ALTAMONTE SPRINGS, Fla., Oct. 9, 2006 (PRIMEZONE) -- Metropolis Technologies Corp. (Pink Sheets:MTPT) announced today that the company has been chosen as the exclusive ticketing provider to FEYM Entertainment Corp., www.feymentertainment.com
FEYM Entertainment Corp. is a seasoned producer and entertainment production company specializing in music-related marketing strategies for live events and corporate communications. Carlos M. Feliciano, Esq., President of FEYM stated: "Partnering with Metropolis Technologies will provide our company with the ability to completely manage all of our ticket sales through their exceptional, customized e-ticketing software and database solutions. We considered a number of competitors during our selection process and ultimately it became clear to all of our partners that Metropolis was best-positioned to facilitate our needs today and well into the future. We are extremely pleased with our decision."
FEYM will announce shortly a spectacular 12-concert line-up for 2007. Metropolis' revenues for the series are projected to exceed $1,500,000 over the next twelve months.
Metropolis Technologies, President, Michael Smith stated: "We are obviously very pleased to be entering into a long-term relationship with FEYM Entertainment Group. The backgrounds of the principals, their decades of live event experience and their incredible connectivity to the Hip Hop and Latin Urban music genres is exceptional. This is another key win for Metropolis and one in which the company will begin to generate revenues from a previously untapped genre. We look forward to servicing the upcoming concert series for FEYM and are already planning numerous additional events and exploring incremental revenue streams to be shared between the two companies."
About Metropolis Technologies Corp.
Metropolis has a strategic platform to capitalize with the present and future way in which businesses, associations, artists and 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.
The Metropolis Technologies Corporation logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2913
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.