Metro One Announces Successful Deployment of Three Interactive Advertising Floors in Leading Shopping Centers
January 30 2010 - 4:49PM
Marketwired
Metro One Development, Inc. (PINK SHEETS: MTRO) ('the Company'), a
digital out of home media company, announced today details of its
2010 plans to expand its Canadian interactive digital network,
providing an enhanced network footprint in Canada to meet the
growing demands of national advertisers.
Metro One (www.metro-one.com) is currently operating 3
installations in 2 shopping malls in southwestern Ontario and is
working with the mall operator on an advertising revenue share
program.
It is estimated that based upon the number of shoppers visiting
the malls, that the total advertising revenue for 2010 from
existing installations alone when fully advertised could exceed
$180,000 per location. Further installations with this mall
operator could potentially see StepOne in 30 shopping malls across
Canada over the next few years.
Mall owners can leverage the power of Metro One interactive
displays to provide shoppers with billboard information and help
them locate different products and services throughout the
mall.
Metro One plans on extending services, reach and access into
additional locations in Canada, as part of an anticipated capital
investment in 2010. This investment demonstrates the company's
commitment to national advertisers demanding a nationally
consistent set of services, cost-efficiency and automation wherever
they do business.
Stuart Turk, CEO of Metro One stated, "its a priority to deploy
the infrastructure and network interconnections that will allow us
to operate a seamless national network. Our continued commitment to
serve the needs of advertisers is our continued focus on quality of
service, pricing and the ability to innovate."
About Metro One Development, Inc.
Metro One Development, Inc., http://www.metro-one.com, plans to
develop an interactive out of home media company giving the
consumer more control over their media experience and creating
highly entertaining branding displays that respond to the physical
movements of the consumer.
This press release contains forward-looking statements that
involve a number of risks and uncertainties. Any statement not
regarding a historical fact is a forward-looking statement.
Important factors that could cause actual results to differ
materially from those indicated by such forward-looking statements
include, but are not limited to, the company's ability to finance
its planned expansion efforts; the company's ability to raise funds
on acceptable terms, the company's ability to secure advertisers;
the company's ability to successfully adapt its business model and
such other risks disclosed from time to time in the company's
reports filed with the securities and exchange commission including
those on the company's annual report on form 10-K. The company does
not intend to update any of the forward-looking statements after
the date of this document to conform these statements to actual
results or to changes in management's expectations, except as
required by law.
Contacts: Metro One Development, Inc. Al Kau Investor Relations
(888) 795-3166 (California) al@thesearchforvalue.com
www.metro-one.com
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