Compress Technologies, Inc. Year in Review -- 2007 Goals Being Accomplished
Compress Technologies, Inc. Year in Review -- 2007 Goals Being Accomplished
SARASOTA, Fla., Dec. 5 /PRNewswire-FirstCall/ -- Compress Technologies, Inc. (BULLETIN BOARD: CTLG) , a technology based company with patented and protected applications that improve bandwidth and Network Topographies announced today that the company is meeting its corporate goals for 2007. The company has introduced a Cable Television bandwidth saving technology that is under evaluation by the Cable Television industry. CTLG's engineers have produced a working prototype FM-SCA radio receiver. Currently FM-SCA radio technology is moving from the prototype stage to pre-production development. CTLG's U.S. licensee is currently designing and testing components of what they believe will ultimately become a production product. The company is currently negotiating to acquire other businesses to meet its business plan. Mr. John Medico, Sr., CEO says, "CTLG is financially sound and expects 2008 to be a good year."
ABOUT COMPRESS TECHNOLOGIES, INC.
Compress Technologies, Inc., (CTI), is a Nevada based technology company with regional offices in the Tampa, Florida area and Engineering laboratories in Miami, Florida. CTI has garnered a group of Patented and protected core technology solutions utilizing both hardware and software applications designed to greatly improve the efficiencies of bandwidth and Network Topographies for the Cable TV, FM-SCA Radio, Satellite and Wireless Industries. Many of CTI's technologies in short claim that they "without loss of integrity shrink the size of digital packets to about 2% to 5% of their original size."
You may have heard of HD or "High Definition" radio being advertised as the new wave of radio. CTI's technology goes beyond High Definition to HDE (High Definition Expanded) radio. CTI's High Definition Expanded radio offers more than just one or two new programs next to an existing FM radio station. Currently CTI engineers have developed HDE to 15 channels and expect soon move the capacity to (50) fifty MPEG 3 fully digital channels next to an existing analogue FM radio frequency.
Many smaller and rural Cable Television networks offer only 50 or 60 or maybe 100 channels of cable viewing. Most of these cable TV operators cannot afford the high cost to upgrade their systems. CTI's "Bandwidth Enhancement" technology is currently being tested to add 50 to 100 additional digital cable channels over existing outside plant.
CTI is in various stages of negotiations with several potential major companies interested in CTI's application technology for International and Domestic deployment.
CTI has currently executed a FM-SCA License Agreement with a group whose principals own multiple US based radio stations. This group has announced that it expects to deploy CTI's High Definition Expanded radio technology into the top (50) fifty U.S. markets and more.
CORPORATE FOCUS -- Currently CTI is focused on Engineering and Product and Application development and deployment. Management believes that value is added exponentially through acquisition. CTI is continuously seeking and evaluating potential corporate candidates for inclusion into CTI. Funds derived from the sale of HDE and Bandwidth Enhancement licenses are allocated for expansion through acquisition.
TECHNOLOGIES
VMSK -- VMSK is both a hardware and software application and can reduce bandwidth and increasing channel capacity. Data can also be encrypted to ultra high levels for secure transmissions.
MSB -- Represents the latest in variation in modulation methods. The Petrol-Chemical industry in general, oil and gas line drilling and transmission facilities in specific are interested in its utilization. MSB devices can assist in receiving data from remote sites detailing oil flow, volume, speed, temperature, viscosity and etc.
MARKET CAP AND VOLUME OF FREE TRADING SHARES (FLOAT) The company has 564 shareholders and 9,060,000 common free trading shares (in the float) that are not subject to any lock-up or leak-out restrictions. Based upon the total number of issued shares (89,145,000) and the initial per share ask price ($0.40) the company would have a current Market Cap in excess of $35M.
ADDITIONAL INFORMATION about Compress Technologies, Inc., as well as Corporate structure and stock capitalization, can be viewed on the company's web site: www.coteinc.com.
SAFE HARBOR
Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made by Compress Technologies, Inc. are not a guarantee of future performance. This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Compress Technologies, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition.
First Call Analyst:
FCMN Contact:
Source: Compress Technologies, Inc.
CONTACT: Investor Relations, investor_relations@coteinc.com, or John
Medico, Sr., CEO, Compress Technologies, Inc., +1-941-373-1335,
ceo@coteinc.com
Web site:
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