Tuesday, August 17, 2010

Metro One announce new interactive tech, exchange tech for dividend

In dual news, Concord, Ontario-based Metro One Development Inc. announced a new service on their network and share its technical knowledge with Innovative Product Opportunities Inc., in exchange for 1,000,000 common shares of their company.

The new service allows advertisers to create ads utilizing a multi-user interactive experience. Its being tested at two airports in Canada and is proving to deliver on the value of the interactive media network by providing a fun and memorable experience for the user and providing valuable data for the ad customer. Metro One assert that their unique media also provides advertisers with clear ROI, by offering valuable statistical and priceless information regarding the effectiveness of user interaction with each ad.

As for the deal with Innovative Product Opportunities Inc., a spokesperson from Metro One stated that it was a great opportunity for both companies to further advance the product. The 1,000,000 shares will be distributed, pursuant to a trust held for the benefit of the shareholders of Metro One Development, Inc., after Innovative Product Opportunities registration statement filed with the Securities and Exchange Commission is declared effective and its shares are quoted on the Over-the-Counter Bulletin Board.

Stuart Turk, CEO of Metro One stated, "Once their shares are quoted on the Over-the-Counter Bulletin Board, a dividend date will be set and the trust will distribute the shares prorated to each Metro One shareholder on the record date set for the distribution."

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