Piranha's Impact Solutions Subsidiary Also Announces Sale
Of Piranha Byte to Messner Vetere Berger McNamee Schmetterer/EURO RSCG
NEW YORK, JUNE 28 /PRNewswire/ --
Piranha, Inc. (OTC Bulletin Board: BYTE), an innovator in data compression
solutions, today announced the sale of Piranha Byte(TM), a data compression
tool for the imaging, publishing and printing industries, to DDB Worldwide,
one of the world's leading advertising agencies with 206 offices in
98 countries around the globe.
DDB Worldwide is the largest agency network in the U.S. and the third
largest in the world with billings of $15.4 billion last year.
Impact Solutions, Inc., a Piranha subsidiary, also announced the sale of
Piranha Byte(TM) to Messner Vetere Berger McNamee Schmetterer/EURO RSCG, the
youngest billion-dollar agency in the industry since its inception in 1986.
Piranha Byte's compression technology enables DDB Worldwide and MVBMS to
improve the speed, bandwidth and time normally associated with its digital
file transfers. Piranha Byte reduces data transfer time and storage
requirements and provides point-to-multipoint communications, compressing
files at least eight times smaller than their original size.
"Piranha Byte will improve our business by eliminating the need for
expensive disks and delivery services," said Michael Guzman, Director of Print
Services for DDB Worldwide Communications Group, Inc. "By compressing files,
DDB Worldwide can get them to any place in the world in minutes rather than
days. When you multiply the amount of ads that agencies produce on a yearly
basis by those savings, it could save hundreds of thousands of dollars in
material and delivery costs."
"The fast-changing global economy forces leading advertising agencies
to search for cutting-edge solutions in the digital world," said
Larry E. Greybill, President of Impact Solutions. "DDB Worldwide and MVBMS
recognize the efficiencies that Piranha Byte brings to digital workflows as
well as the reduction of costs in servicing clients around the globe."
Piranha Byte is available from Impact Solutions, Piranha Inc.'s sales and
marketing subsidiary that is focused on the professional imaging and
publishing industries, and Zideo.com, another Piranha subsidiary that sells
and markets Piranha products to the Internet and entertainment industries.
About Piranha, Inc.
Piranha, Inc., based in Dallas, Texas, develops digital compression
solutions to produce precise compressed images, audio and text for
e-businesses, publishers and printers. Piranha delivers high-quality "lossy"
and "lossless" data compression management solutions for printing, publishing,
medical imaging, document storage and Internet-related businesses such as
music, video, gaming, e-commerce, photos and advertising. Piranha solutions
increase the speed of Web pages and optimize bandwidth and storage by
dramatically reducing data file sizes. Piranha products are available on
Linux, Windows and Macintosh operating systems. Impact Solutions, Inc.,
focused on the imaging and printing industries, is located in Freehold, NJ.
Zideo.com is located in Richardson, TX. More information is available at
http://www.piranha.com, http://www.impact-s.com, and http://www.zideo.com or call
Impact Solutions 732-409-5190.
Piranha Stream and Piranha Byte are trademarks of Piranha, Inc. Other
companies' names and products are trademarks or registered trademarks of their
respective companies.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995. Included in this company profile are certain "forward-looking"
statements within the meaning of the Securities Act of 1933, as amended.
Although the Company believes that the expectations reflected in such
forward-looking statements are reasonable, actual results may differ
materially from those anticipated in the forward-looking statements as a
result of certain factors including sales levels, retention, competition
trends and other market factors.
Contact: Larry E. Greybill of Piranha, Inc./Impact Solutions,
732-409-5190, or lgreybill@impact-s.com; or Mike DiLorenzo or David McKee,
both of Schwartz Communications, 781-684-0770, or piranha@schwartz-pr.com
SOURCE Piranha, Inc.
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CONTACT:
Larry E. Greybill of Piranha, Inc.-Impact
Solutions, 732-409-5190, or lgreybill@impact-s.com; or Mike
DiLorenzo, or David McKee, both of Schwartz Communications,
781-684-0770, or piranha@schwartz-pr.com
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