel (http://www.health.voiceamerica.com/) Thurs day, August 10, 2006 at 8AM PST (10AM EST). The VoiceAmericaT Health & Wellness Channel offers the latest conversations in a talk radio format, providing education, interaction, and advice on key issues on a wide array of health topics live and On Demand.
"Health Crusades" with John Farley is a weekly interactive show designed to enhance one's lifestyle: physical, mental, emotional, financial and intellectual empowerment. Expert guests inform and entertain our audience each week. Broadcasting every Thursday at 8am Pacific (11am Eastern) on the VoiceAmerica Health & Wellness Channel.
To access the show, log on at www.health.voiceamerica.com. Call in live with questions and comments at toll-free at 866-472-5792. Past episodes are on the VoiceAmerica Health & Wellness Channel on demand and are podcast ready.
About John Farley:
John Farley, PsyD has degrees in physical education, exercise science, sports psychology and fitness and weight management. He, author of Living Lean ! and the creator of the revolutionary SleepSlimT weight management system, is the president of one of the world's most recognized health and fitness colleges, The Optimal Performance Institute and University (http:// www.opi.edu/).
About Modavox
Modavox, Inc. (www.modavox.com) is a pioneer in internet broadcasting, producing and syndicating online audio and video, and offering innovative, effective and comprehensive online tools for reaching targeted niche communities worldwide. Modavox is the leading producer and distributor of online, talk radio content, streaming approximately 250 hours of live programs and scheduled replays weekly on its Modavox VoiceAmerica(TM) Network (www.voiceamerica.com). Through its patented Modavox Central(TM) technology, Modavox "takes the search out of search," delivering content straight to desktops and internet-enabled devices. Through its proprietary StreamSafe(TM), WebcastWizard(TM) and Stream Syndicate(TM) tools, Modavox provides managed access for live and on-demand internet broadcasting and syndication; content management; and online meeting, event management, enterprise communications and distance learning.
Forward-Looking Statements
This release contains certain "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause Modavox's actual results to differ materially from those currently anticipated, including the risk factors identified from time to time in Modavox's filings with the Securities and Exchange Commission.
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Modavox Completes Construction of Next Generation Internet Radio Broadcasting Technology. BoomBox Radio™ to Compliment and Supplement Terrestrial and Satellite Radio.
Phoenix, AZ (PRWEB) August 7, 2006 -- Modavox, Inc. (OTCBB: MDVX) Internet broadcasting pioneer, producing and syndicating online audio and video, today announced its completion of version 2.0 of its BoomBox RadioT software. Modavox has developed the next generation of Internet radio production and delivery technology leveraging patented technology infrastructure and newly acquired technical assets through its merger with Kino Interactive, LLC. The newly launched technology, under development for over a year, provides new and superior levels of service to hosts, better user experience to listeners and compliments and supplements both terrestrial and satellite radio while increasing revenues to Modavox via a proprietary built in advertising model and fortified service delivery automation.
Modavox VP Nathaniel Bradley stated "The building and launching of this new technology will provide superior service to our clients and listener base. BoomBox Radio T technology has a strong legacy dating back to 1998, and the visions of early pioneers in Internet radio are now being realized today in our release of version 2.0. We are pleased to introduce this new and innovative look to our networks and we will continue to remain focused on furthering our leadership in Internet radio technology."
David Ide, CEO commented, "This is another positive step for Modavox as we continue to work diligently on executing our business plan and building shareholder value. The release of version 2.0 of BoomBox Radio in addition to the recent forming of key strategic partnerships with both MagnaBand.Net and INDOlink are all significant steps in solidifying Modavox as a true pioneer in internet broadcasting."
About Modavox
Modavox, Inc. (www.modavox.com) is a pioneer in internet broadcasting, producing and syndicating online audio and video, and offering innovative, effective and comprehensive online tools for reaching targeted niche communities worldwide. Modavox is the leading producer and distributor of online, talk radio content, streaming approximately 250 hours of live programs and scheduled replays weekly on its Modavox VoiceAmerica(TM) Network (www.voiceamerica.com). Through its patented Modavox Central(TM) technology, Modavox "takes the search out of search," delivering content straight to desktops and internet-enabled devices. Through its proprietary StreamSafe(TM), WebcastWizard(TM) and Stream Syndicate(TM) tools, Modavox provides managed access for live and on-demand internet broadcasting and syndication; content management; and online meeting, event management, enterprise communications and distance learning.
Forward-Looking Statements
This release contains certain "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause Modavox's actual results to differ materially from those currently anticipated, including the risk factors identified from time to time in Modavox's filings with the Securities and Exchange Commission.
