LAS VEGAS, Nov. 9, 2015 /PRNewswire/ -- XLI Technologies, Inc. (OTC PINK: MYXY) (the "Company") is pleased to announce that Mr. James Schramm has been appointed as its new Chief Executive Officer.
Mr. Schramm has been involved in the entertainment industry since 1995 when he founded two companies: The Legal Helpline ("TLH"), a legal TV commercial service company, and Summit Entertainment Inc. ("SEI"), a production and commercial distribution company. TLH grew to become a household name, with a presence in every state as well as 31 foreign countries. SEI achieved rapid growth by expanding into special commercial production and distribution/exploitation for specific markets and using different marketing techniques to achieve increased awareness. Though he sold TLH and SEI in 2002, Mr. Schramm continued to be involved and assisted with maintaining their standing in the marketplace and gaining increased exposure.
In 2004, Mr. Schramm founded Romar Entertainment Inc. ("Romar") - a theatrical distribution and multimedia company. Within two years, Mr. Schramm released 20 feature films to the market place – turning Romar into a multimillion-dollar business. Romar has grown to be a very successful independent Theatrical Distribution and Multimedia Company with estimated significant assets. With a strategic partnership, Romar expanded their multimedia presence to over 200 media executives and offices located in 21 states and nine foreign countries.
In 2007, Mr. Schramm created 41 Inc. ("41"). 41 is a service company which distributes motion pictures in a client's name (service deals). 41 released independent to major studio feature films from one screen to 3,000 screens. This was a fantastic concept: delivering a theatrical release under the radar to the public, using only the client name as the distributor.
Since 2010, Mr. Schramm has been involved in the production of over 300 commercials and the theatrical release of more than 50 feature films.
Recently, Mr. Schramm acquired certain exclusive rights to a very unique product: Nanotechnology printed lights, otherwise known as LightSheets, which is now the marquee product sold and distributed by XLI.
"The recent acquisition of Bosch International, LLC, coupled with my experience and contacts in the entertainment sector, place XLI in the unique position of being able to capitalize on the anticipated huge demand for our flagship product, LightSheets. As the exclusive distributor of LightSheets to the entertainment and automotive industries in the United States, we believe that we are uniquely positioned for rapid growth," commented Mr. Schramm.
XLI will soon launch a redesigned website that will feature new sections, including information regarding the Company's business model, management team, distribution network, and strategic partners. In addition, shareholders and potential investors will be able to find relevant and useful information in the new "Investors" section of the website.
Notice Regarding Forward-Looking Statements
This press release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with intellectual property protection, marketing and sale, manufacturing and distribution and difficulties associated with obtaining financing on acceptable terms. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
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SOURCE XLI Technologies, Inc.