Modavox Enters into Letter of Intent to Acquire TalkZone
TalkZone.com, Part of Syndication Networks, a Leading Syndicator
of Quality Programs to Radio Stations Across North America, Company
Consistently No. 1 Ranked on Google for Radio Syndication
PHOENIX--(Business Wire)--
Modavox, Inc. (OTCBB: MDVX), Internet broadcasting pioneer and
holder of several patented technologies, today announced that it has
entered into a letter of intent (LOI) to acquire TalkZone
(www.talkzone.com).
TalkZone.com is part of Syndication Networks Corporation, a
leading syndicator of quality terrestrial radio programs to over 1,700
over-the-air radio stations and 90% of rated U.S. markets across North
America. The company has been in business since 1993, with an
established online presence since 1996. Consistently No. 1 ranked on
Google for radio syndication, Syndication Networks offers a wide array
of brand name radio shows. The company is the leading online resource
for hosts and producers who want to syndicate. Their staff has over
150 years' experience in radio programming and syndication -- and that
experience was put to work in creating TalkZone.com.
Unlike other Internet talk radio networks, TalkZone offers show
hosts the powerful potential of both Internet and over-the-air radio
syndication -- along with extensive marketing and interactive
solutions. Show hosts include those who are just getting into radio
for the first time, along with veteran broadcasters and major networks
seeking larger audiences and revenues for their programs. TalkZone
Internet Network reaches the U.S. and over 142 countries and 8,600
cities worldwide.
Chris J. Witting, CEO and founder of TalkZone.com and Syndication
Networks Corporation (SNC), stated, "We are excited about the
opportunity to work with David Ide, Jeff Spenard and the Modavox team
as they acquire TalkZone and license the services of Syndication
Networks for terrestrial distribution of their Internet talk shows."
David J. Ide, Modavox chief executive officer, stated, "We're
pleased to have entered into this letter of intent to acquire
TalkZone. The synergies between our VoiceAmerica(TM) and World Talk
Internet radio networks and TalkZone are numerous. Most importantly,
the acquisition of TalkZone will allow us to offer syndication to our
existing hosts, a value that materially enhances our already
impressive distribution capabilities. The acquisition of TalkZone is
the next logical step in further bolstering our position as the
leaders in Internet talk radio."
About Modavox
Modavox, Inc., the customized communications company, is a pioneer
in Internet broadcasting, producing and syndicating online audio and
video, offering 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. For more information, please visit www.modavox.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.
C&H Capital, Inc.
Jason Assad, 678-570-6791 (Investors)
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