Chalk Signs Software Licensing Agreement for Ten Thousand Seats of Mobile chalkboard™ With Fortune 200 Defense Contractor
WASHINGTON, DC – September 24, 2008
– Chalk Media Corp. (CKM) today announced that a Fortune 200 defense
contractor has licensed 10,000 seats of Mobile chalkboard™ Version 5.1
to utilize Chalk's BlackBerry Productivity Library, a series of courses
designed to provide basic training to BlackBerry users.
The
Fortune 200 defense and aerospace systems supplier, specializes in
defense, homeland security, and other government markets throughout the
world.
This deal represents Chalk's single largest deployment of
Mobile chalkboard™ to date. It helps validate the assertion that large
enterprises see value in rolling-out Mobile chalkboard™ broadly across
their organizations. Furthermore there is potential for the account to
grow and the client's decision was based in part on an expectation to
realize significant help desk support cost savings from the licensing
of Chalk's BlackBerry Productivity Library.
'We are ecstatic to
have won this deal with this Fortune 200 company,' said Stewart
Walchli, President & CEO, Chalk. 'This deal illustrates the
tremendous market opportunity we have with professional services firms
and government contractors, two industry verticals that have a very
large number of BlackBerry devices deployed.'
'In an environment
where smartphone growth is exploding and where businesses are looking
to reduce costs, we are proving that our solution is uniquely
positioned to help our clients save money, and increase their return on
their existing investments in BlackBerry technologies,' added Mr.
Walchli.
About Chalk Media Corp.
Chalk's
mobile content deployment system, Mobile chalkboard™, allows multimedia
content to be created, securely pushed and tracked on BlackBerry®
smartphones. Our software and content help organizations communicate
with their employees, business partners and customers. Additional
information is available at www.chalk.com.
Forward Looking Statement
This
press release contains 'forward-looking statements' within the meaning
of applicable Canadian securities legislation. Generally,
forward-looking statements can be identified by the use of
forward-looking terminology such as 'plans', 'expects' or 'does not
expect', 'is expected', 'budget', 'scheduled', 'estimates',
'forecasts', 'intends', 'anticipates' or 'does not anticipate', or
'believes', or variations of such words and phrases or state that
certain actions, events or results 'may', 'could', 'would', 'might' or
'will be taken', 'occur' or 'be achieved'. Forward-looking statements
are subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance or
achievements of Chalk to be materially different from those expressed
or implied by such forward-looking statements, including but not
limited to: risks related to the speculative nature of the software
industry, which is affected by numerous factors beyond Chalk's control;
the existence of present and possible future government regulation; the
significant and increasing competition that exists in the software
industry; and risks associated with early stage companies such as
Chalk, including uncertainty of revenues, markets and profitability and
the need to raise additional funding.
Although Chalk has
attempted to identify important factors that could cause actual results
to differ materially from those contained in forward-looking
statements, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements. Chalk does not undertake to update any
forward-looking statements that are incorporated by reference herein,
except in accordance with applicable securities laws. Further
information on Chalk Media Corp. is available at www.sedar.com.
The
BlackBerry® and RIM families of related marks, images and symbols are
the exclusive properties and trademarks of Research In Motion Limited.
RIM assumes no liability and makes no representation, warranty or
guarantee in relation to third party products or services.
The TSX Venture Exchange has not reviewed the contents of this release and is not responsible for its accuracy.
For more information, please contact:
Chalk Media Corp.
Kris Sutherland
Executive Vice President
604.453.4424
kris@chalk.com
