Piranha Inks Contract Granting Exclusive Licensing Agreement for Piranha
Byte(TM), Piranha Net(TM) and Piranha Stream(TM) Products for Australia and
New Zealand Territories.
SYDNEY, Australia, July 12 /PRNewswire/ -- Piranha, Inc.
(OTC Bulletin Board: BYTE), an innovator in data compression solutions, today
announced the signing of its first distributorship agreement with Collage
Technologies Pty Ltd, an Australian-owned private company.
At a joint press conference held in Sydney, Edward W. Sample, Chief
Executive Officer of Piranha, Inc. and Greg Carmock, Chief Executive Officer,
Collage Technologies presented detailed information regarding the licensing
agreement as well as specifics of the Piranha products to a wide array of
media representatives.
Commenting on the agreement, Sample stated, "For the past six months
Piranha has been working very closely with Collage Technologies to define the
terms and conditions of this exciting relationship. We are absolutely
convinced that the Collage team has the expertise, enthusiasm and experience
to best represent the Piranha family of products in the Australia and New
Zealand territories. Building on this very strong skill base Collage will
further develop and grow a specialized team to address all segments of the
market to fully exploit the exciting opportunity that all three Piranha
products represent."
"Collage fully expects this exclusive licensing agreement to result in
gross sales of $50 Million (Australian) or more over the next few years",
explains Carmock. "Our market place is desperately in need of these highly
advanced data compression products."
Piranha's primary architect of the agreement, Nate McClintock, President
of Piranha's wholly-owned subsidiary Zideo.com, Inc. states, "Collage
Technologies principals Greg Carmock, Stefan Matthews and Brian Fine bring a
wealth of experience that addresses every major market targeted by the Piranha
family of products. Collectively, they have tremendous knowledge in the
entertainment industry, publishing industry, and Internet services market
segments."
About Piranha, Inc.
Piranha, Inc. (OTC Bulletin Board: BYTE), 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. More information is available
at http://www.piranha.com , or call Piranha, Inc. 214-800-2835.
About Collage Technology Pty Ltd
Collage Technology Pty Ltd, an Australian-owned private company, has
exclusive distribution rights for Piranha Stream(TM), Piranha Byte(TM) and
Piranha Net(TM) in Australia and New Zealand. Collage also offers broad
consulting services for Website technology and strategy.
Piranha Stream, Piranha Net 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: Edward W. Sample of Piranha, 214-800-2835, e-mail,
edsample@piranhabyte.com; or Mike DiLorenzo or David McKee of Schwartz
Communications, 781-684-0770, e-mail, piranha@schwartz-pr.com
SOURCE Piranha, Inc.
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Related links:
http://www.piranha.com
CONTACT:
Edward W. Sample of Piranha, 214-800-2835,
e-mail, edsample@piranhabyte.com; or Mike DiLorenzo or David
McKee of Schwartz Communications, 781-684-0770, or e-mail,
piranha@schwartz-pr.com
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