VANCOUVER, BRITISH COLUMBIA--Consolidated Magna Ventures Ltd. ("Magna'', symbol CMV:CDNX), and Copydot Prepress Inc. ("Copydot'') are pleased to provide shareholders with an update on the corporate developments surrounding Magna's pending purchase of Copydot (subject to CDNX approval) and the continuing deployment of SkinnyScript (TM) technology. SkinnyScript (TM), as previously announced, is a new production methodology for significantly reducing the size of graphic files, with no loss of quality. Publishers, Ad Agencies and Printers can immediately benefit from the smaller file sizes through increased throughput and productivity, and reduced costs of storage and communication and the elimination of couriers to transfer information between publisher and prepress/printer.
The response from the Publishing and Printing industries to the recent launch of SkinnyScript (TM) has been overwhelming as callers from around the world are asking how and when they can access this revolutionary technology. As such, Magna and Copydot are undertaking an expansion, including the addition of sales staff and new equipment and the leasing of larger office facilities, to meet the anticipated growth in business volume. Furthermore, while the due diligence surrounding the acquisition continues, Magna is preparing documentation to change the Company's name to better reflect its business vision, and is developing new marketing material, including new logos and a website for Copydot, to promote this exciting business opportunity.
The Skinny (TM) sales team is confidently pursuing long-term contracts with several major North American magazine publishers, representing millions of dollars in new business and discussions are underway for agreements with Original Equipment Manufacturers that could benefit from SkinnyScript (TM) technology. In the meantime, new clients are coming on stream this month and SkinnyScript (TM) continues to perform, as the second "Skinny (TM)'' issues ofSan Jose Magazine and "AIRLINES'', the official in-flight magazine for Westjet Airlines Ltd., go to press.
The Companies are diligently working on laying a solid foundation for this new venture and look forward to providing additional news to shareholders as it unfolds.
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