Mediatechnics Corporation Press Release
LAKEWOOD, NJ, May 21, 2008 (MARKET WIRE via COMTEX) -- MEDIATECHNICS CORPORATION (Formerly Silverado Financial, Inc.) (PINKSHEETS: SLVO) www.mediatechnicscorporation.com has entered into a Letter of Intent to acquire Indianapolis-based digital media innovator, Get Digital Data, LLC www.getdigitaldata.com . Get Digital Data, LLC is one of the largest and most comprehensive amalgamators of media content metadata in the world. Creators of the GD3 database and web service that powers next generation music and video players, Get Digital Data delivers consumers worldwide the most accurate, best quality metadata available. Get Digital Data, LLC is the leading edge company providing next generation entertainment devices and services with immaculate recognition capability, and rich metadata such as artist, album, song, genre, and high-resolution cover art graphics.
GD3 has over 2 million CD, and 500,000 DVD titles available for media file identification worldwide. Get Digital Data is also the first service to support Blu-ray disc recognition. "Blu-ray is quickly gaining popularity in the media server space," stated Doug Strachota, co-founder of Get Digital Data. "We're excited to be the first major service to support this new format standard with world class metadata to power new products and services catering to the Blu-ray and DVD market. This accomplishment adds to the successful track record for our company and clearly differentiates Get Digital Data from the competition." Revered by encoding professionals worldwide, Get Digital Data's massive GD3 database is recognized for accuracy and high-resolution cover art graphics that are second to none in this marketplace.
As the trend for digital media servers continues to expand, the need for accurate identification and lookup data such as artist, album, song, genre, and cover art has an increasing impact on the quality of the user experience. GD3 has built its exhaustive database by collaborating with professional encoding services around the world. The recently launched GD3 alliance consists of 10 encoding partners worldwide who've pledged to capture metadata and feed it back to GD3 according to exacting specifications. "The professional encoding community has embraced GD3 as a database built for and supported by professionals," says Strachota. "The GD3 Alliance assures that GD3 is constantly being fed professionally groomed data by a network of partners abound the world."
Along with the traditional per-device licensing like those offered by competitors Gracenote and AMG, Get Digital Data has revolutionized the metadata market by licensing direct to end-users utilizing the first 'per-lookup' pricing structure in the market. Get Digital Data employs a web service architecture to access GD3 metadata, thus simplifying development. For more details on GD3 licensing and implementation, visit www.getdigitaldata.com/GD3.aspx .
"We believe that when we have completed the acquisition of Get Digital, we will be strategically positioned to take on the largest players in the industry. These competitors include Gracenote (recently acquired by Sony for about $260 Million) and AMG (now an operating unit of Macrovision acquired for $82 Million), whose customers include: Cadillac, Yahoo!, Philips, Escient, Yamaha and Microsoft," stated Rick Wilson, CEO of MediaTechnics.
Mr. Wilson continued, "While these companies represent fierce competition, and are far more established in this market sphere, we feel that our database is significantly more accurate, features higher quality cover art and we feel that our selection of DVD titles is unparalleled. We are really excited about the significant upside potential for our shareholders available in this emerging market. This acquisition will add tremendous value to our company portfolio and will provide Get Digital the marketing, sales support and funding necessary to succeed."
About Get Digital Data: Founded in 2004, Get Digital Data is a market leader in CD/DVD encoding software and metadata. Encode Center software is a comprehensive suite of tools for automated encoding and server loading. The GD3 database is the choice of server-loading professionals worldwide. With over 2 million CD and over 500,000 DVD titles, GD3 has unmatched accuracy, coverage, and high-resolution cover art demanded for high-end systems.
About MediaTechnics Corporation (Formally Silverado Financial, Inc.) (PINKSHEETS: SLVO)
MediaTechnics Corporation is the parent company of Mediatechnics Systems, Inc., Media Master Corporation, The Live Network, and Water Skeeter Sports Innovations. MediaTechnics is one of the largest manufacturers of media duplication equipment worldwide. Media Master is a one-stop media fulfillment company, The Live Network specializes in on-site event and conference CD/DVD production, and Water Skeeter is a manufacturer of sporting goods and a distribution and logistics company specializing in outdoor oriented products distributed through some of the largest retailers in the United States and Canada.
Notes about forward-looking statements
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties.
Certain Statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied.
Forward-looking statements may be identified by words such as "estimates," "anticipates," "projects," "plans," "expects," "intends," "believes," "may," "should" and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date when they are made.
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