Scottsdale, Arizona (PRWEB) July 30, 2012
Beamz Interactive, Inc., an interactive music and gaming technology company, today announced that it had previously filed a Form 10 Registration Statement with the Securities & Exchange Commission (the “SEC”) to become a reporting company, and that the Form 10 registration statement recently became effective. The Company has also engaged Spartan Securities to be its initial market maker for the Company’s common stock. Once approved by FINRA and provided with a stock symbol, the Company plans to establish trading of its common stock on the OTCQB, the middle tier of the OTC market.
“We are very excited about our Company and its extensive base of interactive laser music and gaming controller technology and patents”, said Charlie Mollo, President & CEO of Beamz Interactive. “We believe registering as a reporting company with the SEC and publically trading our common stock is a major milestone that will facilitate our ability to grow and pursue a variety of multi-billion dollar music, gaming, therapy, education, and other consumer markets.”
As described in more detail in the Company’s Form 10 filing, Beamz’s believes it is now well positioned for the future with its experienced management and creative team, highly leverageable financial model, multiple significant market opportunities, strategic relationships, leading edge proven products and technology, strong patent & intellectual property protection, and public company status. While near term sales are not expected to be significant as it will take some time to implement the Company’s strategy, the Company expects significant growth over the next several years as it develops this major new market category.
Beamz was founded by Arizona hall of fame musician, Jerry Riopelle, with the vision of bringing the fun and joy of music to everyone. The technology was perfected in 2008- 2009, and a second-generation music product was commercialized in late 2010. This new product was formally launched at both the Consumer Electronics Show (CES) and the NAMM Music Industry Show in January 2011, where it received an overwhelming positive response – including being chosen as one of top five coolest products at CES by Billboard.com. Numerous additional products and partnerships are planned in a variety of markets based on the Beamz technology and strategic position.
Please see the investor section of the Beamz web site for additional investor information: http://www.thebeamz.com/company/investor-information.
Based in Scottsdale, AZ, Beamz Interactive, Inc. (http://www.thebeamz.com) has created a new interactive laser controller technology that can be used to develop new market opportunities in a wide variety of music, game, therapy and consumer applications. In its first application, the Company developed an innovative new music technology and product offering that brings music to literally everyone in a manner that has previously not been possible. Beamz allows people that have no musical background or training to play and enjoy music within minutes, yet it has the depth to enable accomplished DJs, artists and musicians to perform, compose and create very sophisticated interactive music. Beamz Interactive’s technology portfolio includes multiple patents, patents pending and trade secrets covering interactive music, software, laser-based controllers, gaming applications and related designs and devices.
Cautionary Note Regarding Forward-Looking Statements
This press release contains, and our officers and representatives may from time to time make, “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “ anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will,” and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding: expected operating results, such as revenue growth and earnings; anticipated levels of capital expenditures; strategy for customer retention, growth, product development, market position, financial results and reserves; and strategy for risk management.
Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others: Economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices and the value of financial assets; volatility in the capital or credit markets; technological developments or other changes that affect customer demand.
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