Capital Development Group Announces Agreement with GSociety Inc.Business Editors HOLLYWOOD, Calif.--(BUSINESS WIRE)--May 15, 2002 Capital Development Group ("CPDG CPDG Color Programmable Display Generator (F-16) ") (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :BB CPDG) announced today the company has entered into a definitive share exchange agreement with GSociety, Inc., a Hollywood, California based media and entertainment Internet company serving the gay and lesbian consumer niche. Officers of CPDG cannot comment on the exact terms of the transaction until all of the conditions precedent for both companies to complete the business combination have been complied with. CPDG has, during the past twelve months, spun off to existing shareholders all subsidiaries in an effort to increase shareholder valuations. The company has been looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a viable business for the public entity to merge with; one that will provide shareholder's with the best opportunity in today's highly competitive and volatile securities markets. Management believes that the proposed business combination will add increased shareholder value. GSociety, Inc. is an innovative media and entertainment company and interactive community serving the estimated 15 to 23 million gay and lesbian consumers in the US with annual buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. of $340 billion. The Company has created the first true online and offline community specifically designed for the gay market with an estimated 3.2 million potential customers in 2002 anticipated to increase at a CAGR CAGR See: Compound Annual Growth Rate of 51% over the next several years. GSociety has developed a substantial suite of services and products under its corporate aegis, including: professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. , composed of data and market analysis for and about the gay community and market dynamics, original entertainment programming and production services, travel and destination media and publishing, and website development and hosting; events & promotions, through its DANCE1 Video Network, events representation and planning, and bar & club promotions; and advertising through a variety of online and offline media. GSociety has developed unique distribution channels for Fortune 500 companies and advertisers to effectively reach a gay audience that is potentially lucrative and cannot be ignored. The Company has developed a marketing network that includes: a substantial suite of Internet properties, with www.GayWired.com, www.LesbiaNation.com, www.QTMagazine.com, www.Dance1.net, and www.GHighway.com; offline publications including MiamiGo magazine and the GHighway Gay Pocket Guides; promotions that have included such premier gay community events as Showtime's Queer as Folk Queer as Folk may refer to:
Shanti (from Sanskrit शािन्त śāntiḥ) can mean:
The park, which opened on June 1, 1989, is home to the world's largest outdoor wave pool. Party at Gay Days Orlando; and the DANCE1 Video Network of video programming and CD's distributed to 600 venues with 2.2 million monthly viewers. The Company has already attracted a broad range of advertising and marketing partners including American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. , AT&T, Microsoft, Sony Music, and Vivendi Universal. Complimenting this ubiquitous marketing network, the Company has also undertaken the first gay and lesbian market research initiative of its kind through strategic alliance with OpusComm Group and The SI Newhouse School of Communications at Syracuse University, to provide corporate marketers with information on buying habits, market segments, and research data of the gay community. For more information contact 323-512-2920 or log on to http://www.gsociety.com 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 Under the Private Securities Act of 1995: Statements in this press release that are not historical facts, including statements about plans and expectations regarding businesses and opportunities, demand and acceptance of new and existing businesses, capital resources, and future financial condition and results are forward looking. Forward looking statements involve risk and uncertainties including changing consumer preferences, lack of success of new businesses, loss of customers, competition, and other factors discussed from time to time in filings with the Securities and Exchange Commission. |
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