WinSonic Digital Media Group, Ltd. Releases Business Update to Shareholders
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ATLANTA, GA, Oct 08 (MARKET WIRE) --
WinSonic Digital Media Group, Ltd. (PINKSHEETS: WDMG) (www.winsonic.net),
facilities-based digital media company, September 30, 2009 released the
following business update to shareholders.
WinSonic Digital Media Group, Ltd. (WDMG) has achieved numerous major
milestones since it began trading on the Pink Sheets. WDMG engaged an
Atlanta based CPA firm to complete the 10K 2008 Audit and 2009 first,
second, and third quarter 10Q's. WinSonic Digital Cable Systems Network
(WDCSN) was approved to launch its national, digital TV transport network
schedule in the first Quarter of 2010. WDCSN will offer an extensive
content library with transport rights from top national programmers, cable
networks, linear programming, established music libraries, and Video on
Demand (V.O.D.) rights from major Hollywood movie studios. "Working with
our partners, WDCSN will offer solutions completely dedicated to the
highest quality digital delivery of television, video and music content to
our client subscriber base," said Winston Johnson, CEO of WinSonic Digital
Media Group, Ltd. "Our network has been focused solely on digital video,
digital music and digital television services. We have structured our
product offerings in a manner that optimizes the experience for both
network and customer subscribers." WinSonic Digital Cable Systems Network
has secured contracts for digital video, digital music, and digital
television distribution services.
WDMG is currently developing the WinSonic web site, complete with new
interactive features, investor relations, and distribution portals
designed to increase traffic and brand loyalty of our subscribers. The
company anticipates announcing the new site launch shortly.
WDMG has signed Master Services Agreements (MSA's) with various companies
in the range of 5 million dollars. WDCSN (a subsidiary of WDMG) signed
distribution agreements that will bring our network reach up to 10 million
subscribers and 1.8 million households via fiber-to-the-home. In addition,
WDCSN estimates its digital services will reach 1 million broadband
subscribers via the Internet in 2010. We are currently in negotiations for
several multi-year contracts with other major broadband, cable and IPTV
service providers.
In addition to these steps, WDMG has hired in house legal counsel to
oversee the Internal Legal and Business Affairs Department. WinSonic is
also in the process of retaining a top international law firm to represent
WDMG and WDCSN in global entertainment, SEC, FCC, PUC, Intellectual
Property, new media, corporate and litigation matters.
In addition to previous announcements, WDMG and Solink have teamed up to
deploy a chronic disease management system on the WinSonic Digital Cable
Systems Network. Solink offers a chronic disease management system that
coordinates care of patients with diabetes, hypertension, asthma and other
chronic diseases with their physicians. Our (WinSonic & Solink)
MyMdOfficeLink(TM) product is the initial product offering providing
online tools for self management, education and social networking
enabling doctors to coordinate care with patients in their homes or
community based kiosks.
Our clients are healthcare providers, payers and/or patients who seek to
lower healthcare costs without compromising quality. This is accomplished
through efficient management of chronic disease treatment by increasing
the accessibility of medical information and treatment online.
The online chronic disease management market is growing rapidly and is
currently projected to exceed $25 billion annually. The market is
virtually untapped with less than 5% of the needs of chronic illness
patients addressed. The United States represents approximately 60 - 70 %
of this market. General Electric, Phillips, Microsoft, SUN, Intel, Cerner,
McKesson and other fortune 500 companies are currently seeking to
penetrate this market; however there is no dominant, full service health
information technology company offering a comprehensive chronic disease
management product. The federal government has set the bar for physicians
and healthcare payers to manage patients more closely, particularly those
with chronic diseases. One way this is accomplished is by linking
reimbursement directly to their ability to coordinate and provide care
outside of the physician's office.
The stage is set for the exponential growth of online management products
offered by WinSonic and Solink. To date agreements have been signed with
Blue Cross Blue Shield of Maryland, Medical Home Model with MedPedsof
Maryland, Sun Microsystems SevocityClose, Healing our village, United
Healthcare and Americhoice.
Additional projects and agreements include:
WDMG headquarter operations and WDCSN Network operations facilities
(Network & Lab) Intellimesh Systems, Hah TV Network, Aspera, BBN, Tulix,
Internap, Verizon, & AT&T
WinSonic and its subsidiaries will provide products, training and support,
establishing technical teams for future development of marketing and
product services. If WinSonic can accomplish all of these objectives the
company believes the result will bring about significant market traction,
increased revenue and shareholder value. We believe it will realize
revenue by the end of the third quarter. The company anticipates
additional funding in the near term. The amount raised will cover
operational and contract milestones as well as capital development costs.
Capital proceeds will be used for working capital, administrative
infrastructure, business, accounting and legal systems. In addition,
WinSonic anticipates additional hardware and software acquisitions,
investment in sales, marketing, new technology and customer support. A
portion of the proceeds will include reduction of debt and financing for
partnership development. Exponential market penetration can only occur by
establishing strategic alliances with synergistic support partners.
Included in this amount are costs associated with a Series B Preferred
funding to retire corporate debt.
Once the funding initiative is completed the company will be poised for
solid growth in 2010 and beyond.
About WinSonic Digital Media Group, Ltd.
WinSonic Digital Media Group, Ltd. is a facilities-based media
distribution solutions company with a distinctive video transport concept
that enables users to view, interact, and listen to all types of audio,
online video, and digital TV, in full-screen format, at high speeds,
superb quality, and greatly reduced costs, while reducing the need for
expensive high-speed connections. Statements in this press release are
certain statements which are not historical or current fact and
constitute "forward-looking statements" within the meaning of such term
in Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Such forward-looking statements involve
known and unknown risks, uncertainties and other factors that could cause
the actual financial or operating results of the company to be materially
different from the historical results or from any future results
expressed or implied by such forward-looking statements. Such
forward-looking statements including, but not limited to, our
aggressively focus on customer growth and leveraging its relationships
with major corporations into revenue growth opportunities, based on our
best estimates of future results, performance or achievements, based on
current conditions and the most recent results of the company. In
addition to statements which explicitly describe such risks and
uncertainties, readers are urged to consider statements labeled with the
terms "opportunity," "believes," "belief," "expects," "intends,"
"estimates," "anticipates" or "plans" to be uncertain and forward-looking.
The forward-looking statements contained herein are also subject generally
to other risks and uncertainties that are described from time to time in
the company's reports and registration statements filed with the
Securities and Exchange Commission. Consequently, all of the
forward-looking statements made in this press release are qualified by
these cautionary statements and there can be no assurance that the actual
results anticipated by the company will be realized or, even if
substantially realized, that they will have the expected consequences to
or effects on the company or its business or operations.
Contact:
WinSonic Digital Media Group, Ltd.
Investor relations: 404-223-2301 ext 4000
investorrelations@winsonic.net
Copyright 2009, Market Wire, All rights reserved.
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