ubroadcast, inc. to Change Name to "Santeon Group, Inc."
Name Change to Coincide With New Trading Symbol
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San Diego, CA --(www.USEquityNews.com)-- 05/27/2010 - ubroadcast, inc. (OTCBB: UBCI) today announced that it will change its name to "Santeon Group, Inc." and that it will file an application with FINRA for a new common stock trading symbol to reflect the change in the Company's name. The Company anticipates that the effective date for the planned new trading symbol will be announced in the very near future, once determined.
The name change results from the Company's recent merger with Santeon, Inc. (www.santeon.com) and the anticipated significant expansion opportunities the Company believes it may have in software development and other technical service that complement the current Internet broadcasting activities that the Company has pursed since inception. The Company also believes that the name change more accurately reflects the enhanced size, strength, and diversity of the Company -- making "Santeon Group" the cornerstone of its branding worldwide.
The Company plans to continue to operate using its current structure, with ubroadcast responsible for all broadcast, entertainment and media operations of the Santeon Group, Inc. The domain www.ubroadcast.com will remain unchanged, and the ubroadcast name will be incorporated into some of the current Santeon Group, Inc. product offerings. The current ubroadcast.com website will remain unchanged and continue to be improved and marketed, now with the help and guidance of the Santeon Group, Inc.
Ash Rofail, Chief Executive Officer of Santeon Group, Inc., commented: "The name change to Santeon Group from ubroadcast, inc. builds on a strong market position, which we will extend as we consolidate operations." Mr. Rofail continued: "For more than five years, the Santeon name has been synonymous with reliability, stability and cost efficiency. Now, the coexistence and collaboration of ubroadcast from a single source offers our customers and channel partners a powerful choice of solutions, backed by a name and company that produces world-class technology practices around the world."
About Santeon, Inc.
Santeon is a technology company that enables organizations to optimize performance and maximize revenues through its business process management (BPM) software products and services -- solving complex business process, compliance and integration challenges from both a system integration and a human process perspective. Santeon also offers rich media content management solutions and platforms as well as business process outsourcing (BPO) services as to medium and large enterprises. For more information please visit the Web site at http://www.santeon.com/.
About ubroadcast, inc.
UBCI's ubroadcast.com allows users to produce and broadcast LIVE and On Demand television and radio in high quality. By blending this user-generated content and UBCI's own original programming in a single application, UBCI bridges the gap between Internet video and traditional network radio and television. Rolling Stone magazine, About.com, TechCrunch.com, and ABC News have all given ubroadcast media attention, and The San Diego Business Journal headline stated that the market for ubroadcast programs could be "Larger than MySpace and YouTube."
Please visit www.ubroadcast.com for more information, and follow us on Twitter: www.twitter.com/ubroadcast; MySpace: www.myspace.com/ubroadcast; and on Facebook.
FORWARD-LOOKING STATEMENTS
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASSUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, OUR LIMITED FINANCIAL RESOURCES, AND THE UNCERTAINTIES OF COMPETITIVE PRESSURES WE FACE. THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE SUCH STATEMENTS. FOR ADDITIONAL INFORMATION ON THESE RISKS AND UNCERTAINTIES, PLEASE REFER TO OUR 2009 ANNUAL REPORT ON FORM 10-K FOR THE YEAR ENDING DECEMBER 31, 2009 AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION.Contact Information:
Jason Sunstein
ubroadcast, inc.
jason@ubroadcast.com
858 692 2677
U.S. Equity News
Tel: (949) 517-2426
Email: info@usequitynews.com
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