WASHINGTON, DISTRICT OF COLUMBIA , developer of mobile
communication software Mobile chalkboard(TM), today issued the
following update from its President & CEO Stewart Walchli.
Summary:
- Approximately 40 blue chip companies in various stages of
formally evaluating Mobile chalkboard(TM)
- Completed hiring of North American sales team
- Expected near term expansion of reseller channel into the
United States and Europe
- Received recognition and awards from prominent industry media
at RIM's Wireless Enterprise Symposium (WES)
- Restructuring board to include more independent directors
- Establishing an advisory board of industry executives from
large corporations
Business Development:
Our direct sales team is primarily focused on Fortune / Global
500 accounts, mainly in North America. Currently we have
approximately 40 companies in various stages of formally evaluating
our software, Mobile chalkboard(TM). We estimate that these
companies have over 300,000 BlackBerry� smartphones in
aggregate.
Our sales cycles with these large global organizations have
taken us longer than anticipated; however, the interest in Mobile
chalkboard(TM) is extremely strong. Our number one near term
milestone is to sign a software licensing agreement with several of
these blue chip organizations in different industry verticals as
this will help to validate our business model and sales pipeline.
We are in advanced stages with several organizations. Our entire
company is focused on executing on this milestone.
Reseller Channel:
An important part of our sales strategy is to execute an
effective reseller program. This will provide us with an "extended
sales force" that will better enable us to reach the thousands of
organizations across North America and around the world that have,
in aggregate, millions of BlackBerry smartphones.
In March 2008, we signed our first reseller agreement with Bell
Mobility for the Canadian marketplace. In the coming weeks, we will
have completed the training of the Bell Mobility sales
representatives and they will begin actively selling Mobile
chalkboard(TM).
We are actively working on establishing additional reseller
agreements in the United States and Europe, with both wireless
carriers and integration companies. Recently, we have had strong
customer interest for Mobile chalkboard(TM) in Europe and expect to
sign reseller agreements there in the near term.
The United Kingdom and Germany are excellent examples of market
opportunities for us given the large number of BlackBerry
smartphones and the advanced use of mobile technologies by
enterprises in general. Additionally, we expect to be able to
benefit from the strong currency in those countries.
A longer term goal is to have Mobile chalkboard(TM) installed at
the manufacturing level of the BlackBerry devices. While this is
not imminent, we believe that the majority of BlackBerry users will
be interested in using our software thus making installation at the
manufacturing level justified.
Technology:
We recently launched Mobile chalkboard(TM) version 5.0 at the
RIM Wireless Enterprise Symposium (WES) in Orlando and filed our
eleventh patent for our technology. Our software received
recognition from prominent industry media such as CIO Magazine,
BlackBerryCool.com and CrackBerry.com. Each named Mobile
chalkboard(TM) one of the top two enterprise software applications
at WES. For more information about these recognitions, please see
our website at www.chalk.com.
The Canadian Advanced Technology Alliance (CATA) has also
nominated us for two awards, one for best Emerging Technology and
the second for Outstanding Product Achievement. We are delighted to
have been recognized by CATA in these prominent categories.
We have several new releases for Mobile chalkboard(TM) in the
coming months with many new exciting features that further expand
our market opportunity and traction. Additionally, we are examining
the possibility of licensing certain software that would enable us
to more rapidly develop Mobile chalkboard(TM) for different
platforms and screen sizes.
Third Party Content:
Recently we have had significant interest from noteworthy third
parties that develop libraries of online training content to
convert their courseware into the Mobile chalkboard(TM) format.
This would enable customers of our software to license these
libraries for their employees, thereby increasing the usefulness of
Mobile chalkboard(TM).
We believe that this is significant step forward in establishing
Mobile chalkboard(TM) pushcasts as the standard format for
companies to create and distribute interactive, media rich content
to BlackBerry smartphones. A key near term milestone for us is to
sign a joint development agreement with a major provider of online
training content.
Board of Directors & Advisory Boards:
We recently announced that Kris Sutherland stepped down as a
director of Chalk as part of our restructuring of the board to
include more independent directors. Mr. Sutherland continues to
serve as Executive Vice President and is an integral part of our
management team. He is also one of our largest individual
shareholders. We hope to announce additions to our board of
directors in the near term.
We are also in the process of establishing an advisory board
primarily comprised of executives in the industries that we are
targeting. We believe that our advisory board will provide us with
valuable insight and introductions into key customer accounts that
we are targeting.
We will continue to keep you updated as our business progresses.
Thank you for your continued support.
The BlackBerry� and RIM families of related marks, images and
symbols are the exclusive properties and trademarks of Research In
Motion Limited. RIM assumes no liability and makes no
representation, warranty or guarantee in relation to third party
products or services.
About Chalk Media Corp.
Chalk's mobile content deployment system, Mobile chalkboard(TM),
allows multimedia content to be created, securely pushed and
tracked on BlackBerry� smartphones. Our software and content help
organizations communicate with their employees, business partners
and customers. Additional information is available at
www.chalk.com.
Forward Looking Statement
This press release contains "forward-looking statements" within
the meaning of applicable Canadian securities legislation.
Generally, forward-looking statements can be identified by the use
of forward- looking terminology such as "plans", "expects" or "does
not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may" ,"could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking
statements are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of Chalk to be materially
different from those expressed or implied by such forward-looking
statements, including but not limited to: risks related to the
speculative nature of the software industry, which is affected by
numerous factors beyond Chalk's control; the existence of present
and possible future government regulation; the significant and
increasing competition that exists in the software industry; and
risks associated with early stage companies such as Chalk,
including uncertainty of revenues, markets and profitability and
the need to raise additional funding.
Although Chalk has attempted to identify important factors that
could cause actual results to differ materially from those
contained in forward-looking statements, there may be other factors
that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements. Chalk does not undertake to update any forward-looking
statements that are incorporated by reference herein, except in
accordance with applicable securities laws. Further information on
Chalk Media Corp. is available at www.sedar.com.
The TSX Venture Exchange has not reviewed the contents of this
release and is not responsible for its accuracy.
Contacts: Chalk Media Corp. Kris Sutherland Executive Vice
President (604) 453-4424 Email: kris@chalk.com Website:
www.chalk.com
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