PHOENIX, Feb. 18, 2005 (PRIMEZONE) -- Quiet Tiger, Inc. (OTCBB:QTIG) announced today that it has received written consent from a majority of shareholders holding outstanding shares of common stock to change its name from Quiet Tiger, Inc. to MediaMax Technology Corporation. Shareholders are not required to take any action and there will not be any interruption in the trading of the Company's stock. The Company anticipates receiving a new trading symbol on or about April 4, 2005.
MediaMax Technology imparts a recognized and respected entertainment industry brand to the organization. The new name is derived from the MediaMax suite of products developed by SunnComm International, Inc. (Pink Sheets:SCMI), which is the most advanced commercially available copy management and enhancement technology in the world. The name change comes at a time when Quiet Tiger is expanding its operations worldwide.
Quiet Tiger has electronically filed a Preliminary Information Statement with the Securities and Exchange Commission, which can be viewed at the following URL:
http://www.sec.gov/Archives/edgar/data/1057024/000119983505000060/quiet-tiger_14c.txt
About Quiet Tiger
Quiet Tiger, Inc. (www.quiettiger.com) with its international reach, implements the delivery of digital content security products for the music and entertainment industry. With established long-term industry contacts throughout the world, the Company understands the challenges surrounding digital content management and protection. The Quiet Tiger team of professionals has spent more than 50 years in the music and movie industry. Quiet Tiger is the exclusive sales and marketing arm for SunnComm International, Inc.'s (Pink Sheets:SCMI) MediaMax (www.sunncomm.com) suite of products.
For additional information about the Company, its vision, philosophy, partners, and customers, please visit the Company's Web site at www.quiettiger.com or contact:
Company contact: Investor contact: Quiet Tiger, Inc. Investor Communications Consulting William H. Whitmore, Jr. (602) 231-0681 (602) 267-3800 QTIG@investorcc.com bill@quiettiger.com
This news release contains predictions, projections and other statements about the future that are intended to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of l995 (collectively, "forward-looking statements"). Forward-looking statements relate to various aspects of the Company's operations and strategies, including but not limited to the effects of having experienced significant losses in the past and the risk that the Company may incur losses in the future; the Company's limited liquidity and significant indebtedness; its sales forecasts for future periods not being attained and the risk that the Company will not conclude additional revenue-generating license agreements covering its content protection and enhancement technologies; the Company's marketing, product development, acquisition investments, licensing and other strategies not being successful; possible future issuances of debt or equity securities; the possible incurrence of significant patent litigation expenses or adverse legal determinations that find our patents not to be valid; new business development and industry trends; the possible need to raise additional capital in order to meet the Company's obligations and most other statements that are not historical in nature. Important factors that could cause actual results to differ materially from those described in the forward-looking statements are described in cautionary statements included in this news release. In assessing forward-looking statements, readers are urged to consider carefully these cautionary statements. Forward-looking statements speak only as of the date of this news release, and the Company disclaims any obligations to update such statements.