Cinnabar Ventures' Acquisition of Fiber Networks Proves Prescient
FORT MYERS, FL--(Marketwire - February 12, 2010) - In a sign that imitation may be the
sincerest form of flattery, Cinnabar Ventures, Inc. ("Cinnabar") (OTCBB: CNBR), the creators of Yippy, a
cloud-based applications services environment currently in beta, praised
the potential of Google Inc.'s new high speed Internet initiative, revealed yesterday, which parallels Cinnabar's
stated strategy of vertically integrated cloud computing services. Earlier
this year, Cinnabar announced their intent to acquire US Metropolitan
Telecom, LLC, which provides the company with a robust wholly owned
metropolitan fiber-optic network throughout southwest Florida, and
technology solutions provider Advanced Network Solutions, Inc., in
order to fully enable the user experience for the company's Yippy cloud
based applications services engine. The company management has long
realized that in order to deliver a truly remarkable, content rich, and
user friendly web based applications environment that fiber based network
and data services would be a key enabler to that vision.
"Indications from the press that Google intends to integrate a fiber
network and internet service provisioning is an interesting wrinkle in
their approach to the cloud/search market thus far," stated Richard
Granville, Chief Executive of Cinnabar. "When a company like Google does
this, it represents a quantum shift in industry thinking and trends. The
acquisitions that Cinnabar has announced will afford us the ability to
offer the applications services engine, client browser, content,
advertising, communications infrastructure (including fiber and wireless),
service, support, consultation, and maintenance for a vertically integrated
cloud computing solution. We are ahead of the game and there is much more
to come from our team."
"We were fortunate to have formed significant relationships with our
imminent acquisitions that deliver established assets to this market
opportunity. These are assets that others will have to collect and
integrate while we move swiftly ahead with these capabilities already in
hand," adds Granville. "Combined with the experienced management that
joined us, Cinnabar has established a highly visible and viable footprint
in this burgeoning industry. The bystanders that thus far have taken a
'wait and see attitude' with us should carefully consider the ramifications
of not quickly engaging with a team that intends to rapidly and
successfully capitalize on our first mover advantage and execute on a set
of ground breaking initiatives."
About Cinnabar Ventures, Inc.
Based in Fort Myers Florida, Cinnabar Ventures, Inc.,
www.cinnabarcompany.com, is a new economy technology company that develops
technologies and application services environments for both Consumer and
Commercial market segments.
Pursuant to The Private Securities Litigation Reform Act of 1995: The
statements in this press release that relate to the Company's expectations
with regard to the future impact on the Company's results from new products
in development are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements are
subject to risks and uncertainties. Words such as "expects," "intends,"
"plans," "may," "could," "should," "anticipates," "likely," "believes" and
words of similar import also identify forward-looking statements.
Forward-looking statements are based on current facts and analyses and
other information that are based on forecasts of future results, estimates
of amounts not yet determined and assumptions of management. Readers are
urged not to place undue reliance on the forward-looking statements, which
speak only as of the date of this release since they involve known and
unknown risks, uncertainties and other factors which are, in some cases,
beyond our control and which could, and likely will, materially affect
actual results, levels of activity, performance or achievements. We assume
no obligation to publicly update or revise any forward-looking statements
in order to reflect any event or circumstance that may arise after the date
of this release, even if new information becomes available in the future.
Additional information on risks and other factors that may affect the
business and financial results of Cinnabar Ventures, Inc. can be found in
the filings of Cinnabar Ventures, Inc. with the U.S. Securities and
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