Ad Systems Communications, Inc. Shareholder Update
SALEM, Ore., Aug. 10 /PRNewswire-FirstCall/ -- Ad Systems Communications, Inc. (OTCQB: ADSY), a leading service provider of digital media and video communications for all major cable TV networks, provides its shareholders with a brief explanation regarding the recently created OTCQB™ marketplace.
Our common stock trades over-the-counter in the recently created OTCQB™ marketplace. This new comprehensive over-the-counter market tier includes the securities of over 768 SEC reporting companies and banks formerly designated as Pink Sheets® stocks, in addition to the 3,050 securities that are currently quoted in both Pink OTC Markets' electronic inter-dealer quotation system and FINRA's OTCBB™. All securities in the new OTCQB tier are displayed on www.otcmarkets.com with an icon reading, "OTCQB — U.S. Registered." This new designation is used for OTC-traded companies that are U.S. registered and reporting to help investors easily identify SEC reporting companies and regulated banks that are current with their disclosure obligations.
We have recently learned that market makers trading in our stock have dropped use of FINRA's OTCBB because of the added fees necessary to keep that designation. With the advent of the OTCQB, these brokers are trading our securities on the newly created OTCQB and not the OTCBB. We do not believe it necessary at this time to reapply for quotation on the OTCBB because of the new trend in trading on the OTCQB. For more information on the OTC Market Tiers, see: http://www.otcmarkets.com/pink/otcguide/investors_market_tiers.jsp.
Ad Systems Communications, Inc. using its patent-pending insertion and media streaming technology, provides advertisers with a cost effective and simple approach to marketing their products on major cable and satellite networks such as ESPN, MTV, DISCOVERY, CNN, LIFETIME, A&E, FOX NEWS and TNT. The company generates revenue by selling this inventory to advertisers who easily insert both long and short form video commercials into highly targeted markets.
The breakthrough technology offered by Ad Systems can insert advertising into these channels not only in conventional cable TV systems but also into non-conventional systems as well. Prior to Ad Systems Communications patent-pending technology this was not possible due to technology and/or cost barriers. This innovative method for media placement has led to the development of new markets that include independently owned cable television systems, franchised cable operators, colleges and university campuses, as well as hotels, resorts and multiple dwelling units.
Since the initial completion in mid 2008 of a beta rollout of a small number of subscribers, the Company has increased its customer base to 300,000 subscribers, including some powered by Direct to home satellite providers, previously un-serviced because no satellite cue tones were present. The Company is now poised to expand its customer base to 1,000,000 subscribers through the deployment of already-signed multi-year contracts awaiting installation. Based on the July 2008 In-Stat Study: US Addressable TV Advertising, cable operators capture approximately $5-$6 per household per month by providing geographically zoned advertising.
About Ad Systems Communications, Inc.
Ad Systems Communications, Inc. is digital media and video communications services Company which provides quality advertising inventory for all the major cable TV networks such as ESPN, MTV, DISCOVERY, CNN, LIFETIME, A&E, FOX NEWS and TNT by deploying its patent pending insertion and streaming media technology into the cable, satellite and IP television markets. The company derives revenue from this inventory by selling it to advertisers to insert both long and short form video commercials into highly targeted markets.
For more information, visit: www.adsystemscatv.com,
Forward-Looking Statement: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance.
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Ad Systems Communications Inc. Investor Relations |
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(617) 871-0204 |
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SOURCE Ad Systems Communications, Inc.
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