GOLDEN, Colo., March 8, 2005 (PRIMEZONE) -- HumWare Media Corporation, (Pink Sheets:HMWM) announced today that it has signed a Letter of Intent (LOI) with Timeless Sports Media, LLC, a Colorado Corporation. Under the terms of the LOI, HumWare Media Corporation and Timeless Sports Media have agreed to merge their operations.
Founded by Jason Patterson in 1998 and located in Denver, Colorado, Timeless Sports is a premier professional athlete Internet services company that specializes in creating a customized Internet presence to maximize professional athletes online marketability. Timeless Sports Media offers the athletes and agents they represent the ability to maximize the untapped potential of related services through an exclusive agreement based on the cornerstone of the player's web site. These related services include, eBay sales, an autographed authenticity system, fan club management, a customized athlete Internet store and branded fantasy sports games as well as exclusive autograph appearances for fans to meet and obtain autographs from both current professional athletes as well as retired legends.
Jason Patterson, CEO of Timeless Sports commented, "This merger positions the Company for exponential future growth when integrated with HumWare Media's numerous distribution channels and we look forward to joining the team."
The sports collectable industry is $2 billion strong and has seen historic growth in the past few years led by Generation X and the 'Baby Boomers' demand for jerseys, balls, autographs, and trading cards. Timeless Sports provides the retail outlet for customers to purchase these items from our appearances as well as products from the best companies in the sports collectibles industry. For more information on Timeless Sports and its products please visit www.timelesssportsmedia.com or www.timeless-sports.com.
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 product 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 affiliates, 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.
Corporate 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.