Trimax Corporation (TMXO.OB) stock price increased 19.57% during Monday’s trading session. Because Trimax Corporation, a leading provider of Broadband over PowerLine communication technologies, announced that Cybersonics Sound Technologies has further enhanced the company’s broadcast network offerings, the stock price reacted favorably.
Through state-of-the-art IP broadcast media software, Cybersonics can deliver real-time control of music and scheduling of custom advertising to various customers. Cybersonics will be immediately installing their music delivery system into Federated Co-op Stores, amongst others.
Jim Addario, President of Cybersonics Sound stated, “Entering the Commercial Music Supply industry completes our Mall Radio Network offering. In many ways, getting into the Music business parallels our entry into the Digital Signage business. After years of having clients ask if we could supply their music or manage their signage, we finally sourced products that met the standards we demand for our clients. They have to be easy to manage in real time, improve the product offering and be at a price point that works for the client. We anticipate being able to grow Music revenues quickly through our existing customers and sales channels”.
Futhermore, TMXO has also signed a term sheet for the acquisition of revenue producing Zai-Can Telecom. Zai-Can is projecting significant revenues for 2008, with estimates totaling $3.5 million.
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