Indie Ranch Media to Implement Strategy for Increased Shareholder Value; Company Feels Current Share Price Undervalued Compared
May 29 2009 - 6:00PM
Marketwired
Indie Ranch Media, Inc. (PINKSHEETS: INDR) today provides its
shareholder an overview of its strategy to achieve increased
shareholder value. The Company feels its current share price is
undervalued, especially compared to the potential of its NetMix
Broadcasting Network Inc. subsidiary ("NetMix").
INDR outlines a strategy in more detail below.
Indie Ranch Media is dedicated to developing, supporting and
launching emerging Internet-based media ventures and technologies.
While emerging technologies and emerging markets present exciting
opportunities and potentially dramatic returns on investment, the
associated investment requirements to pursue such opportunities can
be difficult to find.
The Good News and Bad News with OTC Investments
The general class of investment available to OTC (OTC Pink
Sheets and OTCBB) listed companies is a good fit for emerging
technology and emerging market opportunities. OTC investors are
generally tolerant of higher risk investments. However, the
investment structures are often secured by the potential issue of
additional common stock through possible convertible securities and
the risk of dilution frequently prevents an OTC listed company from
establishing long-term share price appreciation.
INDR's Share Price Challenge
INDR's support and the development of NetMix Broadcasting
Network has resulted in the creation of a business and a revenue
model that can produce positive operational income. Unfortunately,
as a result of the OTC investment dynamics, the Company has not
established long-term share price appreciation. As a result of not
establishing long-term capital appreciation, the Company has not
only faced the risk of dilution, but actually realized more
dilution than anticipated. Today, the share price is lower than
would be expected by the fundamental financial performance.
High Risk Investment and Long-Term Share Price Appreciation
To reverse the share price performance, realize long-term
capital appreciation, and overcome the challenge of continuing to
access the higher risk investment available to OTC listed
companies, the Company has to balance multiple strategies.
Strategy Overview, including but not limited to the
following:
1. Fundamentally business growth is the best plan for share
price appreciation. With that in mind, INDR will increase its focus
on NetMix and invest resources to enable NetMix to gain traction
with new listeners, revenues and eventually earnings. Furthermore,
INDR intends to aggressively market NetMix.fm to content providers
who are unable to access satellite or other distribution channels.
For example, the Company is pursuing an opportunity with
JENNiRADIO, as previously discussed.
2. Identify other companies who are also pursuing ongoing
Internet radio, technology and emerging market opportunities for
the purpose of developing a partnership wherein INDR will
contribute Internet-based radio, media and technology
expertise.
3. Maximize INDR's structure as an incubator by approaching
independently listed micro-cap companies to provide the platform
for other Internet technology based joint ventures, early stage
acquisitions and spin offs.
4. Consider the implementation of possible stock buyback
programs and dividend programs to provide value to our
shareholders.
5. Pursue being acquired by other private or public companies.
For example, as discussed previously the Company is already talking
with a potential suitor.
Investment Opportunity; Revitalization and Benchmark Share Price
Increases
INDR expects business achieved from the content providers,
potential partners and other micro cap companies to help establish
long term price appreciation. INDR recognizes that some of the new
structures could also be new investment opportunities for INDR
shareholders. Recognizing, that early stage micro-cap companies
often experience share price volatility. The micro-cap ventures are
often launched by revitalizing an old micro-cap public company that
has had little recent operational activity or trading. The
corporate clean up of the old company and the introduction of a new
strategy can create new optimism that can be reflected in share
price increases. Additional share price increases are also possible
as the revitalized company achieves benchmark successes. While the
micro-cap company might not ultimately succeed and deliver
long-term share price appreciation, the revitalization process and
benchmark successes can possibly deliver significant returns within
a relatively short period of time.
The Company looks forward to implementing the above strategies,
sharing our upcoming progress and our coordinating efforts to
establish long-term capital appreciation.
JENNiRadio are logos, trademarks or registered trademarks of
their respective owners; mention is for reference only and does not
imply any connection or relationship between Indie Ranch Media or
its subsidiaries and these companies.
INDIE RANCH MEDIA, INC.
Indie Ranch Media is an incubator dedicated to developing,
supporting and launching Internet-based media ventures and
technologies. The Company's focus is on combining strategy, ideas,
and execution with the culture of entrepreneurial spirit to develop
new media products faster, cheaper, and better. The Company is
supporting the development of NetMix Broadcasting Network Inc.
(www.netmix.fm) and Omni Entertainment Group Inc.
(www.omniegi.com).
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
A number of statements contained in this press release are
forward-looking statements. These forward-looking statements
involve a number of risks and uncertainties, including the
sufficiency of existing capital resources, technological changes
and uncertainties related to the development of Indie Ranch Media
Inc's business model. The actual results Indie Ranch Media Inc. may
achieve could differ materially from any forward-looking statements
due to such risks and uncertainties.
For further information please contact: Shareholder
Communications Sharon DiMagio www.indranch.com Telephone:
888-280-8978
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