WILMINGTON, DELAWARE--(Marketwire - Aug. 23, 2012) - TMM, Inc. (PINKSHEETS:TMMI) ("TMMI" or "the Company") is pleased to announce that the Company has filed disclosure information on the OTCMarkets website (http://www.otcmarkets.com/stock/TMMI/filings). The Company has achieved an OTC Pink Current Information tier and hence, the Stop and Yield signs have been removed.
TMMI continues development of its fractal TRUDEF™ codec with updates and improvements for digital video compression. Technically challenging videos obtained from content developers have been compressed and the resulting compression rates/ decompressed picture quality has been very encouraging. The ten new programmers will be assigned roles focusing on increasing usability features of the TRUDEF™ fractal codec.
ON BEHALF OF THE TMMI BOARD OF DIRECTORS OF TMM, INC.:
GERARD V. CAVANAUGH, CHAIRMAN AND PRESIDENT
For more information, please visit the Company's Website at http://www.tmmi.us.
Safe Harbor Statement
The information in this release contains forward-looking statements which involve risks and uncertainties, including statements regarding the Company's capital needs, business strategy and expectations. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements, which may be identified by terminology such as "may", "should", "will", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict", "potential", "forecast", "project", or "continue", the negative of such terms or other comparable terminology. Readers should not rely on forward-looking statements as predictions of future events or results. Any or all of the Company's forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions, risks and uncertainties and other factors which could cause actual events or results to be materially different from those expressed or implied in the forward-looking statements. Factors may cause the Company's actual results to differ materially from any forward-looking statement. In addition, new factors emerge from time to time and it is not possible for the Company to predict all factors that may cause actual results to differ materially from those contained in any forward- looking statements. The Company disclaims any obligation to publicly update any forward-looking statements to reflect events or circumstances after the date of this document, except as required by applicable law.