ALTAMONTE SPRINGS, Fla., Oct. 5, 2006 (PRIMEZONE) -- Metropolis Technologies Corp. (Pink Sheets:MTPT) announced today that tickets for Cornstock 2007 have gone on sale exclusively through the company's e-ticketing solution, which has been integrated into the Cornstock website (www.cornstockconcert.com).
Metropolis anticipates that its top-line revenue associated with the Cornstock 2007 concert will exceed $2,000,000 based on Cornstock's anticipated attendance of 100,000+ patrons per day over the period of the Festival.
The event, originally slated for October 2006, will be held on the 13th, 14th and 15th of April 2007 at the New Smyrna Speedway, New Smyrna Beach, Florida. The three-day, festival style concert will include many of country music's best known entertainers.
Bob Stevens, Managing Director of Cornstock Concert, The Series LLLP, stated, "I've grown up in the entertainment industry, and over those many years, I have never come across a partner quite like Metropolis. The sheer magnitude of this event requires precise and continual communication between all parties. To date, Cornstock has had hundreds upon hundreds of contributors, including staff, volunteers, suppliers, government agencies and fortunately, strategic partners like Metropolis."
Stevens added, "We compared Metropolis' ticketing solutions, customer service and critical strategic feedback against some of the best offerings in the business, and in our minds, they are miles ahead of the competition. Their e-ticketing, database marketing and box office solutions, coupled with their staff and strategic partners, were able to provide Cornstock with a turnkey package. Moreover, they also introduced us to several new and significant revenue opportunities. Suffice it to say, we're thrilled to be partners with Metropolis and we expect the relationship to continue for years to come."
Michael Smith, President, stated, "We are deeply gratified that Cornstock Concert, The Series LLLP has chosen Metropolis Technologies Corp. as the exclusive vendor to provide e-ticketing for the Cornstock 2007 concert. We have successfully competed against the entrenched players in the industry and have won. The marketplace understands our value proposition and our intense commitment to delivering on our clients' needs. The response continues to be overwhelming. On behalf of Metropolis and our valued shareholders and partners, I look forward to making similar announcements of this nature over the coming weeks, months and years. Our company is growing and our future has never been brighter."
About Metropolis Technologies Corp.
Metropolis has a strategic platform to capitalize with the present and future way in which businesses, associations, artists & entertainers, venues and consumers communicate, create partnerships and develop revenue generating activities and transactions within the online universe.
Our mission is to innovate -- bringing the power, ease of use and massive reach of the internet together with our constantly evolving software solutions to deliver better products, customized services and unique business solutions. Today, Metropolis is offering highly advanced, scalable e-ticketing and portal solutions to clients in North America, South America and the Caribbean with a deeper commitment to provide our products and solutions to clients and consumers on a global scale.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "pleased," "plan," "confident that," "believe," "expect," "intend to," or "anticipate" and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements.
Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the company's SEC reports and filings. 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.
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