Profile: Mergence Corp (MRGN.PK)
Mergence Corporation, incorporated in 1988 as Tri-Nem, Inc., is in the process of a transition and is undergoing a series of transactions intended to transform the Company and to strategically move forward with new market opportunities. Its primary activities consisted of developing and marketing media rights management solutions, encryption and key-clearing services, video-on-demand services and video streaming through the Internet, software sales through the Internet, video encoding, compression and authoring, raising capital and acquiring businesses. It also developed personal computer utility products, primarily for the Internet user. The Company changed its name from Esynch Corporation in February 2004. In April 2004, the Company acquired eMOD Systems, Inc., a digital solutions company concentrating on the distribution of digital video content to the hotel industry.
During 2002, the Company continued sales of its utility software products, including RamOptimizer, InvisibleFolders, StartUpManager and BroadbandWizard, through Kiss Software Corporation. In February 2003, the product rights of Kiss Software Corporation were disposed of. Mergence entered into an irrevocable escrow agreement to acquire all of the outstanding common and preferred shares of Nacio Systems, Inc. (NSI), subject to a successful completion of the plan of reorganization. NSI amended the Plan in April 2003, which was approved by the Bankruptcy Court's in May 2003 that ordered that the Mergence undo the previous acquisition of NSI capital stock and undo the stock issuance consummated by the Company. Mergence had issued post-split in connection with this acquisition and all shares have subsequently been voided.
In March 2004, Oxford Media Corp., a Company-owned subsidiary focusing on acquiring digital video on demand companies, has entered into a letter of intent to acquire eMOD Systems, Inc, a digital solutions company concentrating on the secure high-quality distribution of digital video content to the hotel industry.
1 Technology Dr Bldg H
IRVINE CA 92618-5300