Advanced Media, Inc. (AMI) Announces Execution Of A Letter Of Intent For Long-Term Lease Agreement With The ERE Yarmouth Retail Group.BOHEMIA, N.Y.--(BUSINESS WIRE)--June 3, 1998--Advanced Media, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ADVM ADVM Acoustic Doppler Velocity Meter ADVM Associazione Difendere la Vita con Maria ADVM Assembler Driven Verification Methodology ) announced today the execution of a Letter of Intent for the placement and installation of an interactive multi-media advertising and service network in the Tallahassee Mall. This system allows mall visitors to actively find merchant locations and sales events, as well as give customers access to merchandise through product searches. It also dispenses theater tickets, mall activity tickets, discount coupons and gift certificates. Hans J. Kaemmlein, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Advanced Media, Inc., Stated "With its advertising capabilities for mall merchants as well as regional and national clients, this network creates new revenue sources for mall developers as well as giving shoppers all the information delivery and entertainment opportunities they could ever want. Retailers will also benefit from our system through its extended marketing and operating services." Execution of the Lease Agreement is expectedwithin the next 30days with installation targeted for early the third quarter of 1998. Revenues from this installation will be shared between Advanced Media Inc. and ERE Yarmouth. ERE Yarmouth ranks as the leading manager in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. of tax exempt assets invested in real estate. This specialized Retail Group oversees the firm's shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into portfolios, provides direct property management services to over 40 shopping centers, and provides asset management services to more than 100 retail properties. Advanced Media, Inc. creates and produces a broad range of Interactive Multimedia and Internet products for business, including touchscreen kiosk systems, database management technologies, web sites and various Internet systems. AMI is also a systems integration and solutions provider for interactive multimedia and related communication system applications. AMI has provided solutions for a wide variety of customers including the Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Company, General Nutrition Corporation (GNC GNC General Nutrition Centers GNC Gas Natural Comprimido (Argentina) GNC Guidance, Navigation, and Control GNC Grand National Championship (ATV racing) GNC Global Navigation Chart ), Columbia Pictures, Twentieth Century Fox, Hallmark Entertainment, Lexus Motor Cars and many others.
CONTACT: Advanced Media Inc. (AMI), Bohemia
Hans J. Kaemmlein, CEO
Phone: 516/244-1616
Fax: 516/244-1415
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