LONDON, Aug. 20 /PRNewswire-FirstCall/ -- Veridigm, Inc. (Pink Sheets: VRGD) (VRGD.F - Frankfurt, VRGDSG - Stuttgart, VRGD.DE - XETRA Level1) an Anglo American public investment company today announced the closing of a definitive acquisition agreement between Veridigm Inc. and MediaPal Inc. The terms of the acquisition are undisclosed.

Gary Freeman, President commented, "This acquisition secures our foundation to disrupt and consolidate targeted media distribution with a competitive superior technology and a highly economical digital media business application. Mediapal Inc. is the exclusive global license holder of a proprietary digital content e-commerce platform, including management, delivery, fulfillment, reporting, and tracking functions as further described in much greater detail below,"

Bryan Lenett, CEO of MediaPal, commented, "This acquisition and the addition of Veridigm management to our business supports our long-term strategic plans to extend our scale and reach into new media business, application areas and markets."

MediaPal is the direct-to-consumer solution for the entertainment and media industries. MediaPal is the best-in-class of content management, online sales, product publishing, and promotion solutions for the entertainment industry. MediaPal's proven content management platform, retailer portals, affiliate system, "Portable" publishing system, and direct-to-consumer infrastructure provides content owners and business to business partners a turn-key solution to sell and manage digital, mobile, ticketing, and physical products. The direct-to-consumer infrastructure enables content owners and business to business partners to enter the Internet media markets with zero barriers to entry. MediaPal's content management and publishing system manages every aspect of an online transaction, from the presentation of a portal or commerce "buy button" to a consumer purchase transaction, product fulfillment management, and customer service.

MediaPal Inc. operates the proprietary digital and mobile Content Management System ("CMS Platform") that enables the distribution of any type of paid and/or promotional media from any Internet property, portal, or service. The CMS Platform allows for the sale or distribution of digital media products via the Internet to be completely portable and flexible, while maintaining the Owner's or Distributor's branding and distribution controls.

The CMS Platform combines robust content management services, digital rights management, portable content distribution services, promotional capabilities, and global micro-payment processing into an easy to use and deploy system focusing on the fulfillment of any form of digital media or product. MediaPal provides Owners and Distributors from major record labels, major media distributers, major search engines, independent producers and all other Internet users with all of the resources and infrastructure required to distribute and manage digital, mobile, and physical content directly from any Internet property or service. The CMS Platform places its clients in total control of their content distribution and media management while seamlessly working "behind the scenes" to make consumers feel they are making their purchase and/or receiving product directly from the Owner or Brand Distributors.

    MediaPal competes across five markets:

    -- Enterprise
    Powering music, sports, and entertainment companies' direct-to-consumer
    Internet infrastructure and strategies. The Platform currently powers
    digital, mobile, physical, ticketing, and package product bundles.

    -- Affiliate Platform and Modules
    MediaPal operates a sophisticated affiliate management system. Record
    labels, entertainment companies, and content owners can easily create and
    populate unlimited affiliate websites to other Internet properties such as
    partners and high traffic portals.

    -- Independent / Consumer
    Enabling independent content owners to sell and promote content and
    products.
    Enabling Social Network apps for record labels and entertainment
    companies.
    Enabling Social Network apps to enable independent content owners to sell
    and promote content and products.

    -- B2B
    MediaPal platform is built on .NET Web Services. We have developed web
    services to power high traffic portals and B2B and B2C services such as
    search engines to promote and sell digital, mobile, and physical products
    transparently to their consumers.

    -- Promotion
    MediaPal has many promotion components and services within. From
    download/promotion cards to promotional materials with Pin IDS for
    customer rewards, we have implemented dozens of proven models.


    For more information please go to MediaPal.com

About Veridigm Inc.

Veridigm, an Anglo American investment company that provides merchant banking services to niche private and specific microcap public companies seeking debt and equity capital and/or to be part of a diversified, equitable, resource sharing, business combination. Specifically, the Company identifies specific private and public companies and assists them with managerial, accounting and financial advice and assists in refinance and/or raise adequate capital by introducing potential investors and lenders. The Company's policy is to calculate its voting capacity on a fully diluted basis. The Company at all times will conduct its activities in such a way that it will not be deemed an "investment company" subject to regulation under the 1940 Act.

About MediaPal Inc.

MediaPal Inc., through an exclusive global license; operates a digital and mobile Content Management System ("CMS Platform") that enables the distribution of any type of paid and/or promotional media from any Internet property, portal, or service. The CMS Platform allows for the sale or distribution of digital media products via the Internet to be completely portable and flexible, while maintaining the Owner's or Distributor's branding and distribution controls. The CMS Platform combines robust content management services, digital rights management, portable content distribution services, promotional capabilities, and global micro-payment processing into an easy to use and deploy system focusing on the fulfillment of any form of digital media or product. MediaPal provides Owners and Distributors from major record labels, major media distributers, major search engines, independent producers and all other Internet users, with all of the resources and infrastructure required to distribute and manage digital, mobile, and physical content directly from any Internet property or service. The CMS Platform places its clients in total control of their content distribution and media management while seamlessly working "behind the scenes" to make consumers feel they are making their purchase and /or receiving product directly from the Owner or Brand Distributors.

Forward-Looking Statement: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words 'anticipate,' 'believe,' 'estimate,' 'may,' 'intend,' 'expect' and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance.

SOURCE Veridigm, Inc.