Science & Technology
Science and Technology
Science and Technology
Wed, July 15, 2009
Tue, July 14, 2009 XnE, Inc.: Siena Technologies, Inc. Name Change to XnE, Inc. and 500 to 1 Reverse Took Effect July 1, 2009
IRVINE, CA--(Marketwire - July 14, 2009) - Siena Technologies, Inc. (
Siena Technologies, Inc. CEO, Michael Cummings, stated, "The Company's Board of Directors, as well as the Majority Shareholder, believes that the Name Change is in the Company's best interest and is intended to more accurately reflect the Company's operations and interests. At present, the Company is no longer engaged in the technology business but in the sports and entertainment industry. The name stands for 'excellence in entertainment' and better reflects the future operations of the Company. We also, launched a new website at [ www.xneinc.com ] which explains our focus in more detail."
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About XnE, Inc.
XnE, Inc. is part of the "FASTEST GROWING FAMILY SPORT IN AMERICA and that is MINOR LEAGUE BASEBALL." Over 50 million people attend minor league baseball games each season, in 2004 through 2008, minor league baseball drew more total fans to their games than the NBA, NFL and NHL combined and minor league teams are now in or near 100% of the top 50 US cities.
Minor league baseball appeals to families who appreciate its ability to entertain at a reasonable price. A family of four can go to the game including tickets, snacks and parking for around $40. Minors' average ticket price is $6, Major League Baseball is $18, NBA is over $41 and the NFL is over $50. In a recent survey 81% of respondents said they want to spend more time with family and 51% said baseball is the way to do it.
FORWARD-LOOKING STATEMENT: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the sustainability of recent growth rates in the Sports and Entertainment industry; the positioning of XnE in the market; ability to integrate acquired companies and technology; ability to retain key employees; ability to successfully combine product offerings and customer acceptance of combined products; general market conditions, fluctuations in currency exchange rates, changes to operating systems and product strategy by vendors of operating systems; and whether XnE can successfully gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release.
