Tampa, Florida, United States
ioWorld Media ("ioWorld" or "the Company") (Pink Sheets:IWDM) announces that www.radioio.com has executed a distribution agreement with Geodesic (www.geodesiconline.com) to provide presets for all radioIO Channels on an upcoming release of Geodesic's popular "MUNDU" product (www.mundu.com). Through this agreement Geodesic has agreed to pay the Company a fixed fee for access to its content package. Further, the distribution agreement contemplates an aggressive advertising program that will provide significant additional revenue to the Company.
MUNDU is a comprehensive instant messaging platform and application enabling real-time collaboration between social network members across public wireless networks on web enabled desktop and mobile phones. The particular version of MUNDU that will feature radioIO is being created for IDEA Cellular, and will put the radioIO brand and channels on millions of cellular devices in less that a year.
IDEA Cellular (www.ideacellular.com) is India's leading GSM Mobile Services operator, with a customer base of 17 million users. IDEA Cellular's footprint currently covers approximately 45% of India's population and over 50% of the potential telecom-market of India.
"We have been exploring relationships in the wireless space for some time now and are very excited with our new distribution partner Geodesic," commented Mike Roe, Founder of www.radioio.com. "We believe that the future of radio is internet radio, and the future of the internet is wireless. This distribution partnership is in keeping with these beliefs."
About ioWorld Media
ioWorld Media, Inc. (Pink Sheets:IWDM) is dedicated to identifying, testing and marketing innovative media alternatives to consumers. ioWorld Media currently owns www.RadioIO.com and SearchPlay, LLC. SearchPlay(TM) technology moves the internet search engine inside the media player, revolutionizing the way listeners search while listening online. ioWorld Media, Inc. is headquartered in Tampa, FL.
Certain statements in this release could constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Except as otherwise stated in this news announcement, ioWorld Media, Inc. does not undertake any obligation to publicly update or revise any forward-looking statements because of new information or future events.
Source: Business Wire (Business Wire India)