GOLDEN, Colo., Feb. 15, 2005 (PRIMEZONE) -- HumWare Media Corporation, (Pink Sheets:HMWM) announced today that it has signed a Letter of Intent (LOI) with Fantasy Online Sports, LLC, a Colorado company. Under the terms of the LOI, HumWare Media Corporation and Fantasy Online Sports, LLC have agreed to merge their operations.
Fantasy Online Sports, LLC, with products dating back to 1991, has developed, operated and provided customer care for over 200,000 participants through a first-class network of fantasy contests including: Football, Baseball, Basketball, Hockey, Auto Racing, Golf, and Financial Stock Market Simulation Games.
Founded by Brian Schneider and Steve Rutkowski, the Company brings tremendous knowledge and experience in this industry as proven by their remarkable results: having built a business from the ground floor, developed proprietary technology and maintaining strong affiliation in the industry. (Brian sits on the Board of Directors of the Fantasy Sports Trade Association.)
Brian Schneider, President of Fantasy Online Sports commented, "This merger presents a strong strategic move that offers synergy and long-term potential in a growing marketplace."
In addition to positioning itself to be a leader in the consumer fantasy sports marketplace, the Company has developed a strategy of building revenue through private-labeling their solutions to high-profile clients looking to showcase products or build product awareness, including local event style games, and those that cater to traditional land-based companies across the country.
John Huemoeller II, CEO of HumWare Media Corporation commented, "This strategically positions the Company for future growth. Management believes that by integrating Internet, print and promotional offerings the company will solidify itself as a leader in the $500 billion business-to-consumer ad/promotion industry."
About HumWare Media Corporation
HumWare Media Corporation (Pink Sheets:HMWM) has diversified operations that develop and deliver unique and highly integrated Internet, print and software offerings. The Company creates products for sports, education and health care consumer markets, as well as, private-labeled business-to-consumer advertising/promotion solutions. The Company's distribution channels include retail, direct sales to businesses, online and through our retinue of affilliates, associates and independent distributors. The Company is pursuing a strategy of growth through acquisition of complimentary companies to create synergies and exploit traditional and emerging distribution channels.
Headquarters are located at 78 Rogers CT. Golden, CO 80401.
Safe Harbor Statement
All statements other than statements of historical fact included in this press release are "forward-looking statements." The forward-looking statements, including statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements (i.e., future operational results and sales) are subject to assumptions and beliefs based on current information known to the Company and factors that are subject to uncertainties, risk and other influences, which are outside the Company's control, and may yield results differing materially from those anticipated.