LAKEWOOD, NJ, Apr 10, 2008 (MARKET WIRE via COMTEX) -- Silverado Financial, Inc. (PINKSHEETS: SLVO) is pleased to announce that its wholly owned subsidiary, Mediatechnics Systems Inc., has entered into a joint venture with digital media innovator, Get Digital Data, LLC to bring industrial quality CD and DVD encoding solutions to dealers and service providers worldwide.
Founded in 1988 by top industry professionals, Mediatechnics is a preeminent manufacturer of robotic CD and DVD Duplication Systems. Get Digital Data has harnessed the power of Mediatechnics loaders with Encode Center CD/DVD encoding software and GD3 metadata. "Encode Center converts our duplication systems into the ultimate media server loading solution," says Rick Wilson, CEO of Silverado and Mediatechnics. "This joint venture positions Mediatechnics at the forefront of an important new market for automated solutions for dealers who serve the rapidly growing demand for media servers."
The introduction of media servers that can store and play audio and video content in custom installed Home Theater and Automation systems has created an ever increasing demand for Ultra-High Quality Metadata. Either the end-users or the dealers who install these systems must convert large collections from discs to server compatible digital files. Encode Center powered Mediatechnics loaders can process hundreds of discs at once, allowing a cost effective means of loading servers for their clients.
"Encode Center powered Mediatechnics loading systems featuring immaculate GD3 Metadata provide what we believe to be the highest quality metadata available on the market today. We believe that this combination provides what end-users demand," stated Nick Carter, Get Digital's V.P. of Sales and Marketing.
Through the MTI/GD3 joint venture, Encode Center will now be bundled on all Mediatechnics branded loaders, and will be available as a free download for the thousands of existing Mediatechnics customers. Per CD/DVD lookup fees for GD3 metadata are shared, creating usage-based royalty revenue for Mediatechnics.
Encode Center powered Mediatechnics loaders are available now, starting at $3,999 at www.encodecentral.com -- the online outlet for GD3 powered services and systems and through Mediatechnics at www.mediatechnics.com .
To learn more, contact Nick Carter at nick@encodecentral.com.
About Silverado Financial, Inc. (PINKSHEETS: SLVO): Silverado is the parent company of Mediatechnics Systems, Inc., Media Master Corporation and Water Skeeter Sports Innovations. Mediatechnics is one of the largest manufacturers of media duplication equipment worldwide. Media Master is a one-stop media fulfillment company and Water Skeeter is a manufacturer of sporting goods and a distribution and logistics company specializing in outdoor oriented products distributed through some of the largest retailer's in the United States and Canada.
About Get Digital Data: Founded in 2004, Get Digital Data is a market leader in CD/DVD encoding software and metadata. Encode Center software is a comprehensive suite of tools for automated encoding and server loading. The GD3 database is the choice of server-loading professionals worldwide. With over 2 million CD and over 500,000 DVD titles, GD3 has unmatched accuracy, coverage, and high-resolution cover art demanded for high-end systems.
Notes about forward-looking statements
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Certain Statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as "estimates," "anticipates," "projects," "plans," "expects," "intends," "believes," "may," "should" and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date when they are made.
