Mi Media Holdings Ltd.
Mi Media Holdings Ltd.: miRoamer Launches in Subcontinent
Mi Media Holdings Ltd. / Key word(s): Joint Venture/Alliance 08.10.2010 09:41 --------------------------------------------------------------------------- miRoamer signs License Agreement with Pearl Group India, plans to establish Joint Venture for India, Sri Lanka and Bangladesh (New Delhi - October 8, 2010) - A joint venture license agreement covering the territories of India, Sri Lanka and Bangladesh, has been signed between the world most experienced internet media provider, miRoamer and the Pearl Group of Industries, India's leading DVD & CD replicators, Manufacturers of industrial motor parts and Automobile Engine Alloys, based in New Delhi. The two companies will form a separate entity to be known as miPearl India serving exclusively the sub-continent market. Mr Rajat Behl, Chief 'Executive Officer of Pearl Group, who has many years of experience in the content production and manufacturing business, said 'Our vision is to be inside EVERY POCKET,i.e mobile phones, mp3 players etc,EVERY HOME,ie. Home entertainment systems and EVERY CAR,ie In-Car infotainment systems of the sub-continent. We want to provide the users with an infinite variety of content and our internet radio platform streaming 35000 radio stations is just the beginning of it. Our iptv and Video On Demand services will follow next, soon to be announced. The partnership of Pearl and miRoamer will revolutionalize listening and viewing habits over many internet platforms within months in the sub-continent'. India recently surpassed 700 million mobile handsets, representing one of the largest mobile usage in the world. The country is launching a nation-wide 3G network in October, which will provide tremendous growth and revenue opportunities for the telco's,handset manufacturers,home and audio system manufacturers and of course the joint venture George Parthimos, founder and CEO of miMedia Holdings who created miRoamer technologies stated today 'India and the subcontinent represent one of the world's most exciting markets and provides enormous growth opportunities for both the parties. The decision to join with the Pearl Group will set and create an enviable standard across the globe'. The Pearl Group has already received an over whelming response from the key handset manufacturers (OEM's), major telecommunication providers and the various other stakeholders including Government that will enable miPearl to quickly establish a major foothold into the sub-continent. About miRoamer miRoamer, a wholly-owned subsidiary of listed digital media company Mi Media Holdings Limited (FRA:8MK), is a category-leading software solution for enhanced Internet radio entertainment, which can be installed in a variety of consumer electronic products, including car radios, smart phones, gaming consoles and audio-visual equipment from televisions to home stereo systems. Users have access to media content from a common platform, using as many electronic products as they wish. The miRoamer Internet portal allows users to access favorite content providers and stations, as well as customize how they access them. miRoamer is licensed by some of the world's biggest and most prestigious automotive and consumer electronics companies. For more information, email janine@cause-effect.com.au, call 61-3-9417 2210 or visit www.mimediaholdings.com. About Pearl Group Based in New Delhi, Pearl group is a leading manufacturer of variety of products, like Heavy Industry Electrical Motor Parts, Automobile Engine Alloys and Data CD's and DVD's. Pearl envisions to be the most innovative company in the world and for the same it will be forever working to get the NEW to the market. PRESS CONTACT Janine Scott Cause Effect +61-3-9417 2210 janine@cause-effect.com.au 08.10.2010 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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