Statmon Technologies Corp. and Digital Nirvana Inc. Announce a Collaborative Project and Preferred Partnership Agreement

Wednesday Sep 23, 2009, 11:37 EDT

Statmon Technologies Corp., a broadcast, wireless network, and infrastructure technology management and solution provider, and Digital Nirvana, Inc. a provider of media industry solutions, today unveiled a collaborative project and preferred partnership agreement involving Statmon Technologies Corp.'s Axess® technology management platform and Digital Nirvana’s Monitor IQ® Broadcast Monitoring System.

The integration of these two world class platforms creates a uniquely insightful and intuitive management environment encompassing discrete device as well as third party systems management (both monitoring and control), digital transport stream monitoring and reporting, Nielsen® LPM® data monitoring and reporting, content monitoring and reporting, along with facilities management as a cohesive integrated view into the entire broadcast enterprise from ingest to transmission/distribution.

The integration of Axess® and MonitorIQ® allows the broadcaster, content provider, and content distributor to monitor all aspects of their product through the entire “workflow” process offering added efficiency, and greater ability to manage those processes associated with delivering a quality product to the household or distribution outlet.

Messrs. Geoffrey Talbot, the Chairman and CEO of Statmon Technologies, and Hiren Hindocha, CEO, Digital Nirvana, indicated that “the integration and enhanced capabilities of Axess® and MonitorIQ® give the broadcaster, content originator, and content distributor greatly improved centralized monitoring and control capabilities that enhance the timely isolation of problems, thus reducing operational expense and adding efficiency”.

The integrated solution provides unprecedented functionality by providing quick and accurate identification and mapping of exceptions and discrepancies in the broadcast signal to the actual video content by leveraging Axess'® ability to aggregate and present unlimited quantities of data from devices, remote sites, and third party systems into a customizable intuitive interface and Monitor IQ’s® ability to monitor, clip, repurpose and distribute content (both HD and SD) for either internal or external purposes.

Please visit us during HD World October 14 and 15, 2009 at the Javit’s Center in New York City to see firsthand the seamless integration of these world class management and monitoring platforms and realize the power of our preferred partnership.

About Statmon Technologies Corp.

Statmon Technologies Corp. is a wireless and fiber infrastructure network management solution provider. Axess, its proprietary software application, and its supporting integration products are deployed in telecommunications, media broadcast and navigation aid transmission networks to optimize operations and ensure that the entire network continues to function. The Statmon Platform is designed to self-heal, or preempt transmission failure by automating the integration of the different devices and disparate technologies in a network under a single umbrella control system and permit manual corrective action at the network operations center or from any connected computer, including a wireless device.

The Company is headquartered in Bannockburn, IL, a Chicago suburb, and its shares are traded in the OTC Bulletin Board under the symbol “STCA.OB.”

About Digital Nirvana Inc.

Since 1996, Digital Nirvana has been empowering customers with robust, state-of-the-art knowledge management technologies. With extensive media industry expertise, Digital Nirvana makes it possible for organizations to streamline operations and gain competitive advantage with innovative product and service offerings. The industry-leading MonitorIQ Broadcast Monitoring System from Digital Nirvana is a full-featured monitoring platform incorporating the most advanced capabilities available in an affordable, networked appliance. Digital Nirvana is headquartered in Newark, California and has operations in multiple locations globally.

Further information is available at www.digital-nirvana.com.

Ned Chini

Vice President, Business Development ™ Sales

510.226.9000 x 707

nedchini@digital-nirvana.com

This press release contains 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. These forward-looking statements are based largely on expectations or forecasts of future events, can be affected by inaccurate assumptions and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the Company’s control. Therefore, actual results could be differ materially from the forward-looking statements contained in this press release. A wide variety of factors could cause or contribute to such differences and could adversely impact revenues, margins, profitability, cash flows and capital needs. Such factors include, but are not limited to, its ability to increase revenues and achieve profits and positive cash flow in fiscal 2009; its ability to maintain or expand distribution within existing and new channels of trade for its products; its dependence on MediaFLO for a substantial portion of its revenues; its ability to complete the placement of its offering of Series A Secured Convertible Debentures; its need for additional capital and the uncertainty of obtaining it; the market acceptance for one or more of its new or existing products; whether it will be able to adapt its technology to new and different uses, including being able to introduce new products; competition from larger, more established companies with far greater economic and human resources; its ability to track and retain costumers and quality employees; the effect of changes economic conditions; and changes in government regulations, tax rates and similar matters; its ability to refinance or renegotiate promissory notes that have come due or are coming due; the wide fluctuations in its quarterly operating results; its failure to successfully implement new market verticals; and its ability to keep pace with rapidly changing technologies. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” “projects,” “should” or other expressions that are predictions of or indicate future events or trends to be uncertain and forward-looking. The Company does not undertake to publicly update or revise forward-looking statements, whether as result of new information, future events or otherwise. For a more detailed description of these and other cautionary factors that may affect the Company’s future results, please refer to its Report on Form 10-KSB for its fiscal year ended March 31, 2008 and its Form 10-Q for the three months ended June 30, 2008, filed with the Securities and Exchange Commission.

Archived Press Releases

Jul 22, 2009

Statmon Technologies Awarded State of Maryland Monitoring & Control Contract for Maryland Public Television & Statmon's Broadcast Business Rebounds Post HD TV Switchover in June, 2009

Feb 27, 2009

Statmon Technologies Provides December 31, 2008 3rd Quarter Earnings Guidance & Announces $1.25M Round of Secured Convertible Debentures including $500,000 from Existing Debenture Holders

Feb 10, 2009

Statmon Technologies Television Station 'HUB' & Remote Control Solution is Designed to Reduce Broadcasters Operating Costs by Millions of Dollars Per Annum