CSMGI to Cancel Video Launch Party.ADDISON, Texas -- Consolidated Sports Media Group, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CSGU) today announced its cancellation of the launch party at Fuel in Daytona Beach, Fla., previously scheduled for Feb. 18 at 8 p.m. CSGU will announce a new launch location and date later in the first quarter of 2005. "We are very excited about the new product lines coming out that will be unveiled at the new launch party," said CSGU President Scott Schepper. About Consolidated Sports Media Group Inc. CSGU is a conglomerate of multimedia companies that develop, produce, and distribute entertainment media focused on film, television, music, and publishing interests. The company, based in Addison, Texas, develops training and instructional videos for a wide variety of sports and leisure. CSGU distributes DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. titles through its direct response television business strategies as part of the company's commitment to be a dominant force in the instructional sports marketplace, while also entering the multi-billion dollar home video/entertainment industry. "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: Certain statements in this release are "forward-looking" statement as defined in 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. Such statements are subject to numerous risks and uncertainties. Actual results may vary significantly from the results expressed or implied in such statements. Factors that could cause actual results to materially differ from forward-looking statements include, but are not limited to, the Company's ability to meet the terms and conditions required to obtain its project financing Project financing A form of asset-based financing in which a firm finances a discrete set of assets on a stand-alone basis. , risks and delays associated with product development, risk of market acceptance of new products, risk of technology or product obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. , competitive risks, reliance on development partners and the need for additional capital. |
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