Consolidated Sports Media Group, Inc. to Acquire Internet Sports Media, LLC.DALLAS -- 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) has agreed to acquire 100% of the membership interests of Internet Sports Media, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a Nevada limited liability company that develops and manages sports related internet properties. CSGU, a developer, producer and distributor of entertainment related media, plans to use Internet Sports Media, LLC as the nucleus to support the growing needs of its e-commerce and internet strategies. "I believe Internet Sports Media will give us a solid internet foundation and create the ability to develop some very unique business opportunities," said CSGU President and Chief Executive Officer, Scott Schepper. Internet Sports Media, LLC currently manages 14 corporate websites and is currently in development of over 20 more. CSGU, a Nevada corporation, 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, and plans to develop and distribute training and instructional videos for a wide variety of sports enthusiasts. 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 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" statements 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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