© 2006 PRNewswire - http://www.prweb.com/releases/2006/8/prweb420945.htm |
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Three emerging news media and niche communities to be added to the VoiceAmericaT Network through dynamic business partnership.
(Phoenix , AZ and Los Angeles , Ca.) July 27, 2006 - A dynamic business partnership has been formed between Magnaband.Net, a leading internet video news network, and Modavox, Inc. (OTCBB: MDVX) utilizing its VoiceAmericaT Network (http://www.voiceamerica.com), one of the worlds leading live internet talk-radio operations. Together these two internet media powerhouses will combine to bring cutting edge internet streaming audio/video technologies and programming directly into the offices and homes of a forecasted 400 million plus hi-speed internet subscribers.
"Our desire was to reach out to a global audience with instant delivery of timely information which is fresh and cutting edge" states David Ide, CEO of Modavox. "Early adopters of emerging technologies are tipping the demand for news, entertainment, education, and information to be available through all portable devices. This partnership with Modavox and Magnaband.net merges the distribution solution with news and information at the click of a button."
Starting on August 15, 2006 , VoiceAmericaFinance.com , VoiceAmericaJustice.com , and VoiceAmericaVotes.com will be distributed through the VoiceAmericaT Network and featuring the news and information content of MagnaBand.net's ItsAboutFinance.tv, VoteAcrossAmerica.com and JusticeSystem.tv. These sites feature news, celebrity news, market reports and interviews of Chief Executive Officers who are Driving Innovation across the American business landscape.
About Magnaband:
Magnaband.net is an online television broadcasting network community committed to mass media as a platform to raise and discuss the burning issues of the day. Founded by partners Carol Davis and well known Attorney Mark Geragos in 2000, it is the first network of its kind in the United States and features the longest continuously running television broadcasts on the web. Currently, the network broadcasts news media daily across three sites: www.ItsAboutFinance.tv, www.TheJusticeSystem.net, www.JusticeSystem.tv and www.VoteAcrossAmerica.com.
About Modavox
Modavox, Inc. (www.modavox.com) is a pioneer in internet broadcasting, producing and syndicating online audio and video, and offering innovative, effective and comprehensive online tools for reaching targeted niche communities worldwide. Modavox is the leading producer and distributor of online, talk radio content, streaming approximately 250 hours of live programs and scheduled replays weekly on its Modavox VoiceAmerica(TM) Network (www.voiceamerica.com). Through its patented Modavox Central(TM) technology, Modavox "takes the search out of search," delivering content straight to desktops and internet-enabled devices. Through its proprietary StreamSafe(TM), WebcastWizard(TM) and Stream Syndicate(TM) tools, Modavox provides managed access for live and on-demand internet broadcasting and syndication; content management; and online meeting, event management, enterprise communications and distance learning.
Forward-Looking Statements
This release contains certain "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause Modavox's actual results to differ materially from those currently anticipated, including the risk factors identified from time to time in Modavox's filings with the Securities and Exchange Commission.
© 2006 PRNewswire |
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The 92nd consecutive Connect for Success Conference, July 27-29. Will be held at the Omni Royal Orleans Hotel in New Orleans, LA
(Phoenix, AZ) July 27, 2006 – An investor update will be delivered July 29, 2006 by Nathaniel Bradley, VP of Business Development & Strategic Marketing, on the market position and Internet broadcasting technology product lines of the newly restructured company created through the merger of Kino Interactive, LLC and Modavox, Inc (OTCBB:MDVX). The presentation will be posted on the Modavox corporate website at www.modavox.com on Friday, July 28 and will also be broadcast On-Demand following the event.
“We have the ability through the use of our own proprietary technologies to make it convenient for Investors to obtain the best possible update on the performance and the market position of Modavox.” states Nathaniel Bradley, “Our participation in the FSX conference, provides and excellent time honored venue for the distribution of this update.”
About FSX, inc
FSX has a nationwide network of independent broker/dealers and sponsor organizations. Our member firms have a combined sales force of thousands of licensed professionals. Their clients are looking to invest in companies of all sizes and capabilities. To date, more than $1.3 billion has been raised for presenting companies through the FSX network. Founded in 1983, FSX is one of the most reputable and established national alliances in the country for broker/dealer firms.
