StockGuru Breaking News:

TMM Inc. Enters Alliance Agreement With Geppetto Avatars, Inc. for Joint Sales and Marketing Initiative

 

Today’s Release: 

TMM, Inc. (OTC PINK: TMMI) (“TMMI”) or (the “Company”) is pleased to announce that it has entered into a joint sales and marketing agreement with Geppetto Avatars, Inc. to advance the sale of TRUDEF(TM) video compression technology owned by TMM in various customer applications. Both companies have committed resources to the venture with the goal of finding solutions to reduce bandwidth costs and improve image quality.

Geppetto Avatars (www.geppettoavatars.com) has developed a proprietary avatar technology platform, which enables virtual characters to listen, observe, move and feel emotions of the conversant and serves as a linguistic user interface. GA has developed a platform that allows digital characters to talk with people. The use of natural language voice input, common question-answer interaction, and high-quality graphical presentation means people may now talk directly with a software robot in any computer or mobile device. The Geppetto Avatars ACTR platform allows full cinematic and multimedia presentation of hard data. This kind of contextualized training allows better relationships with data through natural language.

TMMI (www.tmmi.us) specializes in developing and distributing TRUDEF digital video compression and in creating engineering solutions for image management technology based on User Defined Requirements as well as unique Off-The-Shelf solutions that give TRUDEF users Better Pictures. Smaller Files.(SM)

The two companies have established the alliance to provide joint products and services to their respective customers and prospects.

“It’s natural synergy,” said Gerard V. Cavanaugh, TMM CEO, “to work with a company like Geppetto Avatars. We have committed to develop custom engineering solutions using TRUDEF video compression to improve the user’s efficiency and performance. User’s can maintain digital file integrity as they reduce video file size and bandwidth requirements. This will improve the GA user experience and streamline integration into their customer’s workflow. It’s the first step in building a strong relationship.”

ON BEHALF OF THE TMMI BOARD OF DIRECTORS OF TMM, INC.:

GERARD V. CAVANAUGH, CHAIRMAN AND PRESIDENT

Safe Harbor Statement

The information in this release contains forward-looking statements which involve risks and uncertainties, including statements regarding the Company’s capital needs, business strategy and expectations. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements, which may be identified by terminology such as “may,” “should,” “will,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “forecast,” “project,” or “continue,” the negative of such terms or other comparable terminology. Readers should not rely on forward-looking statements as predictions of future events or results. Any or all of the Company’s forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions, risks and uncertainties and other factors which could cause actual events or results to be materially different from those expressed or implied in the forward-looking statements. Factors may cause the Company’s actual results to differ materially from any forward-looking statement. In addition, new factors emerge from time to time and it is not possible for the Company to predict all factors that may cause actual results to differ materially from those contained in any forward- looking statements. The Company disclaims any obligation to publicly update any forward-looking statements to reflect events or circumstances after the date of this document, except as required by applicable law.