Thursday, October 8, 2009

Pixman Nomadic Media restructuring their operations


Montreal-based Pixman Nomadic Media (TSX-V: "PMN") announced that they're performing some important restructuring of their activities yesterday. Based on weak sales performance over the last three quarters, Pixman's Board of Directors has decided to act quickly and reduce the total expenditure of the corporation to focus on recapitalization and to support the development of its new mobile device applications.

The TSX Venture traded firm attributes the need for change to "global economic slowdown and the decline of activities in the field of advertising".

Pixman is mostly known for its TribalCastMD solution, which is basically street-level brand promotion by people wearing screens on their backs.

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