About Modavox
Modavox, Inc. (www.modavox.com) is a pioneer in internet broadcasting, producing and syndicating online audio and video, and offering innovative, effective and comprehensive online tools for reaching targeted niche communities worldwide. Modavox is the leading producer and distributor of online, talk radio content, streaming approximately 250 hours of live programs and scheduled replays weekly on its Modavox VoiceAmerica(TM) Network (www.voiceamerica.com). Through its patented Modavox Central(TM) technology, Modavox "takes the search out of search," delivering content straight to desktops and internet-enabled devices. Through its proprietary StreamSafe(TM), WebcastWizard(TM) and Stream Syndicate(TM) tools, Modavox provides managed access for live and on-demand internet broadcasting and syndication; content management; and online meeting, event management, enterprise communications and distance learning.
Forward-Looking Statements
This release contains certain "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause Modavox's actual results to differ materially from those currently anticipated, including the risk factors identified from time to time in Modavox's filings with the Securities and Exchange Commission.
© 2006 PRNewswire |
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80% Growth in Revenues from Comparable Period of 2005 and Progress Being Made in the Interactive Division
80% Growth in Revenues from Comparable Period of 2005 and Progress Being Made in the Interactive Division
PHOENIX, July 24 - Modavox, Inc. (OTCBB: MDVX) , a Phoenix based company that produces the online talk radio VoiceAmericaT Network and creates software solutions for online audio/visual advertising and business to business and business to consumer communications, today reported on the progress that the Company has made since its February 28, 2006 year end including its first quarter results as filed in its 10QSB on July 17, 2006.
For the three months ended May 31, 2006 , the Company reported revenues of $432,903 and a net loss of $669,233.
Revenues of $432,903 increased $192,656 or 80% over the $240,247 reported in the comparable period of the previous year. Of the increase, $143,000 arose from revenues of the Interactive Media division that was acquired in the Kino acquisition on February 28, 2006 with the remainder of the increase arising from the Broadcast media division. David Ide, CEO, stated "Although we are pleased that revenues increased in our Broadcast Media division, we are disappointed that the transition issues related to the Kino merger and other distractions outside of the normal operations of the company in March, 2006, resulted in fewer revenues from our Interactive Media division than we had anticipated. However, as we will discuss further on in this release, we are confident that the addition of our VP of Business Development and Strategic Marketing, will provide the catalyst that will allow us to achieve our Interactive Media division revenue and growth goals."
Operating expenses were $121,802 for the 2006 quarter compared to 156,552 in the comparable quarter of the previous year. The reduction of $34,750 resulted from cost cutting efforts. Selling, general and administrative expenses were $907,357 for the 2006 quarter compared to $462,616 in the comparable quarter of the previous year. The $444,741 increase in expenses in the 2006 quarter included a $125,000 separation payment to the former Chairman of the Board, $44,000 in legal expenses related to this separation and the Kino merger, and $356,000 of non-cash expenses related to the issuance of stock and warrants to resolve legacy issues and to "position" the current management and strategy of the Company. Without these charges, which aggregated $525,000, the Company would have had a decrease in selling and administrative expenses of $80,259. "We had a large number of difficult issues to deal with in the quarter" stated David Ide. "However, we believe that we have dealt with most issues and do not foresee the need to use warrants and stock in this magnitude in the future." The large charge for the use of warrants resulted from the valuation of the warrants using the Black-Scholes model as required by SFAS 123, which was adopted by the Company on March 1, 2006 .
Depreciation and amortization expense increased $78,811 to $90,990, reflecting amortization of the software assets acquired in the Kino merger. Interest expense was $535 in the 2006 quarter compared to $118,775 in the comparable period of the previous year. The decrease resulted from the conversion to common stock of outstanding debt.
The net loss for the 2006 period was $669,233 compared to $509,875 in the prior year. The loss in 2006 included the $525,000 of expenses discussed above and the $78,811 increase in depreciation expense.
"We are attempting to restructure the Company so that we have at least breakeven cash flow in the near term" stated David Ide. "In that regard, I believe that we made progress in the May quarter, as our $194,000 use of cash in operations during the quarter included the $125,000 separation payment, $31,500 in legal fees related to the issues of the quarter, $27,000 paid to the IRS for back payroll taxes, and approximately $20,000 paid on overdue payables. While we continue to have an IRS liability and overdue payables, we are optimistic about meeting our operating cash needs from operations."
While "closing" Interactive Media division contracts with customers has required long lead times, Modavox is now beginning to realize the benefits of its previous efforts. David Ide, said "We have concentrated or efforts on internet advertising, e-commerce, and e-learning customers". VP of Business Development and Strategic Marketing, Nathaniel Bradley stated "Our model contracts with these customers provide initial website and software development fees, ongoing monthly hosting and maintenance fees, and in certain contracts, fees for each e-commerce transaction or advertising sale arising from the website or software sold."
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