Science & Technology
Science and Technology
Science and Technology
Tue, February 10, 2009
Statmon Technologies Television Station HUB & Remote Control Solution is Designed to Reduce Broadcasters Operating Costs by Mil
CHICAGO--([ BUSINESS WIRE ])--Statmon Technologies Corp. (OTCBB:STCA), a leading monitoring and remote control solution provider for broadcast and telecommunication remote site networks is working with major broadcasters to help stem the bleeding as broadcasters revenues tumble and the costs caused by the delay of the HD TV switch over, mount up.
Statmon's Chairman and CEO, Mr. Geoffrey Talbot, commented: "Statmon's proven regional HUB model consolidates local station operations facilitating mission critical operating control at a national master control or network operations center ("NOC"), eliminating duplicative local station systems and device control for programming, traffic and content delivery while simultaneously satisfying regulatory compliance issues including managing the EMS (emergency alert system)."
GE-NBC Universal (NYSE "GE") and Statmon first developed the regional HUB model over six years ago. The Statmon Technologies regional HUB model is now being adopted by select television station groups to consolidate local markets and significantly reduce their network operating expenses.
Mr. Geoffrey Talbot, continued: "While many broadcast capital expenditure budgets were put on hold in late 2008, as the financial markets imploded sending the economy into a tail spin, at Statmon, we are now seeing highly selective expenditure approvals gaining momentum albeit approved by economic merit on a case by case basis. In the prevailing environment, "C Level" and financial management are seeking ways to slash operating expenses and reallocate resources in a paradigm shift. Fast cost reduction results can be achieved by deployment and functionality expansion of the Statmon solution. The cost effective Statmon regional hub model consolidates local operations up to a regional level, controlled by a national master control or network operations center ("NOC"), eliminating duplicative operations while at the same time satisfying regulatory compliance issues including managing the EMS (emergency alert system)."
Mr. Talbot went on to say; "Statmon is also offering its enterprise clients flexible payment options for its cost saving software. A license fee per site and maintenance fee is paid monthly. The Statmon "Structured Software License Plan" is designed to minimize the initial capital cost of deploying the Statmon Platform and to fast track the net cash flow benefits facilitated by reduced operating costs thereby better matching the investment and the real time cash benefit. There are initial installation and hardware costs. The initial and ongoing investment payback ROI is a very short, if not in fact, cash flow positive from the get go."
About Statmon Technologies Corp.
Statmon Technologies Corp. is a wireless and fiber infrastructure network management solution provider. Axess, its proprietary software application, and its supporting integration products are deployed in telecommunications, media broadcast and navigation aid transmission networks to optimize operations and ensure that the entire network functions effectively. The Statmon Platform is designed to self-heal, or preempt transmission failure by automating the integration of the different devices and disparate technologies in a network under a single umbrella control system, and permit manual corrective action at the network operations center or from any connected computer, including a wireless device.
Statmon's clients include: Qualcomm - MediaFLO USA (NMS "QCOM"); General Electric – NBC Universal & Telemundo Television Networks (NYSE "GE"); CBS Corp. (NYQ "CBS"); The Walt Disney Company - ABC Television & Radio Networks (NYQ: "DIS"); Cox Communications; Belo Corp (NYQ: "BLC"); Harris Corp (NYSE "HRS"), LIN TV, Australian Government owned Air Services of Australia (the Australian equivalent to the FAA); Tribune Company Television; and Univision Communications Television and Radio Networks.
The Company is headquartered in Bannockburn, IL, a Chicago suburb, and its shares are traded in the OTC Bulletin Board under the symbol "STCA.OB."
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based largely on expectations or forecasts of future events, can be affected by inaccurate assumptions and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the Company's control. Therefore, actual results could be differ materially from the forward-looking statements contained in this press release. A wide variety of factors could cause or contribute to such differences and could adversely impact revenues, margins, profitability, cash flows and capital needs. Such factors include, but are not limited to, its ability to increase revenues and achieve profits and positive cash flow for the balance of fiscal 2009; its ability to maintain or expand distribution within existing and new channels of trade for its products, including turning its existing pipeline of opportunities into actual sales; the relatively long sales cycle for its products and services; its dependence on MediaFLO for a substantial portion of its revenues; its ability to complete the placement of its offering of Secured Convertible Debentures; its need for additional capital and the uncertainty of obtaining it; the market acceptance for one or more of its new or existing products; whether it will be able to adapt its technology to new and different uses, including being able to introduce new products; competition from larger, more established companies with far greater economic and human resources; its ability to track and retain costumers and quality employees; the effect of changes economic conditions; and changes in government regulations, tax rates and similar matters; its ability to refinance or renegotiate promissory notes that have come due or are coming due; the wide fluctuations in its quarterly operating results; its failure to successfully implement new market verticals; and its ability to keep pace with rapidly changing technologies. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes," "expects," "anticipates," "intends," "estimates," "plans," "projects," "should" or other expressions that are predictions of or indicate future events or trends to be uncertain and forward-looking. The Company does not undertake to publicly update or revise forward-looking statements, whether as result of new information, future events or otherwise. For a more detailed description of these and other cautionary factors that may affect the Company's future results, please refer to its Report on Form 10-KSB for its fiscal year ended March 31, 2008 and its Form 10-Q for the period ended September 30, 2008, filed with the Securities and Exchange Commission.
