VANCOUVER, BC / ACCESSWIRE / June 17, 2014 / Gener8 Media Corp. (CSE: GNR) ("Gener8" or the "Company") is pleased to announce the signing of two new Cumul8 contracts. The first contract adds to Cumul8's growing client base in the entertainment sector, where the technology got its start. The second contract opens up a new sector in the manufacturing industry. This contract, with a California-based OEM parts manufacturer to the aerospace industry, represents Cumul8's first foray outside of media and entertainment.
This new manufacturing client marks a significant milestone in Cumul8's progress toward becoming a cross-industry player in the burgeoning data-analytics and visualization space.
"We bring something very different to the table," says Bill Harrison, Cumul8 Chief Business Officer, "Our extensive expertise with data visualization and user experience in the video game industry--where we made top selling games like FIFA for EA--gives us the unique ability to help companies make better decisions, predictions, and fundamentally take action with their data."
Cumul8 is a cloud-based enterprise and SaaS data management and analytics solution that gives companies real-time insights and control over their operations. The Cumul8 team applies its extensive video game industry background to help organizations humanize and simplify the way they deal with data. The solution empowers workers at all levels with a set of customized reporting tools and controls, providing the ability to see where any project is in real-time and make informed decisions. Visit the company website at www.cumul8.com.
Gener8 Media Corp. is a media technology company led by a team of gaming industry veterans. At the forefront of postproduction, the Company earned its stripes by developing a proprietary 3D conversion technology, garnering high-profile credits including "300: Rise of an Empire," "Godzilla," and "Maleficent." Gener8 has since expanded into offering visual effects services and a cloud-based data management and analytics solution called Cumul8. With its focus on developing disruptive solutions that combine design and technology, Gener8 funded and then acquired a majority interest in Reelhouse Media Ltd., an online entertainment distribution start-up. Gener8's head office is located in Vancouver, British Columbia and currently has over 200 employees. Visit the company website at www.gener8.com.
ON BEHALF OF THE BOARD OF THE COMPANY
Chief Executive Officer and Director
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Forward Looking Statements
Except for statements of historical fact, this news release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" occur. In particular, forward-looking statements in this press release. Although Gener8 believes that the expectations reflected in the forward-looking statements are reasonable; there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including, without limitation, risks with respect to: ongoing Cumul8 business; general economic conditions in Canada and globally; film industry conditions; competition for, among other things, capital and skilled personnel; changes in economic and market conditions that could lead to reduced spending on 3D film conversion; potential delays or changes in plans with respect to deployment of services or capital expenditures; our ability to hire and retain qualified employees and key management personnel; possibility that government policies or laws may change; amount and timing of operating costs and capital expenditures; the success of certain business combinations engaged in by the Company or by its competitors; possible disruptive effects of organizational or personnel changes; technological change, new products and standards; risks related to acquisitions and international expansion; reliance on large customers; reliance on a limited number of suppliers; risks related to the Company's competition; the Company's failure to adequately protect its intellectual property; interruption or failure of information technology systems; the risk that the transaction may not be completed as planned, or at all; and business, legal and/or regulatory risks relating to Gener8's business, financings and strategic acquisitions. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
SOURCE: Gener8 Media Corp.