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MMUH to Offer Hosted Product Suite With Limitless Virtual Space
ORLANDO, Fla., Nov. 16, 2010 –(GLOBE NEWSWIRE)– Mobile Media Unlimited Holdings (Pink Sheets: MMUH) is pleased to announce that it is preparing for its release of our Hosted Online Storage Product, nicknamed ‘Project Jupiter’. The product will be offered completely free of charge for personal use, allowing anyone and everyone to take advantage of the software with unlimited storage capabilities.
“We are very pleased with this product offering,” states Danny Jenkins, Mobile Media’s C.E.O. “Online storage has been met with increasing demand; be it for convenience, security, back-up, collaboration or all of the above. It is becoming an operations staple for many, both in personal and business realms. What we’re bringing to market with Jupiter Files is a product that allows users to synchronize all of their files to a cloud location. Their files will then be accessible from any other computer in the world and can by synchronized among all of a user’s computers. We’re looking to shake the market up a bit, as it’s the only product of its type thus far that will offer free, unlimited file collaboration and storage.”
The company anticipates an aggressive subscriber database approaching 120,000 by the end of the first quarter to the ‘free’ and ‘unlimited’ storage version of the personal product. The company will also launch a business version of the product, which will offer additional features and functionality, and is set for immediate revenue streams with a target of $550,000 annualized revenue by the end of the third quarter of 2011 for this product line.
“The annualized revenue modal allows us to increase our revenue in steep steps year on year. As each New Year, we start our revenue off at the point of closing on the previous year, and new sales for the year will just add to our revenue. The revenue for the previous year will simply just be re-occurring.
“In addition to bringing revenues, Jupiter will bring business value to MMUH, through ownership of free subscribers. It is important to understand the value of subscribers in the ever growing world-wide-web. These examples are shown in the history web 2.0, like YouTube and Facebook. Where corporate values excel based on free subscriptions,” adds Jenkins.
“This is the killer product for us, with Microsoft and Dropbox currently monopolizing the market, but only offering a tragic free storage amount of 2GB and 5GB respectively, we really are going to open the flood gates as to what online storage and files are supposed to be. We believe Jupiter is the one which will take us in to the ‘super profit’ zone. It’s where we need to be, it’s where we want to be and with Project Jupiter, we are a step closer today.” adds Jenkins.
A blog has been setup to track the development, and features of Jupiter Files. Information about the progress and upcoming features can be tracked on www.jupiterfiles.com
Mobile Media Unlimited Holdings states that the first public release is due by early Q1 2011.
Enable Software is a software development company that works with IT Service Providers to furnish them with the very latest in email and storage management solutions for the modern market place.
Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements as a result of various factors and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place under reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Mobile Media Unlimited Holdings and Enable Software take no obligation to update such statements.
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