ALTAMONTE SPRINGS, Fla., Dec. 11, 2006 (PRIME NEWSWIRE) -- Metropolis Technologies Corp. (Pink Sheets:MTPT) announced today that the Company has accepted the resignation of Eric Phillips. The Company extends its sincere thanks to Eric Phillips and wishes him success in his future endeavors.
The Company has created a Strategic Advisory Board to analyze, create and influence new and strategic revenue and partnership opportunities for Metropolis Technologies Corp. The Company anticipates announcing Eric's replacement to the board of directors and the names of the initial Strategic Advisory Board members in January 2007.
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 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.