Celebrity Showcase Network Inc. to acquire Kaleidoscope Media Group Inc.NEW YORK--(BUSINESS WIRE)--June 4, 1996--Celebrity Showcase Network Inc. (CSN CSN Crosby, Stills, and Nash (band) CSN Centrala studiestödsnämnden (Swedish: state education grant and loan program) CSN Confédération des Syndicats Nationaux (French) ) (the approved name change, formerly BNN BNN Boston Neighborhood Network BNN Boundary Network Node (IBM) BNN Back-Propagation Neural Network BNN Biological Neural Network BNN Bart's Neverending Network (public-service TV network in The Netherlands) 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 BB:BNND) announced Tuesday it has entered into a letter of intent with Kaleidoscope Media Group Inc. (KMG KMG Kerr-McGee KMG Koi Mil Gaya (Hindi movie) KMG Kunming, China - Kunming (Airport Code) KMG Kent Messenger Group (UK) ), Seagull seagull a noisy, gregarious bird that frequents the seashore. Web-footed, hook-billed, white with gray wings. Member of the family Laridae and of the genus Larus. Entertainment Inc., and People & Properties Inc. (P&P) for an undisclosed number of shares. KMG provides sports and entertainment consulting services for corporate clients including General Motors Corp. and has been involved in the development, production and distribution of sports programming. KMG created, developed and distributed the American Sports Awards Show known as the ESPYs. Seagull is primarily engaged in the business of the development, production and domestic and international distribution of entertainment properties. In 1995, Seagul acquired the domestic and international television and home video rights to distribute television episodes of Tarzan, The Epic Adventure ("Tarzan"). Production of a two-hour Tarzan premier movie was recently completed at a set on the property of Disney World in Lake Buena Vista, Fla. and production of 20 one-hour television episodes of Tarzan has commenced in Africa. Post-production work for the Tarzan series will be completed at Disney studios in Lake Buena Vista. The release for the series is scheduled for September 1996. P&P is primarily engaged in sports and event marketing including event management, sponsor and event representation, event related sports promotions, media and publicity, advertising and sponsorship sales and specialty publishing. P&P manages PGA tour events co-sponsored by the Buick Motor Division of General Motors Corp., produces air shows for ESPN ESPN Entertainment and Sports Programming Network , packages the East-West Shrine Game The East-West Shrine Game is an annual post-season college football all-star game played each January since 1925. The game is sponsored by the fraternal group Nobles of the Mystic Shrine and the net proceeds are earmarked to some of the Shrine's charitable works, most notably the and represents the United States Swimming Association, among other clients. Celebrity Showcase Network Inc. is a diversified media and entertainment company. Celebrity Showcase Network plans to change its name to Kaleidoscope Media Group Inc. CONTACT: Celebrity Showcase Network Inc., New York Henry Siegel, Chairman, 212/779-6601 |
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