RDM Corporation Announces Deal with Electronic Check Services and B.B. King Signs on with XM Radio to Host Weekly Music Show
City of Industry, CA --(www.USEquityNews.com)-- 07/15/2008 - Broadcasting industry alert provided by U.S. Equity News. Electronic Check Services enters agreement to resell RDM's Image and Transaction Management System (ITMS(R)) suite of electronic check conversion software products including Simply Deposit(TM). WATERLOO, ON, July 14 /PRNewswire-FirstCall/ - RDM Corporation (TSX: RC), a leading developer of specialized software and hardware products for electronic payment processing, announced recently that it has teamed with Electronic Check Services (ECS) to resell RDM's electronic check conversion software and hardware products. ECS will now be able to provide remote deposit capture capabilities to its existing and potential customers enabling them to electronically deposit checks. The RDM software is bank agnostic so merchants will not be required to change their existing banking relationships.
Modavox, Inc. (OTCBB: MDVXInternet broadcasting pioneer and holder of several patented technologies, recently reported its fiscal 2009 first quarter results for the quarter ending May 31, 2008. For the quarter ended May 31, 2008, the Company reported year over year revenues increased 43% to $860,635 compared to $602,338 for the quarter ended May 31, 2007. Revenues for the quarter ended May 31, 2008 included $168,360 from the Interactive Media Division and $692,275 from the Broadcast Media Division. Hosting fees related to our Interactive Agency Division were $81,938 for the quarter ended May 31, 2008 which included $37,500 in deferred revenues from the year ended February 29, 2008.
Blues music icon B.B. King will begin hosting his own weekly music show for XM Radio (NASDAQ: XMSR) beginning in September 2008, it was announced recently by the company. The program will feature a broad range of blues and gospel music hand-selected by King, along with stories about the artists and other personal anecdotes from the bluesman's epic career. In anticipation of King's hosting debut, recently XM relaunched its dedicated blues channel "Bluesville" as "BB King's Bluesville" (XM 74). "I love the blues and am looking forward to sharing my passion, stories and my favorite music with all the folks who listen to XM, one of the few places where the vibrant sounds of the blues still thrives," said B.B. King.
247MGI, Inc. (OTC: TOFS) is pleased to announce it has been working to help resolve pending and past legal actions against the company. The Company is pleased to announce the pending issue with Dr. Martin Peskin has been resolved and a settlement agreement has been entered into and filed with the courts. The Company currently does not have any pending legal actions at this time and is working to resolve matters resulting from a prior Stock Purchase Agreement the Company entered into in 2003 to avoid any further legal action. With no pending legal actions 247MGI has been in talks with several candidates to join the Company as Officers and Directors.
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