New name and VidWrx.com website improves product market alignment as
part of anticipated international expansion and launch of demand
generation and content marketing initiatives.
SoMedia
Networks (TSX-V:VID) (“SoMedia,” “the Company”), the pioneer of
scalable cloud-based video production solutions, is excited to announce
today that the Company’s shareholders and Board of Directors have
approved a name change of the Company to VidWrx Inc.
Founded in 2006, SoMedia’s primary focus to date has been the
development of scalable video production solutions for corporate
marketers and agencies in any volume, anywhere in North America. As
VidWrx, the Company will expand its sales and marketing efforts to
include content marketing and demand generation programs under the tag
line: "Video Production Simplified".
"We're extremely excited to announce our name change to VidWrx and
launch a new more direct and simplified website," said George Fleming,
CEO and Founder of VidWrx. "By aligning our name and messaging better
with the products and services we provide we're able to simplify our
market positioning and implement more effective marketing programs. Our
goal is to take advantage of being the largest on demand video
production company in the market and the only company with simple to
use, scalable video production solutions. This is a big step towards
that goal. We're now able to expand into content marketing and demand
generation programs and begin international rollout of our cloud based
services and platforms."
VidWrx will continue to operate in its current structure and there has
been no change in operations, management, staff, and its downtown
Vancouver location.
For more information, visit our new website at VidWrx.com.
About VidWrx
Founded in 2006 as SoMedia Networks, VidWrx is an industry pioneer,
providing scalable video production services to marketers and digital
agencies in any volume, anywhere in North America. Combined with its
online platform and proven processes, VidWrx’ expert production teams
ensure exceptional customer service and affordable, high quality videos.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this
release.
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