NEW
YORK, Oct. 19, 2022 /CNW/ - MiMedia Holdings
Ltd. (TSXV:MIM) ("MiMedia", "Company") is pleased
to announce a signed global Distribution Agreement (the
"Agreement") with Orbic North America, LLC
("Orbic").
Orbic is a leading mobile device manufacturer that operates and
distributes globally in markets such as the US, Puerto Rico, India, Taiwan, China, Australia, Japan, UK & Germany. With a full
line of mobility products, including smartphones, connected
laptops, Mobile hotspots, wearables, and tablets, Orbic aims to
offer consumers and businesses technology products with meaningful
features that benefit and enrich lives through communication
solutions. Orbic distributes its product line either directly
or via partnerships with leading telecom providers, like Verizon
and T-Mobile in the US and other carriers around the globe.
MiMedia is a next generation consumer cloud platform that
partners with smartphone makers and telecom carriers globally to
provide their consumers with a unique personal cloud experience
that enables all types of personal media to be secured in the
cloud, accessed seamlessly, across all devices and operating
systems and at any time.
As part of the multi-year Agreement, MiMedia will integrate its
platform directly onto millions of Orbic's cross platform devices,
including smartphones, tablets and laptops. MiMedia's
consumer cloud platform will provide Orbic with a churn-reducing
product, deliver immediate market differentiation and enable
multiple high-margin and recurring revenue streams.
"Orbic is excited to continue its mission in providing
meaningful user experiences across their product categories, as
well as enabling access across both Android and iOS platforms",
said Mike Narula, CEO &
President Orbic.
"We are thrilled to partner with Orbic, a company that delivers
excellent mobility products, works with world class
telecom-operators and prides itself on providing customers with
meaningful benefits that improve their digital lives. We
share a similar mission, as MiMedia strives to provide a unique and
engaging user experience to consumers with their personal content,
while keeping priceless memories safe in the cloud and accessible
on all the mobile devices that Orbic makes. It is a
meaningful and exciting event for our next generation consumer
cloud platform to be part of Orbic's mission and distribute in
their large target markets", said Chris
Giordano, CEO of MiMedia.
About ORBIC:
Orbic is a leader in the development and manufacturing of
innovative mobile products. The company offers customized products
that feature the latest technologies, to support connected lives
24/7 and people's most passionate moments in time. With
agility and speed-to-market, Orbic gets customers the mobile
products and features they want and need with fair value in mind.
Orbic is a women owned minority business, based in the U.S. with
manufacturing operations in India
and China. For more information, please visit
www.orbic.us
About MiMedia:
MiMedia Holdings Inc provides a next-generation consumer
cloud platform that enables all types of personal media to be
secured in the cloud, accessed seamlessly at any time, across all
devices and on all operating systems. The company's platform
differentiates with its rich media experience, robust organization
tools, private sharing capabilities and features that drive content
re-engagement. MiMedia partners with smartphone makers and telecom
carriers globally and provides its partners with recurring revenue
streams, improved customer retention and market differentiation.
The platform services millions of engaged users around the
world.
Notice regarding
forward-looking statements:
This release includes forward-looking statements regarding
MiMedia, and their respective businesses, which may include, but is
not limited to, statements with respect to the completion of a
Transaction, appointment or any other decision made by the
business. Often, but not always, forward-looking statements can be
identified by the use of words such as "plans", "is expected",
"expects", "scheduled", "intends", "contemplates", "anticipates",
"believes", "proposes" or variations (including negative
variations) of such words and phrases, or state that certain
actions, events or results "may", "could", "would", "might" or
"will" be taken, occur or be achieved. Such statements are based on
the current expectations of the management of MiMedia. The
for-ward-looking events and circumstances discussed in this
release, may not occur by certain specified dates or at all and
could differ materially as a result of known and unknown risk
factors and uncertainties affecting the companies, including risks
regarding the MiMedia industry, failure to obtain regulatory or
shareholder approvals, economic factors, the equity markets
generally and risks associated with growth and competition.
Although MiMedia have attempted to identify important factors that
could cause actual actions, events or results to differ materially
from those described in forward-looking statements, there may be
other factors that cause actions, events or results to differ from
those anticipated, estimated or intended. No forward-looking
statement can be guaranteed. Except as required by applicable
securities laws, forward-looking statements speak only as of the
date on which they are made and MiMedia undertakes no obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future events, or otherwise.
SOURCE MiMedia