Chalk Signs Agreement With Leading Global Investment Management Firm
October 10 2008 - 7:00AM
Marketwired
Chalk Media Corp. (TSX VENTURE: CKM) today announced that one of
the world's largest investment managers has signed a software
licensing agreement for Mobile chalkboard(TM), Chalk's BlackBerry�
communication software. Mobile chalkboard(TM) will be used to cut
overhead and save money on internal training and priority
communications.
The client had over $650 billion under management as of August
31, 2008 and operates in more than 20 countries. The firm manages
money for thousands of clients including over half the Fortune 100
companies.
"This deal demonstrates that even in a tough economic
environment, financial services firms are seeing value in our
software", said Stewart Walchli, President & CEO, Chalk. "We
believe there is tremendous growth potential in this account to
additional business units within the company as well as to their
large client base. This deal is a great validation of our software
as this client is a very highly regarded and influential member of
the BlackBerry community."
"Given the current challenges in the financial services sector,
for the past several quarters we have focused the vast majority of
our sales efforts on companies in industry verticals such as
telecommunications, media, professional services and
pharmaceuticals," Mr. Walchli added. "Nonetheless, it is great to
see a deal come through in this large market segment."
About Chalk Media Corp.
Chalk's mobile content deployment system, Mobile chalkboard(TM),
allows multimedia content to be created, securely pushed and
tracked on BlackBerry� smartphones. Our software and content help
organizations communicate with their employees, business partners
and customers. Additional information is available at
www.chalk.com.
Forward Looking Statement
This press release contains "forward-looking statements" within
the meaning of applicable Canadian securities legislation.
Generally, forward-looking statements can be identified by the use
of forward- looking terminology such as "plans", "expects" or "does
not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may","could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking
statements are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of Chalk to be materially
different from those expressed or implied by such forward-looking
statements, including but not limited to: risks related to the
speculative nature of the software industry, which is affected by
numerous factors beyond Chalk's control; the existence of present
and possible future government regulation; the significant and
increasing competition that exists in the software industry; and
risks associated with early stage companies such as Chalk,
including uncertainty of revenues, markets and profitability and
the need to raise additional funding.
Although Chalk has attempted to identify important factors that
could cause actual results to differ materially from those
contained in forward-looking statements, there may be other factors
that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements. Chalk does not undertake to update any forward-looking
statements that are incorporated by reference herein, except in
accordance with applicable securities laws. Further information on
Chalk Media Corp. is available at www.sedar.com.
The BlackBerry� and RIM families of related marks, images and
symbols are the exclusive properties and trademarks of Research In
Motion Limited. RIM assumes no liability and makes no
representation, warranty or guarantee in relation to third party
products or services.
The TSX Venture Exchange has not reviewed the contents of this
release and is not responsible for its accuracy.
Contacts: Chalk Media Corp. Kris Sutherland Executive Vice
President (604) 453-4424 Email: kris@chalk.com Website:
www.chalk.com
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