Super Directories, Inc. Signs Memorandum of Understanding With Galaxy Spectrum
Super Directories, Inc. announces an MOU with Galaxy Spectrum representing potential annual revenues of over $29,000,000.
MERRILL, N.Y., Oct. 22, 2012 /PRNewswire/ -- Super Directories, Inc. (SDIR.PK) announced the execution of a memorandum of understanding with Galaxy Spectrum Broadcast Production Systems Corp ("Galaxy Spectrum") for the licensing of "sigCaster", a portable video broadcast software and hardware solution developed by Galaxy Spectrum.
Additionally, the sigCaster is designed as a robust IPTV plug-n-play turnkey solution unit and needs next to no servicing or maintenance in its routine usage for the consumer. The sigCaster makes it possible for even the average non computer literate user to provide near commercial quality live or on demand video broadcasts at about twenty percent of the cost of competing products.
The move is designed to create a multi-media website and internet directory on the Superdirectories.com website while allowing the company to further expand sales of the sigCaster into other general usage market consisting primarily of education, religious organizations, businesses and the NGO that currently have a need to provide commercial quality live or on demand video broadcasts at a significant savings.
Moreover, this segment has an expected 25% annual growth rate and literally millions of potential customers. It's estimated that up to ten thousand units can be sold monthly into this market at a retail price of $249.95. Representing close to $29,000,000 in annual revenues for the company.
As part of the MOU, Galaxy Spectrum will continue to provide continued sales support and consultation to the company. In each geographic region, Galaxy Spectrum will put into place a network of on-the-ground, experienced, and incentivized sales and marketing personnel. These teams will build both direct customer relationships and indirect channels (through systems integrators, encoder-engine based manufacturers, etc.) It's also expected that the initial project MOU will be expanded into a long-term licensing agreement between the two companies for a period of 20 years.
Galaxy Spectrum will allocate resources to building partnerships with indirect sales channels. The selection and usage of strategic partners will allow the company to gain geographic reach, credibility, and customers, which would not otherwise be possible. Specific partner support programs will be put into place to ensure cultivation of these partnerships.
In announcing the MOU, Super Directories, Inc. President, Luke Lalonde stated, "In partnering with Galaxy Spectrum we have joined a well experienced group that has a demonstrated project record and in-depth knowledge of the IPTV market and the relationship will serve Super Directories as well as establish our presence in IPTV and multi-media market segments. We look forward to expanding our relationship with Galaxy Spectrum."
About Super Directories, Inc.:
SuperDirectories is the largest 'Human-edited' directory on the internet. The database is structured with 'Full-Text' searchable categories, cross-re & links to selected websites. There are over 56,035 photos and 992,000 banners on its pages. The website now has regular visitors from over 164 countries and growing daily. User visits exceed 385,000/day and hits exceed 835,000/day. SuperDirectories is a US Registered Service Mark (No. 2,425,941).
About Galaxy Spectrum:
Galaxy Spectrum, is an exciting offshoot of MegaSoft Engineering Corporation, a pioneer in multimedia and IPTV. The original company was formed back in 1987 to pursue opportunities in the then emerging multimedia industry and in 1995 moved into the then fledgling IPTV software and hardware industry.
This press release contains certain "forward-looking information". All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future constitute forward-looking information. This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of significant risks and uncertainties and other factors that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to, the possibility of unanticipated costs and expenses. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
SOURCE Super Directories, Inc.
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