News ReleasesPrivate Placement Of $180,000 In Common Stock & Warrants To Finance Beta Install BaseVancouver, BC (26 October 04) -- The President and CEO of Cinemage is pleased to announce a non-brokered Private Placement of 1,000,000 Units at $.18 / Unit, for total proceeds of $180,000. Each Unit will consist of one common share and one share purchase warrant. Each warrant will enable the holder to acquire one additional common share of the Company for a period of two years from closing, at a price of $0.18 per share in the first year, and $.20 per share in the second year."We're ready to move on to the next stage of our product commercialization program", said Froese. "Retail Order Entry Stations naturally complement our install base of full-function Print-Stations. We believe we can install ten to fifteen Retail Order Entry Stations for every Print-Station, dramatically building business for Print-Station operators. As for the retailer, at a purchase cost of just $1,000 per Retail Order-Entry Station, we only need one large or two smaller sales per station per month to cover monthly equipment lease costs; after that its profit!" Based on a powerful Internet attached computer in a very compact case, with only a high resolution LCD display and keyboard attached, the system has a small footprint that can fit onto retail counters and into small display areas in high traffic locations where space rental cost are prohibitive for larger Print-Stations. "Our Alpha and Beta equipment installations are the precursor to us rolling out our national network of Internet-connected Dealers", said Froese. "We believe there is capacity in Western Canada alone to host 35 Print-Stations and 350 Retail Order Entry Stations, before expanding east." Proceeds of the financing will be used to establish a Beta Install Base of Retail Order Entry Stations, and for general working capital. Cinemage trades on the TSX Venture Exchange under the symbol "CIG". THE TSX VENTURE EXCHANGE INC. HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This News Release contains certain "Forward-Looking Statements". All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially
from those anticipated in such statements.
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