ALTAMONTE SPRINGS, Fla., Sept. 14, 2006 (PRIMEZONE) -- Metropolis Technologies Corp. (Pink Sheets:MTPT) announced today that the Company will be moving its corporate head office from Port of Spain, Trinidad to Orlando, Florida.
Michael Smith, president, stated, "Metropolis Technologies has made great progress over the past four months and as a result has reached a new stage of maturity as an organization. The company has successfully penetrated the U.S. market with its turnkey e-ticketing solutions and has built a number of significant, revenue based alliances that the company expects to announce in the coming weeks.
"The reality of Metropolis Technologies today is that we're a rapidly growing company and our most opportune relationships exist within North America. Coupled with that, the company trades on a U.S. based exchange and thus, the Board of Directors and I agree that the company must be domiciled within the continental United States."
Smith added, "While we continue to push aggressively into the South American and Caribbean markets, the sheer scale of opportunity we have uncovered in the United States and Canada cannot be ignored and in fact must be leveraged to the maximum capabilities of the Company."
The company has chosen Orlando, Florida as its new corporate headquarters for four key strategic reasons:
1. Orlando is a major travel, entertainment, convention and
business hub within North America;
2. Orlando draws a massive international audience on a
sustainable level;
3. A key strategic partner, whom the company intends to announce
shortly, is located in the Greater Orlando area;
4. Orlando has a major international airport, allowing the
Metropolis Technologies sales group to travel to important
business meetings and negotiations with relative ease versus
its previous location in Trinidad.
About Metropolis Technologies Corp.
Metropolis Technologies Corp. 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.
Metropolis Technologies Corp. acquires and distributes transaction and database driven software products designed exclusively for the Internet that are then sold or licensed to customers.
This announcement contains forward-looking statements regarding Metropolis Technologies Corp. 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, but are not limited to, the timing of the closing of the transaction, the possibility that the transaction may not close, the reaction of the users of Metropolis Technologies' services, the future growth of Metropolis Technologies' user base and public acceptance of Internet services, rapid technological changes in the Internet sector, the reaction of competitors to the transaction, global developments in the regulation of Internet services. The possibility that integration of Metropolis Technologies' offerings following the transaction may be more difficult than expected, and the possibility that entry by Metropolis Technologies into potential new lines of business will not be successful. All forward-looking statements are based on information available to Metropolis Technologies on the date hereof, and Metropolis Technologies Corp. assumes no obligation to update such statements.