CoMedia Corporation (Pink Sheets:CMTN) announces its name change is now effective. The Company has commenced trading under the new symbol CMTN. CoMedia Corporation has changed their name from Sports Alumni to better reflect the various business operations of the organization and their subsidiaries as a result of the recently announced merger between Sports Alumni, Inc. and Diversified Entertainment Properties, Inc.
Mr. Stephen White president of CoMedia stated, “With this name and symbol change being completed as of yesterday and reflected by our new trading symbol “CMTN”, as well as, the completion of the previously announced recapitalization by way of a 432.19 to 1 reverse split we are ready to move forward to seek the upgrading of our listing.”
CoMedia Corporation’s operations continue to grow as its wholly owned subsidiary ReQuest Audiobooks (Re-Q Inc.) is shipping over 40,000,000 units of its audiobooks including its version of the Nancy Drew and Hardy Boys mysteries in a combination package that includes the hardcover book and the Audiobook on CD to coincide with the new Warner Brothers Nancy Drew Movie.
“We are in a tremendous position to market our unique blend of services to the entertainment and sports industries. This is the kind of strong foundation on which you build a superior company," stated Stephen White, President of CoMedia Corporation.
About CoMedia Corporation:
The CoMedia Corporation has been formed through the merger of Diversified Entertainment Properties Inc. (DEP) and Sports Alumni, Inc. (a publicly traded company). DEP consists of four distinct subsidiaries. All of the subsidiaries of DEP and Sports Alumni are subsidiaries of CoMedia, and CoMedia is the publicly traded company. CoMedia and its subsidiaries specialize in the acquisition, production and distribution of a wide range of entertainment assets and services.
This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
