Church & Crawford Defines Second Life(R) Development Opportunities
Tuesday, May 22nd, 2007WEST PALM BEACH, FL, May 22, 2007 (MARKET WIRE via COMTEX) — Church & Crawford (PINKSHEETS: CCWD), operating through its wholly owned subsidiary Mannea LLC, an online media and advertising company that integrates real life products and services with the particular culture and community of Internet-based virtual worlds, defined today its comprehensive operations strategy for recent and impending developments at the Company.
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Church & Crawford President Jeff Reidy said, “As we begin to implement the initial phases of operations, developments at Mannea and Church & Crawford have been rapid, but we recognize that we operate in a new frontier and our offerings may not be easily accessible. As we continue to grow our core business, management is committed to maintaining clear and consistent communications channels with investors as well as our target audience.”
Church & Crawford’s wholly owned subsidiary Mannea LLC operates inside virtual world communities, including the popular, growing Second Life(R) community, which now boasts more than six million community members and operates its own monetary exchange. As long-time residents of Second Life and as active participants, Mannea seeks to capitalize on the power of virtual worlds. Mannea’s unique expertise within Second Life allows it to provide unique, integrated marketing and advertising experiences for ‘real life’ and online businesses and their target consumers.
Recognizing the growing opportunities created within Second Life, Mannea is also pursuing a number of proprietary technological offerings to substantially enhance the Second Life experience for community members and business partners, details of which will be forthcoming.
Mannea recently announced that it has signed a letter of intent to provide video/machinima services for Muse Isle, an established, popular Second Life(R)-based island designed to bring artists and audiences together in large numbers.
Additionally, the Company recently retained respected business expert Aaron Moss as its COO to lead the Company through the next stage of operations and organizational development. Moss has already begun to implement a comprehensive sales and marketing campaign that includes targeted online, print and email advertising to drive revenue growth in the immediate future, while structuring internal operations to benefit long-term directives.
About Second Life(R)
Second Life is a 3D online world with a rapidly growing population from more than 100 countries around the globe, in which the Residents themselves create and build the world which includes homes, vehicles, nightclubs, stores, landscapes, clothing, and games.
Note to editors: Second Life(R) and Linden Lab(R) are registered trademarks of Linden Research, Inc. No partnership between Church & Crawford and Linden Lab or Second Life is expressed or implied.
About Church & Crawford
Church & Crawford, Inc. (www.churchandcrawford.com) operates through its wholly owned subsidiary Mannea, LLC, an online media and advertising company that integrates real life products and services with the particular culture and community of Internet-based virtual worlds. Its primary target operating market is Second Life, an active, online virtual community and marketplace developed by Linden Labs, with more than 5.6 million active residents.
In conjunction with Mannea, Church & Crawford is implementing an aggressive roll-up strategy to pursue unique opportunities that include both Internet- and brick and mortar-based acquisition candidates with extraordinary potential for long-term growth under its public umbrella.
SAFE HARBOR ACT: This press release contains statements which may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors, currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.