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IN Media Enters Into Merger Agreement with Tres Estrellas

Nov 07, 2009 (Close-Up Media via COMTEX) --

Company: Tres Estrellas Enterprises Inc (TLLA)

Tres Estrellas Enterprises, Inc. announced that it has entered into a definitive merger agreement with IN Media Corp of Los Altos, California.

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

"We are eager to join in partnership with IN Media," said Tres Estrellas President Jose Chavez. "This allows Tres Estrellas and its investors to be part of the world of Internet Television." Dr. Nick Karnik, CEO of IN Media, has been a Director of Tres Estrellas since April of 2009 and will become CEO and Chairman of the new combined company.

The closing of the definitive merger agreement with IN Media Corp is subject to completing of all the terms and conditions as disclosed in the company's November 2 filing.

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Company: Tres Estrellas Enterprises Inc (TLLA)


Related terms: california, ceo, china, india, internet, media, merger, partnership, president, television

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