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Cogito Media Group, Inc. Also Announces a Major Distribution Deal With Apple iBookstore and De Marque Distribution Targeting More Than 30 Foreign Countries With a Potential Combined Market Size of Millions of Dollars in Sales(May 03, 2012)
DENVER, CO -- (Marketwire) -- 05/03/12 -- Cogito Media Group, Inc. (PINKSHEETS: KRMC) (formerly Kurrant Mobile Catering, Inc.) enjoys a decided presence for the Company's eBooks in the US, Canada, and France both in English and French, throughout hundreds of electronic publishing retail platforms. The Company is now pleased to announce the extension of its partnership with Apple and De Marque to all iBookstores across THE WORLD!
As stated by Pierre Turgeon, CEO of the Company, "This is an important step in Cogito's electronic publishing development as its eBooks now have access to well over 30 nations where Apple is well established! These countries include the United Kingdom, France, Portugal, Ireland, Spain, Germany, Australia and many others. With this opening of new markets, Cogito anticipates it will increase sales of its English and French catalogue worldwide. One just has to think of the Indian market, which numbers 60 million of primarily English speaking individuals."
This partnership also enables Cogito to approach new authors in foreign languages. With no cost of shipping for its electronic products, Cogito will thus be able to offer to foreign readers eBooks written in their own language.
According to Forrester Research, the eBook industry will nearly triple to almost $3 billion by 2015. Production costs are the same for one eBook as for one million; and sales are final and paid immediately on purchase, a fact that may have a significant positive impact on the cash flow of the Company.
Statements released by Cogito Media Group that are not purely historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions, and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental, and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q, and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.
Cogito Media Group
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