Millenniata reports to investors in shareholder meeting

October 29, 2008

More than 50 shareholders gathered on Oct. 24, 2008 in Provo, Utah to receive news and information from Millenniata, Inc. in the company's first annual shareholder meeting.

The event, led by Millenniata President and CEO Henry O'Connell, provided investors with a financial report, technology and legal overview, product status report, marketing review, and an introduction to various members of the Millenniata team.

"Judging from investors' participation and questions during our two-hour shareholder meeting, we're backed by a committed, engaged and very supportive group of investors," O'Connell said. "The company has made great strides this year and we're looking forward to fulfilling orders for the new Millennial Disc^TM by the second quarter of 2009."

Millenniata is the result of patent-pending technology used to create the world's first long-term digital data storage disc. The technology was developed by Dr. Barry Lunt and Dr. Matthew Linford, two professors at Brigham Young University. The resulting disc - which looks and feels like the familiar CD-ROM, DVD or Blu-ray disc - is called the Millennial Disc^TM. It can safely house data for 1,000 years.

The Millennial Disc^TM is the world's first backwards compatible, virtually permanent archiving solution for the digital age.

Millenniata investors, nearly 300 in all, were invited to attend the shareholder meeting to meet the company's management and development teams. In addition to O'Connell's remarks, presentations were made by Douglas Hansen, PhD, executive vice president, chief technology officer, founder and director; Christopher Buntel, vice president, legal counsel; and Barry Oates, chief financial officer.

CFO Oates reported on the $4.9 million raised for Millenniata to-date, as well as the status of the 60 million shares of stock authorized by Millenniata's board, including options committed and outstanding.

The shareholders voted on two items of corporate business. The first, Steve Meadows was nominated to the board of directors; and the second, five million B-class shares were authorized at a value of five-to-one against A-class shares, for use as stock options for future employees.

Based in Springville, Utah Millenniata, Inc. employs 20 people and is managed by a board of directors that includes: Doug Hansen, Matt Linford, Barry Lunt, Steve Meadows and Chairman Henry O'Connell.

Associated Multimedia

Shareholder Meeting Oct. 24, 2008 | 233kb jpg

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Key Contacts

Dennis Decker
Millenniata, Inc.
Vice President Corporate Accounts
(801) 806-1939

Pete Codella, APR
Codella Marketing for Millenniata
Public Relations Counselor
(801) 294-7188

Important Links

People frequently ask how we know the Millennial Disc will last for a thousand years. Without delving into the scientific studies which prove our claim, below is an object lesson which sheds light on the longevity of data inscribed on metal.

In 1878 the United States Congress passed the Bland-Allison Act, requiring the Treasury Department to purchase large amounts of silver and strike it as coins. Intended for trade in the Orient, the Morgan Silver Dollar was minted during this time and continuously until 1904 when the supply of dollars in circulation was high and there was an absence of silver bullion.

Since then, millions of silver dollars have been melted by both the United States government and its citizens as silver prices escalated higher than the value of the dollar, making the coins a far more uncommon commodity.

When created, the impressions on the Morgan Silver Dollar of Lady Liberty and the bald eagle - symbols of our country - were pressed into silver, a relatively soft material. Today, that impression, or data if you will, is as clear as it was the day it was embossed.

Millenniata uses this same principle to inscribe data, or make an impression, on the surface of its Millennial Disc.