Rosca Enters into LOI for Acquisition of Secure Path Technology, LLC

Wed Nov 4, 2009 6:17pm EST
 
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SAN DIEGO--(Business Wire)--
Rosca, Inc., a Nevada corporation (OTCBB: RSCA) (the "Company"), entered into a
Letter of Intent (the "LOI") with the members of Secure Path Technology LLC
("Secure Path")for the acquisition by the Company of 100% of the outstanding
membership interests in Secure Path, in exchange for Four Million Five Hundred
Thousand (4,500,000) shares of the Company`s common stock. 

Secure Path is a major Registration Agency for the International Standard
Audiovisual Number ("ISAN") in North America and is the exclusive global
Licensing Agency providing commercial access to the ISAN database. 

ISAN is an ISO (International Standards Organization) standard which provides a
unique, permanent and internationally recognized reference number for the
identification of every audiovisual work, including film, television, online and
mobile content, regardless of the format in which the work is distributed (e.g.
theatrical, DVD, streaming media). The ISAN code was developed to be the
identifier for the audiovisual (AV) industry`s supply chain, just as the ISBN
code is the unique identifier for publications and the foundation for all
tracking (e.g. distribution, inventory, royalties) for the global publishing
industry. 

The ISAN standard was initiated in order to make more efficient the process of
identifying audiovisual works, and significantly enhance their ability to
collect, distribute and/or receive royalties and residuals. 

Secure Path holds two seats on the 12 member Administration Committee which
oversees ISAN-IA, with responsibilities including budget, policy and the
approval of new Registration Agencies. Secure Path also holds one seat on the
three-member Executive Committee, which has direct oversight of ISAN
International Agency`s personnel. This new governance structure ensures that
Secure Path will be integrally involved in guiding the development of the
standard in a way that is amenable to the markets the Company serves, and
commercially viable. 

NOTE: The information contained in this press release contains forward looking
statements which are based on the current expectations of the management of
Rosca, Inc. only, and actual results may differ materially. For a more detailed
discussion of risks and other factors related to Rosca, Inc., please refer to
its Form 10-K and Form 10-Q reports, as filed with the U.S. Securities and
Exchange Commission.

For Rosca, Inc.
Brian Weiss
949-933-7011
bweiss@bswassociates.com



Copyright Business Wire 2009

 

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