A.G. Media Signs Letter of Intent to Acquire GospelZone.com.MONTREAL -- A.G. Media Group, Inc. (NQB NQB National Quotation Bureau, Inc (now Pink Sheets) Pink Sheets: AMGJ.PK) today announced it has signed a letter of intent to acquire the assets of GospelZone.com. The purchase price was not disclosed and the deal is expected to close on October 15, 2004. GospelZone will be moved to Montreal, head office of A.G. Media, where its staff will assume control of the operations. A.G. Media intends to integrate some of GospelZone.com's content into its GospelCity.com web property. The deal is expected to include GospelZone.com's targeted e-mail database of 30,000 opt-in Christian consumers, its e-mail marketing Email marketing is a form of direct marketing which uses electronic mail as a means of communicating commercial or fundraising messages to an audience. In its broadest sense, every email sent to a potential or current customer could be considered email marketing. newsletter "The GZ Underground" and all associated trade and brand marks. Curtis Jermany, the founder of GospelZone stated, "I am proud to have built up the GospelZone web property to its current state and feel that A.G. Media's executive team is in an ideal position to further enhance its value using their resources and wide ranging contacts within the gospel industry." About The GospelZone.com GospelZone.com (http://www.gospelzone.com) in operation since 2001, provides a resource for the Gospel music and entertainment industry to present information and foster community development. The GospelZone.com web site has realized traffic of up to 125,000 unique monthly visitors and won the 2002 GTM See Good-this-Month order. Award for Best Gospel Destination Site. About A.G. Media Group, Inc. A.G. Media Group (http://www.agmediagrp.com) was established to become a leading Christian media company comprising Christian-based internet, print, radio and television related content properties and technology development services. A.G. Media is also focused on the development of valuable, high demand content for distribution through multiple media outlets and through its continually growing audience base. About GospelCity GospelCity, part of A.G. Media's Internet and New Media Division, utilizes new media technologies and services to provide access and exposure to Christian music Christian music is music that is written to express either personal or a communal belief regarding the Christian life, as well as (in terms of contemporary music) to give a Christian alternative to main stream secular music. and entertainment. GospelCity.com (http://www.gospelcity.com) is recognized as the leading web destination for Urban/Gospel Christian music fans and consumers who desire to access Christian music, artist information, inspirational in·spi·ra·tion·al adj. 1. Of or relating to inspiration. 2. Providing or intended to convey inspiration. 3. Resulting from inspiration. content, community exchange and spiritual programming online. GospelCity.com offers an easy and enjoyable means to connect consumers with the Christian music industry The Christian music industry is a small part of the larger music industry, that focuses on traditional gospel music, southern gospel music, and Contemporary Christian music. and with other Christian music fans and consumers. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement All statements other than statements of historical fact included in this press release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the private securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The forward-looking statements, including statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements (i.e., future operational results and sales) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risk and other influences, which are outside the company's control, and may yield results differing materially from those anticipated. |
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