Consolidated Sports Media Group, Inc. Responds to NASCAR'S Claims in Lawsuit.ADDISON, Texas Addison is a city in Dallas County, Texas (USA). The population was 14,166 at the 2000 census. Addison is a northern suburb of Dallas. The city calls itself the Town of Addison but it is incorporated as a city. -- In reaction to the federal lawsuit filed against it by NASCAR NASCAR (National Association for Stock Car Auto Racing), organization that sanctions American stock-car races, est. 1948. It held its first race in Daytona Beach, Fla. , Consolidated Sports Media Sports Media, Inc. (SMI) is a Sports Media and Marketing company that produces radio and television programming as well as representing professional athletes. 2002 Cowboys Live - Hosted by Dallas Cowboys Joey Galloway Group, Inc. (Pink Sheets:CSGU) responded today with a respectful denial. CSGU denies that businessman John Eckerd is a company co-founder, shareholder or officer; denies any formal connection with Ni4Ni Productions; and denies authorizing Daystrike Marketing to distribute unauthorized or unlawful information. In addition, CSGU denies any NASCAR trademark or service mark infringement in regards to its Racetrack Girls Go Nutz video series and its Internet home at www.racetrackgirls.com. "The claims made against the Company are unfounded," said CSGU President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Scott Schepper. "Because of our appreciation and respect for NASCAR and its fans, all the products on www.racetrackgirls.com were painstakingly scrutinized specifically to adhere to current trademark laws. It's unfortunate to be accused of using NASCAR's service mark for profit, or somehow doing damage to NASCAR's reputation. Both charges are patently untrue." Thanks in part to recent positive mentions on various web sites, and in a variety of publications, orders for the Racetrack Girls Go Nutz series' first video -- Girls of the Dirty South -- are experiencing a tremendous spike. Furthermore, CSGU still plans an official, nationally televised advertising launch for Girls of the Dirty South in January. The first video of the series is currently available, for free, at www.racetrackgirls.com. The videos feature real, raw and uncensored fans partying near race venues around the country. About Consolidated Sports Media Group Inc. CSGU is a conglomerate of multi-media 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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