ORLANDO, Fla., Aug. 3, 2006 (PRIMEZONE) -- Metropolis Technologies Corp. (Pink Sheets:MTPT) announced today that its subsidiary CyberGlobe International Holdings AVV Limited has signed an agreement to provide ticketing for Cornstock Florida 2006 (www.cornstockconcert.com) -- the greatest Country Western concert to ever be held in the United States with an expected attendance in excess of 500,000.
Michael Smith, President, stated, "The software allows event organizers to manage the event and create ticket types, assign pricing, and sell tickets online and through their satellite box offices. The system provides event organizers with real time inventory and sales statistics. Tickets are processed and fulfilled electronically through the system with the ability to support inventory, facility charges, processing charges and taxes."
Cornstock Concert, The Series' CEO, Bob Billingsley, stated, "It takes a lot to put on a concert of this magnitude. We are very fortunate to have team members such as Metropolis Technologies Corp. with the highest level of communication and dedication working for us. Metropolis Technologies Corp. has gone above and beyond in assisting us to put together a concert that will be an unforgettable event. Metropolis Technologies Corp. is a firm filled with talented, experienced and highly-trained professionals that conduct their work with passion and integrity."
Patrons purchase tickets through their personal computer, select the quantity, and choose the method of payment and then print the bar coded tickets. The tickets are redeemed at the venue entrance via the scanning of a bar code. Key advantages of the system are that it is deployed through the Internet and it is managed by the event organizer with little assistance from CyberGlobe. Clients have complete control over events while reducing administrative overhead for CyberGlobe. This strategy is in keeping with CyberGlobe's business model of providing high quality products to its customers, with high profit margins.
About Metropolis Technologies Corp.
Metropolis has a vision of improving the way individuals, businesses and governments communicate, create partnerships, develop revenue generating activities, and grow within a community. Our mission is to innovate, bringing people and ideas together to deliver better products, innovative services and unique business opportunities to a global marketplace.
About CyberGlobe International Holdings AVV
CyberGlobe enables e-commerce on a local, national and international basis with an array of interconnected portals. CyberGlobe will become a premier provider of local information in the markets that its Portals serve on topics ranging from restaurants and shopping to travel and professional services.
Cornstock Concert, the Series LLLP
Cornstock Concert, the Series LLLP in coordination with Crowd Pleaser Artists is organizing what has been termed the greatest concert ever produced in the United States. Twenty-one top recording artists in country music will perform for three days in sunny Central Florida October 6th, 7th and 8th.
To date, over 30,000 man hours and hundreds of thousands of dollars have been spent to produce this event. The expected attendance is 250,000 per day. Cornstock Concert, the Series LLLP will make sizable donations to "Habitat for Humanity" and "Homes for our Troops" to name a few.
This announcement contains forward-looking statements regarding Metropolis Technologies Corp. and CyberGlobe International Holdings AVV. Those statements involve risks and uncertainties, and actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include the future growth of CyberGlobe's user base and public acceptance of Internet services, rapid technological changes in the Internet sector, and global developments in the regulation of Internet services. All forward-looking statements are based on information available to Metropolis Technologies Corp. on the date hereof, and Metropolis Technologies Corp. assumes no obligation to update such statements.