TMM, Inc. Update
November 22 2011 - 9:30AM
Marketwired
TMM Inc. (PINK SHEETS:TMMI) ("TMMI" or "the Company") in the month
since the shareholders' proxy vote, has been busy. As many of you
may know, we have had our work cut out for us.
We appreciate your forbearance and confidence as we work our way
through this process. Much of our effort has gone into getting our
house in order as we uncover the sound foundation we need to make
TMMI the viable entity we all believe it can be.
Many of you have been generous with your time, advising us about
TMMI's history, including certain administrative and technological
issues. We appreciate this support and expect that we will all
benefit from it.
Our counsel has been diligent in discovering and retrieving
necessary documents as well as pursuing legal remedies. To date,
these efforts continue to be promising and in some cases, clearly
rewarding.
With shareholder guidance, we have taken practical steps to make
TMMI a functional organization and are developing the operating
plan we will follow to unlock the inherent value of the technology
and the company.
We are sticking to our core business of developing our TRUDEF
High Definition Fractal Video codec. The promise of the VDK 2.0
fractal technology as a practical video compression solution is
what attracted us all to TMMI. Our enthusiasm for the fractal
code's potential increases daily.
As with any good business, we take the long-term view to build a
back-to-our-roots strategy of relevant innovation. We believe in
this remarkable technology and so far, we are confident we are on
the right track.
Thank you for your continued support.
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.
Contacts: TMM, Inc. 1-800-821-9877info@tmmi.uswww.tmmi.us
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