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Pink Sheets Penny Stock News – March 8 – CSVI, SYAI, IMDC, BLLN

8 March 2011 No Comment

Stockpick.pro brings you all the stock news:  Computer Services Inc. (OTCQX: CSVI), Systems America, Inc. (Pink Sheets: SYAI), IN Media Corp (Pink Sheets: IMDC), Brilliant Technologies Corporation (Pink Sheets: BLLN)

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Computer Services Inc. (OTCQX: CSVI)

PADUCAH, Ky., March 8, 2011 — Computer Services Inc. (CSI) (OTCQX: CSVI) announced that its Board of Directors declared a quarterly cash dividend of $0.11 per share.  The dividend is payable on March 31, 2011, to shareholders of record as of the close of business on March 16, 2011.  The dividend amount represents an indicated annual dividend rate of $0.44 per share.

“This dividend represents a 15.8% increase in the cash dividend compared with the same quarter last year adjusted for the two-for-one stock split paid in April 2010,” stated Steven A. Powless, President and CEO of CSI. “Our Board of Directors remains focused on building long-term shareholder value through our cash dividend program and the increase highlights our strong financial condition, record results and excellent cash flow from operations.”

About Computer Services, Inc.

Computer Services, Inc. (CSI) delivers core banking, payments processing, Internet, card services, risk assessment, fraud prevention, network management, regulatory compliance and document delivery solutions to financial institutions and corporate entities across the nation.  Technology planning, personal account management and world-class customer service explain why CSI is known as one of the nation’s premier providers of technology solutions for the financial services industry.  CSI’s stock is traded on the OTCQX under the symbol CSVI.  For more information about CSI, visit www.csiweb.com.

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Systems America, Inc. (Pink Sheets: SYAI)

SAN RAMON, Calif., March 8, 2011 — Systems America, Inc. (Pink Sheets: SYAI), a premier provider of cloud computing and information technology solutions, announced today that it has completed a successful assessment for SAP® Warehouse Management (WM) at a large medical device manufacturer in Silicon valley, California. Systems America expects to generate $1 million in revenues from this client during fiscal year 2011.

This one of the largest medical devices manufacturers decided it needed to turn to specialists for assistance with the implementation. After having worked with Systems America during the past years, The device manufacturer knew Systems America’s knowledge and experience was exactly what it was looking for.

Adesh Tyagi, Chairman & CEO of Systems America, commented, “The implementation at this large medical devices company is another excellent example of Systems America’s ability to work with its customers to deliver the appropriate solutions. We provide the specific skills in warehouse management needed to ensure the SAP Warehouse Management applications are fully-optimized to customer requirements.”

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IN Media Corp (Pink Sheets: IMDC)

LOS ALTOS, Calif., March 8, 2011 — IN Media Corp (Pink Sheets: IMDC) today announced the latest release of its IPTV Set Top Box running Google’s Android platform version 2.2.

IN Media’s IP Set Top Box is now integrated with Google’s Android 2.2 operating system providing consumers the ability to download the latest and most advanced games, on demand content, creating widgets, and applications from the web. Customers will experience seamless integration with their Android based mobile phones, Tablet PC’s running Android and all Android enabled devices within IN Media’s Set top Box.

“This truly is a complete browser based system, not just a simple interface layered over a traditional broadcast television based menu,” stated Dr. Nick Karnik, C.E.O. of IN Media Corp. “Now the access to content is limitless, seamless, comfortable and familiar. This transitions the Set Top Box into a smart computing device performing multiple tasks such as communication, content display, interactive games and business applications including emails, documents and spreadsheets,” added Dr. Karnik.

Customers can now share, view, play and interact with content driven from their hand held devices to their High Definition large screen televisions. “My Time is the new Prime Time,” Dr. Karnik added.

In addition to the consumer side the boxes are also fully enabled to integrate digital signage and kiosks where public displays can be driven and adjusted on the fly through the browser.

“In today’s world of convergence, having a seamless experience on multiple devices using a standard platform to deliver new cloud computing technology takes users to an era of on demand content and Communication,” Karnik stated.

IN Media is a leading developer of Internet Protocol Television (IPTV) appliances and interfaces with implementations of the technology in key provinces of China and planned roll outs in India and the United States.

Dr. Karnik is a technology entrepreneur with strong technical and marketing background in media and technology businesses. His vision for IPTV induced him to design new hardware and software platforms for cost effective delivery of content. Dr. Karnik has over 20 years of experience in information technology and media companies.

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Brilliant Technologies Corporation (Pink Sheets: BLLN)

TORONTO, March 8, 2011 — QTRAX (A Division of Brilliant Technologies Corporation) (Pink Sheets: BLLN) announced today that it had launched its revolutionary free and legal music service in Canada.

Shamin Abas, EVP of Communications, commented: “I’ve worked alongside the Principals for several years now. Theirs is quite a story. They have passionately pursued QTRAX both as the ultimate consumer proposition and a very compelling business model”.

“The difficulties of licensing and funding have ended so many digital music initiatives. But Allan and Lance were not going to be deterred. Their unshakeable belief sustained them throughout. A conviction that it was possible to lucratively monetize free and legal music and simultaneously provide consumers with precisely what they were not only demanding but taking- free downloadable songs- up until now without proper compensation to artists and rights holders.”

Lance Ford, President & CMO observed: ” Creating a digital music service is not for the faint of heart. But Allan & I have always been in heated agreement as to the ultimate consumer proposition and the most robust business model. Recent improvements in technology have made it possible for us to deliver the product that satisfies both our consumer and commercial goals. As prominent illegal sites have recently been shuttered, there are tens of millions of former users looking for a home. We want to be the ultimate destination for music fans”

Allan Klepfisz, President & CEO commented: ” I am truly humbled by the size of the opportunity. We will continue to be single-minded in our focus to build the best global music service. We will incessantly improve our product, constantly add more global and local music and relentlessly pursue partnerships that enhance the consumer experience and create meaningful revenues. Notwithstanding the many years invested to date, our work has really just begun. But we are thrilled to have the opportunity to build the business.”

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