Apr 29, 2008 09:00 ET
Tri-Hub Announces Merger
WASHINGTON, DC--(Marketwire - April 29, 2008) - Tri-Hub Transactions Inc. and Entertainment Factory Inc. (PINKSHEETS: EFCT) are pleased to announce today that the two companies have now merged, the combined company operating under the name TRI-HUB INTERNATIONAL LTD., a Delaware Corporation, headquartered in suburban Washington, DC. The Agreement consists of cash and stock in the surviving entity.
The company is dual listed on the US market (PINKSHEETS: EFCT) and on the Frankfort Bourse (FRANKFURT: E6F).
Tri-Hub International Ltd. is strategically focusing on two scopes of business: Transaction Processing and Entertainment Content Distribution. The potential for cross-pollination between these two niches is proving tremendous.
TRI-HUB INTERNATIONAL LTD. now consists of the following subsidiaries:
Tri-Hub Transactions Inc. (THT)
THT, with headquarters in Manila, Philippines, is designed to provide solutions in transaction processing for businesses of all sizes. THT provides a customized solution tailored to the clients' online needs or a virtual presence to increase the functionality of their businesses. The executive staff has nearly 50 years of combined experience in the industry serving international transaction processing of all types. The management team has extensive world wide banking relationships. The merchants enjoy 24/7 server and customer service support. THT can offer up to 58 different currencies at the request of the merchants.
Otior AG (OTIOR)
Headquartered in Zurich, Otior is designed as a harbor for audio-visual Content-Companies, aiming to produce and/or to manage adequate content for the growing and developing markets -- for all known and future media. OTIOR is strategically focusing through its subsidiaries RIALTO and MONOPOL on three scopes of business: IPTV broadcasting, Movie distribution (theatrical, video and DVD), and servicing of digital content. OTIOR aims to benefit from these technological changes through providing digital entertainment content to free and pay TV stations, Telcos and Internet portals.
LG Rialto Film AG (RIALTO)
Headquartered in Zurich, Rialto is an independent movie distributor for the whole spectrum of entertainment -- from blockbusters to art house films. The company controls a library of approx. 100 movies. Rialto has exclusive partnerships with leading international production companies. RIALTO was the distributor of the world acclaimed film hit "Perfume -- The Story of a Murderer," "3:10 to Yuma," "Jumper" and "Michael Clayton" to name a few. In the latter part of 2008 RIALTO intends to expand into both Germany and Austria and new markets (DVD and TV rights).
Monopol Films AG (MONOPOL)
Also headquartered on Zurich, MONOPOL is blending the internet and TV: Monopol will position itself as content provider for mobile-TV, Internet-TV and Download-Portals, while trailers, music clips and other formats will successfully be marketed as digital applications. Monopol is already in content discussions with several known telecom companies for their download applications. Furthermore, Monopol is planning to launch Digital Content Logistics (DCL). The DCL project offers the film and TV industry a virtual marketplace in form of an integrated cost optimized solution for content marketing and distribution. DCL enlarges already existing customer relations; offers the film and TV industry the digital storage and administration of their content; enables a safe digital transport; offers the market participants a extensive, global transparency of the offered content inclusive billing and factoring -- the core competence of Tri-Hub.
With this merger, TRI-HUB INTERNATIONAL LTD. is uniquely positioned to provide its business partners with the most comprehensive set of solutions available to extend and upscale their services, while assuring that they are managed, secure and compliant and to have their entertainment content distributed in a innovative and highly professional way. Our goal is to continue delivering innovative, high-quality products in our current markets. To accomplish this, we will adhere to the established product roadmaps for our existing solutions while simultaneously exploring opportunities to provide you with additional value in new areas.
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, recruiting and retaining qualified personnel, and other risks described in the Company's Securities and Exchange Commission filings. The forward looking statements in this press release speak only as of the date hereof, and the Company disclaims any obligation to provide updates, revisions or amendments to any forward looking statement to reflect changes in the Company's expectations or future events.
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