Americana Publishing Will Acquire Sunset Productions.Business Editors ALBEQUERQUE, N.M.--(BUSINESS WIRE)--April 5, 2002 Americana Americana, term used to describe material printed in or about the Americas, or written by Americans; usually restricted to the formative period in the history of the two continents. Publishing, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :APBH) announced today that the Company has reached an agreement for the acquisition of the assets of Sunset “Sundown” redirects here. For other uses, see Sundown (disambiguation). Sunset, also called sundown in some American English dialects, is the time at which the Sun disappears below the horizon in the west. Productions. Americana Publishing began selling Sunset products two weeks ago as part of a distribution awareness campaign. "Sales are exceeding our initial expectations," said George George, river, c.345 mi (560 km) long, rising in a lake on the Quebec-Labrador boundary, E Canada. It flows N through Indian Lake (125 sq mi/324 sq km) to Ungava Bay (an arm of Hudson Strait). Lovato, Chairman of Americana. "We wanted to see how well Sunset's products would sell through some of our distribution channels and we are very impressed im·press 1 tr.v. im·pressed, im·press·ing, im·press·es 1. To affect strongly, often favorably: . The products have generated more than $20,000 in sales over a two week period and we have yet to make our normal customer base aware of them." The assets of Sunset include over 350 audio book masters and inventory with a retail value of over $400,000. Lovato continued, "Sunset Productions was able to attain sales of almost $1,000,000 per year and year-on-year growth of 20%. We believe that our process of producing audio books will reduce the time and capital necessary for us to realize those numbers and well beyond." Americana Publishing will begin introducing the Sunset Productions audio books through the rest of its distribution channels over the coming weeks. Lovato commented, "As part of the agreement Americana will also be allowed to assume the customer base of Sunset Productions. We can then market our existing audio books to those customers. It's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have through acquisitions like this that great publishing companies are built." In exchange for the acquisition of Sunset's masters and inventory, Americana will issue 200,000 shares of restricted common stock. About Americana Publishing Americana Publishing is a publisher of popular novels, audio books, textbooks, music and art. The Company's novels and audio books are available through Amazon.com (Amazon.com, Seattle, WA, www.amazon.com) The largest online shopping site and one of the most widely known e-commerce sites on the Web. Founded by Jeff Bezos in 1995, it had 11 employees by year's end. Within four years, it had more than 1,600 employees and four million customers. , bn.com and in most major bookstores and local libraries. Americana is focused on reaching top-tier status by using the same methods that Time Warner, Double Day and other large publishers have used. Through acquisition of published works that are in need of better distribution channels and through acquisition of publishers who are able to attract strong talent, Americana has already demonstrated the ability to successfully market great authors to the public at large. Website: http://www.americanabooks.com |
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