ALTAMONTE SPRINGS, Fla., Oct. 19, 2006 (PRIMEZONE) -- Metropolis Technologies Corp. (Pink Sheets:MTPT) announced today that it continues to reach important milestones defined in its 3-year strategic plan.
Metropolis Technologies announced today a summary of the recent milestones achieved by the company this year. Michael Smith, President of Metropolis stated the Board of Directors, Management, Employees and Strategic Partners deserve accolades for the following achievements:
1. Maturing from a development phase to a revenue earning phase
2. Relocation of the corporate headquarters to Florida
3. Refinement of the company's technology strategy
4. Delivering in excess of $3,500,000 in contracted business in Q3
5. Exceeding the conversion of sales leads to contracts by more
than 65%
6. Attracting talented and capable new board members such as
Hector Sectzer
7. Establishment of an advisory board
8. Exceeding benchmark customer service levels
9. Developing key strategic alliances globally
In conclusion, Smith stated, "As we mentioned previously, Company Management, our Board of Directors, Advisors, Strategic Partners and Suppliers are now seamlessly united. We have finally crossed the threshold from ideation, planning and testing to a new phase of ongoing client acquisitions and steadily scaling revenue streams. As a result of the maturation of our business, the company is excited to begin announcing the acquisitions of several new, revenue based, clients in the coming weeks."
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.
The Metropolis Technologies Corp. 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.