TMM, Inc. Financial Statements September 30, 2011 and December 31, 2011
February 03 2012 - 9:00AM
Marketwired
TMM, Inc. (PINKSHEETS:TMMI) ("TMMI") or (the "Company") is pleased
to announce that the Company has prepared financial statements for
the financial quarters ending September 30, 2011 and December 31,
2011. These financial statements are based on the most current
information available that could be assembled over the last few
months. However, given the disarray of the Company's financial
information at the time that the new Board of Directors and
management took control of the Company in October 2011 and the lack
of cooperation from the previous management in providing historical
books and records of the Company, additional material financial
information may be discovered going forward. In such case, these
financial statements will be revised accordingly.
The Company is still in the process of gathering and organizing
the Company's corporate governance documents and intellectual
property records. The Company is developing its TRUDEF(TM)
Technology which is the successor of the Company's VDK2.0
SoftVideo(TM) fractal compression technology which was first under
development in the 1990's. The Company is initially developing its
own Microsoft Media Foundation 2012 library supporting TRUDEF(TM)
Fractal Video Compression in Windows Vista, Windows 7 and Windows
8. Microsoft Media Foundation is the next generation Multimedia
platform for Windows that enables developers, content providers and
consumers to embrace the new wave of premium content. The Company's
goal is to complete development of its TRUDEF(TM) technology to
make it commercially viable to meet the demands of the growing high
definition video market.
ON BEHALF OF THE TMMI BOARD OF DIRECTORS OF TMM, INC.:
GERARD V. CAVANAUGH, CHAIRMAN AND PRESIDENT
To view the financial statements and more information, please
visit the Company's Website at http://www.tmmi.us.
We can be reached by mail at the following address:
TMM Inc.
118 School Road
Wilmington, DE 19803
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. Gerard V. Cavanaugh Chairman and President
1-800 821-9877info@tmmi.us www.tmmi.us
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