We look forward to a long, reciprocally advantageous relationship with Avnet.
Phoenix, AZ (PRWEB) January 25, 2006 –
Modavox, Inc. (OTCBB:MDVX) announces the relocation of its corporate headquarters to the Avnet Corporate Broadcast Center (CBC), a premier internet broadcast and video production facility at 2617 S. 46th St., Phoenix, Arizona, minutes away from Arizona State University and Sky Harbor Airport.
“Our move to the Avnet CBC not only affords us direct access to the best production studio in the Southwest, where we are surrounded by some of the most prestigious and award-winning multimedia companies, but also results in a cost avoidance estimated to run approximately $600,000 over the next 16 months through reduced rent and elimination of associated general, administrative and labor costs,” Modavox CEO David Ide states. “We look forward to a long, reciprocally advantageous relationship with Avnet.”
The CBC is a division of Avnet, Inc. (NYSE:AVT), a $13 billion Fortune 500 company that markets, adds value to and distributes electronic components and computer products. Avnet is the largest publicly held company headquartered in Phoenix.
Modavox is the leading producer and distributor of online, talk radio content, streaming approximately 250 hours of live programs and scheduled replays weekly on its Modavox VoiceAmerica™ Network (http://www.voiceamerica.com).
Modavox is an industry leader in networked audio and video solutions for Live and On-Demand Internet Broadcasting and Syndication; Content Management and Delivery; Through its proprietary Modavox Central™, StreamSafe™, WebcastWizard™, Stream Syndicate™ and AudioEye™ products, Modavox delivers content straight to computer desktops and portable devices; offers managed access to secure internet streaming media; facilitates enterprise collaboration for online meeting, event management, enterprise communications and distance learning; and offers digital rights management to syndicate content to internet-enabled devices.
This release contains “forward-looking statements” for purposes of the Securities and Exchange Commission’s “safe harbor” provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause Modavox’s actual results to differ materially from those currently anticipated, including the risk factors identified in Modavox’s filings with the Securities and Exchange Commission.
Visit our website at http://www.modavox.com
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