TMM, INC. RAISES $500,000.00

Rhea-AI Summary

TMM Inc (OTC: TMMI) has secured $500,000 in funding through low-interest loans from its principal shareholders, as announced on March 17, 2025. The capital injection is intended to support the company's exploration of new venture opportunities.

Chief Financial Officer Mike Kozole stated that this funding was obtained on favorable terms and provides confidence as the company seeks to identify new opportunities for future growth. The company's technology portfolio includes the TRUDEF Video Player, patented TRUSCALE hardware accelerated up-scaler, and legacy technologies including the TRUDEF™ Fractal Video codec and TRUDEF™ Player for cinema quality.

Positive

• Secured $500,000 in new funding
• Favorable loan terms with low interest rates
• Funding from existing principal shareholders shows internal confidence

Negative

• Reliance on shareholder loans for funding rather than operational revenue
• Unclear specific use of funds beyond general 'new ventures'
• Company appears to be seeking new direction, suggesting current business model may need revision

TMM, Inc. raises capital for new venture opportunities

LAS VEGAS, March 17, 2025 /PRNewswire/ -- Total Multimedia (TMM, Inc. or TMM) (OTC: TMMI) today announced that their principal shareholders have injected $500,000.00 to support the Company's pursuit of new ventures. 

Chief Financial Officer, Mike Kozole made today's announcement stating, "TMM has raised $500,000.00 on very favorable terms with low interest loans from principal shareholders. This positive event provides confidence as the Company focuses its efforts on identifying new opportunities to enable TMM to shape a progressive future direction."

TMMI TECHNOLOGY

TRUDEF Video Player, patented TRUSCALE TM hardware accelerated up-scaler.

Legacy technology: TRUDEF™ Fractal Video codec and TRUDEF™ Player developed for cinema quality.

About TMM, Inc.

A high-quality video technology company specializing in digital video compression, video scaling and high-quality image management. Founded in 1990, the company was the pioneer in fractal video. Visit: http://www.tmmi.us

Safe Harbor Statement:
This may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Exchange Act of 1934, including statements about plans, strategies, business prospects, and technology development. These statements involve risks and uncertainties that could cause actual results to differ materially from projected. Neither management nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. All statements in this PR are made as of the date hereof, based on information available as of the date hereof, and subsequent facts or circumstances may contradict, obviate, undermine, or otherwise fail to support or substantiate such statements.

View original content:https://www.prnewswire.com/news-releases/tmm-inc-raises-500-000-00--302402602.html

SOURCE Total Multimedia, Inc.

FAQ

How much funding did TMM Inc (TMMI) raise in March 2025?

TMM Inc raised $500,000 through low-interest loans from principal shareholders in March 2025.

What is the purpose of TMM Inc's $500,000 capital raise?

The funding is intended to support TMM's pursuit of new venture opportunities and shape its future direction.

What are the terms of TMM Inc's March 2025 funding?

The funding was provided as low-interest loans from principal shareholders on what the company describes as 'very favorable terms.'

What key technologies does TMM Inc (TMMI) currently own?

TMM owns TRUDEF Video Player, TRUSCALE hardware accelerated up-scaler, TRUDEF Fractal Video codec, and TRUDEF Player for cinema quality.