SAN FRANCISCO, Sept. 26, 2012 /PRNewswire/ -- Media Sentiment, Inc. (PINKSHEETS: MSEZ) is of the opinion that the following is a material event which warrants a public release. The Company is pleased to report that it is in the final stages of finalizing the acquisition of a new asset, namely the social media video curation technology of videocourier.com.
Media Sentiment immediate plans are to start the work on integrating the videocourier.com technology into the media sentiment set of tools. The plan is to use this new social networking technology to enable users from around the world to easily create and share video channels, in real-time by curating video clips of material importance to equities, currencies, bonds and any other financial instruments. The intent is to make this technology available in as many languages as possible, from available news sources around the world. Currently, the technology already supports video clips from news sources such as CNBC, Reuters, Forbes, CNN Money, The Wall Street Journal, TheStreet.com, CBS News, Morningstar, Yahoo Daily Ticker, AOL Business, as well as international sources such as BBC, Aljazeera, European Commission and EuropeNews and others.
Marion Munz, MSEZ' CEO said, "Social media curation is seen by many experts as the next major media trend for social networking technologies, following the extraordinary valuations of the traditional social media networks. As an example, Pinterest.com, one of the latest darlings of Silicon Valley investment community, has recently received a $1.5 billion valuation, due in part to the perceived growth potential."
Media Sentiment sees as a tremendous opportunity to create one of the most comprehensive databases of video news that shakes markets around the world, by making use of its trademarked thumbs up and down symbols to indicate the sentiment coming from video news and information that moves markets. The trademarked meaning of the thumbs up and thumbs down symbols should be easily understood by anyone, in any language, therefore maximizing the impact and timeliness of the news.
The company will continue its search for additional acquisition candidates, and foresees closing this transaction within the next 3 to 5 business days.
In other company news and updates, the Company effective September 21, 2012 has passed a Corporate Resolution to engage the transfer agent services of Action Stock Transfer Corp. Transfer agent services are estimated to be transferred as of the week of October 2, 2012 to:
Action Stock Transfer Corp.
2469 E. Fort Union Blvd, Ste 214
Salt Lake City, UT 84121
(801) 274-1088 office
More details will follow on a timely basis.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Media Sentiment, Inc., that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "see," "intent," "plan," "project" and similar words and phrases are intended to identify such forward-looking statements. Media Sentiment, Inc. cautions you that any forward-looking information provided by or on behalf of Media Sentiment, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Media Sentiment, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Media Sentiment, Inc.'s control. In addition to those discussed in Media Sentiment, Inc.'s press releases, public filings, and statements by Media Sentiment, Inc.'s management, including, but not limited to, Media Sentiment, Inc.'s estimate of the sufficiency of its existing capital resources, Media Sentiment, Inc.'s ability to raise additional capital to fund future operations, Media Sentiment, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Media Sentiment, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Media Sentiment, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
SOURCE Media Sentiment, Inc.