TMM, Inc. Announces the Resignation of the President and Director
WILMINGTON, Del., May 4, 2017 /PRNewswire/ -- TMM, Inc. (OTC PNK: TMMI) ("TMMI" or the "Company"). TMMI announces Gerard V. Cavanaugh's retirement. Mr. Cavanaugh has submitted his resignation as President and Director of TMMI to the Board of Directors effective immediately and will continue to provide assistance in transition for the company. TMMI and it Board of Directors thank Mr. Cavanaugh for his service to TMMI during its critical time of corporate development.
TMMI, the parent company, has completed development of new and distinctive digital compression and scaling technologies unrelated to the original fractal technology or any subsequent applications of that code. TMMI's new non-fractal technology includes proprietary algorithms incorporated in provisional patent applications filed by TMMI in 2015. In all, TMMI has filed five (5) patent applications involving its new technologies. As a result, TMMI is directing its resources to further developing, refining and integrating its superior new technologies in the market for a 2017 roll out.
TMMI's board, senior management and engineering team believe the new TMMI technologies to be superior to any comparable technology on the market today.
For more information, please visit the Company's Website at http://www.tmmi.us.
About TMM, Inc. TMM, Inc. (otc pnk:TMMI) is a technology company headquartered in Wilmington, Delaware, specializing in digital video compression, video scaling and image management. Founded in 1990, the company is dedicated to improving bandwidth utilization and video image quality. TMMI develops digital video compression and scaling technologies that provide end-to-end workflow and distribution solutions for digital cinema; streaming media; cable TV; sports; mobile; intelligence, surveillance and reconnaissance; defense; security; medical imaging; space exploration; video game applications; training and distance learning.
Safe Harbor Statement
The information in this release contains forward-looking statements which involve risks and uncertainties, including statements regarding the Company's capital needs, business strategy and expectations. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements, which may be identified by terminology such as "may," "should," "will," "expect," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential," "forecast," "project," or "continue," the negative of such terms or other comparable terminology. Readers should not rely on forward-looking statements as predictions of future events or results. Any or all of the Company's forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions, risks and uncertainties and other factors which could cause actual events or results to be materially different from those expressed or implied in the forward-looking statements. Factors may cause the Company's actual results to differ materially from any forward-looking statement. In addition, new factors emerge from time to time and it is not possible for the Company to predict all factors that may cause actual results to differ materially from those contained in any forward- looking statements. The Company disclaims any obligation to publicly update any forward-looking statements to reflect events or circumstances after the date of this document, except as required by applicable law.
118 School Road
Wilmington, DE 19803
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