TMM signed an agreement extending payment and delivery terms of its technology liscensing agreement with Iterated.
June 26, 1996
TMM of LA, CA announced today that it has signed an agreement extending payment and delivery terms of its technology liscensing agreement with Iterated. The new agreement provides that TMM's initial payment to Iterated be made on or before July 19, 1996 and for the delivery of the new Iterated programs to TMM on October 19, 1996.
TMM President Mike Fernandez stated: "Highway One is
one of the leading multimedia content developers in the
nation. We are proud to be working with them on these
exciting projects. We will have a chance to show how the
Internet and CD-ROM platforms can work together to form a
new marketing and distribution system for the music
industry. The website will generate substantial traffic and
become a solid source of Internet advertising revenues. The
website will in turn increase consumer desire to see live
performances integrated with their music discs. TMM
is positioned to play a major role in this emerging
If you would like more information about the company contact the TMM office at (310) 230-2100 or drop us your name at the new TMM website (zerosones.com/TMM) and we will get some information to you.
[NASDAQ] using the symbol TMMI. TMM is a multimedia company
dedicated to bringing high quality video to multimedia
presentations. For more information contact:
TMM at 15200 Sunset Blvd., Suite 204, Los Angeles, CA. 90272.
Telephone: (310)230-2100 or fax: (310)230-2104.
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