ATLANTA, Oct. 19, 2005 (PRIMEZONE) -- WinSonic Digital Media Group, Ltd. (Pink Sheets:WDMG) announced today the completion of a new facilities agreement with the Atlanta Centennial, LLC (the "Landlord") for Corporate Headquarters, Data Center, Network Operations, Interconnect MOPE, and Fiber lab consisting of approximately 9,415 square feet of rentable space (the "Lease"). The space is located in Suite 2600 on the 26th floor of the Centennial Tower, located at 101 Marietta Street in Atlanta, Georgia.
The Company will use this space to launch WinSonic Digital Cable Systems Network (WDCSN) Network Operations, Data Center, Broadcast controls, Switch Site, Application development lab, and WinSonic Digital Media Group, Ltd. Corporate Headquarters for its executives, general, clerical and administrative personnel. WDCSN concentrates on carrier-class high-speed connectivity solutions that bring together a first-class facility around the country along with network, multimedia, and content, a high-end facilities-based infrastructure to aid and facilitate voice transport, audio, video, data, media and broadcast content over protocol-independent multi-layered communication systems and distribution communication services to its customers, without requiring substantial capital investment.
"A critical aspect to this lease is that it has reduced WinSonic Digital Cable Systems Network (WDCSN) Nationwide Network Operations cost by about 50%, as well as providing lease access to LECs, ILECs, cable carriers, copper lines, fiber networks, transmission of broadcast wireless signals, collocation of WDCSN equipment to connect with headends, COs, access conduits, and other rights of way," said Winston Johnson, Chairman and CEO of WinSonic Digital Media Group, Ltd. "Completion of this agreement marks a milestone in the history of the company and provides a foundation from this point forward for the company to aggressively focus on customer growth and leveraging its relationships with major corporations into revenue growth opportunities," said Mr. Johnson.
About WinSonic Digital Media Group, Ltd.
WinSonic Digital Media Group, Ltd. is a facilities-based media distribution solutions company with a distinctive video transport concept that enables users to view, interact, and listen to all types of audio, online video, and digital TV, in full-screen format, at high speeds, superb quality, and greatly reduced costs, while reducing the need for expensive high-speed connections.
Statements in this press release are certain statements which are not historical or current fact and constitute "forward-looking statements" within the meaning of such term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual financial or operating results of the company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such forward-looking statements including, but not limited to, our aggressively focus on customer growth and leveraging its relationships with major corporations into revenue growth opportunities, based on our best estimates of future results, performance or achievements, based on current conditions and the most recent results of the company. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "may," "will," "potential," "opportunity," "believes," "belief," "expects," "intends," "estimates," "anticipates" or "plans" to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's reports and registration statements filed with the Securities and Exchange Commission. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and there can be no assurance that the actual results anticipated by the company will be realized or, even if substantially realized, that they will have the expected consequences to or effects on the company or its business or operations.