All Line Inc. Asian has Acquired Interest in Vietnamese Media Group, Inc. - Vietnam Home Shopping Network, Inc. - Chinese Media Group Corporation Creating $550 Million in New Business.NEW YORK CITY New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , N.Y. -- All Line, Inc., (Pink Sheets:ALIN ALIN Aided Laser Inertial Navigator ), a company engaged in telecommunications, multimedia, IT development and environmentally friendly energy and resources today updates shareholders and the investment community on the Company's new multimedia initiative that targets select Asian markets with $550 million business opportunities. The Company has recently signed definitive agreements to acquire a ten percent ownership in Vietnamese Media Group, Inc., twenty percent in Vietnam Home Shopping Network “HSN” redirects here. For other uses, see HSN (disambiguation). The Home Shopping Network (HSN) is a mostly 24-hour shopping network that is seen on cable, satellite, and some terrestrial channels in the United States. , Inc., and ten percent in Chinese Media Group Corporation. The combined enterprise value of these select Asian multimedia companies is estimated to be in excess of $550 million in the next three to five years. The Company also has an option to take a controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in all of these companies in the future on terms and conditions mutually acceptable to the parties involved. According to these definitive agreements, All Line will pay for these acquisitions with a combination of cash and restricted stock in the Company. These acquisitions are part of All Line's new initiative to own interests in select Asian multi-media businesses that have potential for sustainable growth with a goal to eventually consolidate highly successful ones under a new All Line's Asian multimedia division in the future. Won Jai Chang, President of All Line, reiterated: " We are very excited about the new relationships with these select Asian multimedia enterprises and believe these acquisitions will help leapfrog All Line's participation in these high-growth market segments which will increase the market value of our company in the near future." About All Line All Line, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Pink Sheets: ALIN) is a Nevada corporation engaged in telecommunication, multimedia, IT development, and environmentally friendly energy and resources. The Company has established strong business ties in these areas with Korea and other Asian countries. For more information, visit the Company's web site www.allline.com. About Chinese Media Group Chinese Media Group Corporation (CMGC) was established by a group of seasoned media veterans and is a majority owned subsidiary of East Media Holdings Inc. (EMHI EMHI Early Mental Health Initiative (California) ) (www.emhi.net). CMGC aims to own and operate Chinese multimedia, including print, online, on air and convergence, across the Americas and Asia-Pacific. Web site: www.cmgc.tv About Vietnam Media Group Vietnam Media Group, originally formed in February 2004 to engage in telecommunication services and VOIP (Voice Over IP) A digital telephone service that uses the public Internet as well as private backbones instead of the traditional telephone network. Many companies, including Vonage, 8x8 and AT&T (CallVantage), typically offer calling within the country for a , is established by a group of seasoned technology, media and telecom professionals to lead Vietnamese media opportunities outside Vietnam, encompassing various forms of media, from on air, to online to in print. VMG VMG Vineyard Music Group VMG Voice Message VMG Video Map Generator (AN/GPA-134) VMG Vertical Magnetic Gradient (geophysical surveying) VMG Visión Mundial de Guatemala will start off in North America then phase into opportunities in Europe, Asia and Australia. Web site: www.vmgc.tv. About Vietnam Home Shopping Network Vietnam Home Shopping Network is a majority-owned subsidiary majority-owned subsidiary A firm in which more than 50% of outstanding voting stock is owned by the parent company. of East Media Holdings, Inc. to be launching first integrated home shopping network in Vietnam, on platforms of cable/DTH/web, supported with www.vhsn.tv e-commerce operations and VHSN magazine to be distributed to pay TV households, currently at 1.2 million. The web TV enables overseas Vietnamese to view and purchase for delivery anywhere, including their loved ones in Vietnam. Web site: www.vhsn.tv. 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. : This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions 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. |
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