According to the presentation, the company reckons the U.S. is now served by over 40,000 video rental kiosks with a saturation point of roughly 80,000 units. Additionally, it sees Canada as an “underserved kiosk market” and concludes that there is a “strong opportunity to rapidly grow to be the ‘redbox’ of Canada.”
The Spot The difference Executive Summary April 2011 can be downloaded from Public Media Works’ website.
For more information visit: www.spotrentals.com
Unedited press release follows:
Company Provides Initial Projections for the Growth of Its Spot. The DifferenceTM DVD Kiosk Business
SAUSALITO, CA–(Apr 28, 2011) – Public Media Works, Inc. (OTCBB: PUBM), operating under the consumer brand Spot. The Difference™, announced today that the company has offered an overview of its current and future business plans in a presentation to be shared with shareholders, potential investors and analysts regarding the company’s business strategy, its view of the market, and how it intends to participate and expand in the DVD kiosk space. The presentation contains information which has not been previously disclosed publicly regarding the company and the company’s business, including fiscal year 2012 (ending 2/28/12) pro-forma financial projections. This presentation is available for review as an exhibit to a Form 8-K filed today by the company with the SEC and is available at www.sec.gov. The presentation has also been posted to the company’s website at www.spotrentals.com.
Martin W. Greenwald, the company’s CEO, stated, “We have been working diligently to refine our strategies and tactics as we participate in the DVD kiosk marketplace. I felt it was important to clarify our action plan and the potential financial outcomes that would result from its execution. My goal is to outline the company’s game plan and illustrate the market potential for our DVD kiosks in this very competitive space.”
Greenwald further commented, “We continue to make great progress on the operation of our initial 25 kiosks in the Riverside, California market. With the introduction of our new kiosk design, which I believe to be far superior to anything in the market, we have been refining and enhancing the customer experience. We have listened to customer feedback to further optimize our branding and marketing focus. I am confident the rigorous and extensive testing of both the kiosk and its software during this initial phase has improved our ability to make future installations far easier.”
The company has also recently filed and mailed its definitive proxy statement for its upcoming annual meeting of shareholders. The agenda items include a request for shareholder approval for a formal name change of the company to “Spot Entertainment, Inc.,” and other changes to the corporate structure that are designed to facilitate the future success of the company.
About Public Media Works
Public Media Works, Inc. (OTCBB: PUBM) is in the process of rolling out a network of conveniently located self-service kiosks which vend Blu-ray Discs and DVDs for rental in retail locations under the trade name “Spot. The difference.™” More information is available at www.spotrentals.com, including a full listing of locations and registration for weekly customer e-mails.