TMM, Inc. Update
WILMINGTON, DELAWARE -- November 22, 2011 - TMM, Inc. (PINK SHEETS:TMMI) ("TMMI" or "the Company") in the month since the shareholders' proxy vote, has been busy. As many of you may know, we have had our work cut out for us.
We appreciate your forbearance and confidence as we work our way through this process. Much of our effort has gone into getting our house in order as we uncover the sound foundation we need to make TMMI the viable entity we all believe it can be.
Many of you have been generous with your time, advising us about TMMI's history, including certain administrative and technological issues. We appreciate this support and expect that we will all benefit from it.
Our counsel has been diligent in discovering and retrieving necessary documents as well as pursuing legal remedies. To date, these efforts continue to be promising and in some cases, clearly rewarding.
With shareholder guidance, we have taken practical steps to make TMMI a functional organization and are developing the operating plan we will follow to unlock the inherent value of the technology and the company.
We are sticking to our core business of developing our TRUDEF High Definition Fractal Video codec. The promise of the VDK 2.0 fractal technology as a practical video compression solution is what attracted us all to TMMI. Our enthusiasm for the fractal code's potential increases daily.
As with any good business, we take the long-term view to build a back-to-our-roots strategy of relevant innovation. We believe in this remarkable technology and so far, we are confident we are on the right track.
Thank you for your continued support.
Safe Harbor Statement
The information in this release contains forward-looking statements which involve risks and uncertainties, including statements regarding the Company's capital needs, business strategy and expectations. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements, which may be identified by terminology such as "may," "should," "will," "expect," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential," "forecast," "project," or "continue," the negative of such terms or other comparable terminology. Readers should not rely on forward-looking statements as predictions of future events or results. Any or all of the Company's forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions, risks and uncertainties and other factors which could cause actual events or results to be materially different from those expressed or implied in the forward-looking statements. Factors may cause the Company's actual results to differ materially from any forward-looking statement. In addition, new factors emerge from time to time and it is not possible for the Company to predict all factors that may cause actual results to differ materially from those contained in any forward- looking statements. The Company disclaims any obligation to publicly update any forward-looking statements to reflect events or circumstances after the date of this document, except as required by applicable law.
118 School Road
Wilmington, DE 19803
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