EX-99.1
3
ex_99-1.htm
PRESS RELEASE DATED OCTOBER 8, 2008
ex_99-1.htm
EXHIBIT 99.1
Press
Release
Source:
Vault Technology, Inc.
Vault
Technology Signs Letter of Intent to Acquire Digital Media Invention, LLC
Wednesday
October 8, 9:29 am ET
Transaction Projected to Bring
Valuable Intellectual Property and Licensing Operations
FORT
LAUDERDALE, FL--(MARKET WIRE)--Oct 8, 2008 -- Vault Technology, Inc. (OTC
BB:
VULT.OB
-
News
) today
announced that it has signed a non-binding letter of intent to acquire Digital
Media Invention, LLC. Digital Media Invention (DMI) is an intellectual property
and patent portfolio management and licensing firm.
"We are
excited to be able to add Digital Media Invention and their patent portfolio to
our groups operations", said Nick Arroyo, President and CEO of Vault Technology.
"This acquisition will form the basis of our technology solutions group as
previously announced. Their proven process for capturing, acquiring, and
licensing intellectual property will be of tremendous value to our technology
solutions unit".
Over the
past couple of years, DMI has accumulated a number of patents and intellectual
property rights for products and services related to consumer goods,
electronics, and digital media distribution. DMI has developed a methodology for
searching, negotiating, acquiring, enforcing, and licensing intellectual
property and patent rights. The company has experience in evaluating whether
products and/or processes infringe on the intellectual property rights owned by
clients and effectively researching market viability and commercialization
opportunities.
About
Digital Media Invention, LLC
Digital
Media Invention is an intellectual property and patent portfolio management and
licensing firm. The company focuses on a methodology for searching, negotiating,
acquiring, enforcing, and licensing intellectual property and patent
rights.
About
Vault Technology, Inc.
Vault
Technology, Inc. is a resource exploration and development company focusing on
its uranium project in the Wollaston domain of North Eastern Saskatchewan,
Canada. In addition, Vault is exploring other opportunities in the products and
services arena related to audiovisual systems integration, home theater systems
and digital media. Vault is actively engaged in the development of breakthrough
strategies for the next generation of enterprise system solutions. If you would
like additional information on Vault Technology, Inc. please contact us
at:
Vault Technology,
Inc.
4901 NW
17th Way, Suite 405
Fort
Lauderdale, Fl 33309
Phone: 954-492-9200
Fax: 954-492-9639
Email
contact:
info@vaulttechnology.com
Website:
http://www.vaulttechnology.com
Safe
Harbor Statement
This
release contains forward-looking statements, which are made pursuant to the safe
harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements are commonly identified by words such as "would,"
"may", "will", "expects", and other terms with similar meaning. Forward-looking
statements are based on current beliefs, assumptions and expectations and speak
only as of the date of this release and involve risks and uncertainties that
could cause actual results to differ materially from current expectations. We
assume no obligation to update or revise any forward-looking statement, whether
as a result of new information, future events or any other reason.
Contact:
CONTACT:
Vault
Technology, Inc.
4901
NW 17th Way, Suite 405
Fort
Lauderdale, FL 33309
Phone: 954-492-9200
Fax:
954-492-9639
Email
contact:
Email
Contact
_______________________
Source:
Vault Technology, Inc.

EX - 99 . 1 3 ex _ 99 - 1 . htm PRESS RELEASE DATED OCTOBER 8 , 2008 ex _ 99 - 1 . htm EXHIBIT 99 . 1 Press Release Source : Vault Technology , Inc . Vault Technology Signs Letter of Intent to Acquire Digital Media Invention , LLC Wednesday October 8 , 9 : 29 am ET Transaction Projected to Bring Valuable Intellectual Property and Licensing Operations FORT LAUDERDALE , FL -- ( MARKET WIRE ) -- Oct 8 , 2008 -- Vault Technology , Inc . ( OTC BB : VULT . OB - News ) today announced that it has signed a non - binding letter of intent to acquire Digital Media Invention , LLC . Digital Media Invention ( DMI ) is an intellectual property and patent portfolio management and licensing firm . " We are excited to be able to add Digital Media Invention and their patent portfolio to our groups operations " , said Nick Arroyo , President and CEO of Vault Technology . " This acquisition will form the basis of our technology solutions group as previously announced . Their proven process for capturing , acquiring , and licensing intellectual property will be of tremendous value to our technology solutions unit " . Over the past couple of years , DMI has accumulated a number of patents and intellectual property rights for products and services related to consumer goods , electronics , and digital media distribution . DMI has developed a methodology for searching , negotiating , acquiring , enforcing , and licensing intellectual property and patent rights . The company has experience in evaluating whether products and / or processes infringe on the intellectual property rights owned by clients and effectively researching market viability and commercialization opportunities . About Digital Media Invention , LLC Digital Media Invention is an intellectual property and patent portfolio management and licensing firm . The company focuses on a methodology for searching , negotiating , acquiring , enforcing , and licensing intellectual property and patent rights . About Vault Technology , Inc . Vault Technology , Inc . is a resource exploration and development company focusing on its uranium project in the Wollaston domain of North Eastern Saskatchewan , Canada . In addition , Vault is exploring other opportunities in the products and services arena related to audiovisual systems integration , home theater systems and digital media . Vault is actively engaged in the development of breakthrough strategies for the next generation of enterprise system solutions . If you would like additional information on Vault Technology , Inc . please contact us at : Vault Technology , Inc . 4901 NW 17th Way , Suite 405 Fort Lauderdale , Fl 33309 Phone : 954 - 492 - 9200 Fax : 954 - 492 - 9639 Email contact : info@vaulttechnology.com Website : http://www.vaulttechnology.com Safe Harbor Statement This release contains forward - looking statements , which are made pursuant to the safe harbor provisions of the U . S . Private Securities Litigation Reform Act of 1995 . Forward - looking statements are commonly identified by words such as " would , " " may " , " will " , " expects " , and other terms with similar meaning . Forward - looking statements are based on current beliefs , assumptions and expectations and speak only as of the date of this release and involve risks and uncertainties that could cause actual results to differ materially from current expectations . We assume no obligation to update or revise any forward - looking statement , whether as a result of new information , future events or any other reason . Contact : CONTACT : Vault Technology , Inc . 4901 NW 17th Way , Suite 405 Fort Lauderdale , FL 33309 Phone : 954 - 492 - 9200 Fax : 954 - 492 - 9639 Email contact : Email Contact _______________________ Source : Vault Technology , Inc .
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