Beachport Entertainment Engages Blue Stone Capital Partners.LOS ANGELES--(BUSINESS WIRE)--April 22, 1997--Beachport Entertainment Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BPRT) announced today that it has entered into an engagement agreement with BlueStone bluestone, common name for the blue, crystalline heptahydrate of cupric sulfate called chalcanthite, a minor ore of copper. It also refers to a fine-grained, light to dark colored blue-gray sandstone. Capital Partners, L.P., based in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , to act as Beachport's exclusive financial advisor. Under the engagement, BlueStone will assist and advise the Company on various matters concerning corporate finance, mergers and acquisitions and capital formation. BlueStone Capital is a full service investment bank and brokerage firm that provides financial services to emerging growth and medium size companies worldwide. BlueStone Capital assists clients in maximizing their growth by providing sophisticated investment strategies that are designed to achieve clients' strategic, operating and financial goals. Commenting on the engagement, Sidney Shlenker, Beachport's Chairman stated, "We are extremely pleased to be working with BlueStone Capital and look forward to a long and mutually beneficial relationship. We are confident that their involvement will assist us in achieving greater shareholder value." Beachport Entertainment Corp. develops, produces and distributes a diversified array of live family entertainment, sporting events and television programming. The Company maintains agreements and ongoing relationships with Capital Cities/ABC, CBS (Cell Broadcast Service) See cell broadcast. , NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. , ESPN ESPN Entertainment and Sports Programming Network , Fox, Buena Vista Home Video, Viacom, A & E Network, Turner Sports, Sony, Sega, and Nintendo. CONTACT: Beachport Entertainment Corp. Sidney Shlenker, 310/278-5114 or Liviakis Financial Communications, Inc. John Liviakis, 916/448-6084 |
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