Cross Street Distribution in Final Negotiations to Merge with TX Casting.HOUSTON -- Cross Street Distribution Inc. (Pink Sheets:CSDN CSDN Circuit Switched Data Network (ITU) CSDN Cisco Self Defending Network ) of Houston, TX and Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , CA., is pleased to announce they are in final negotiations to merge with TX Casting. TX Casting is designed to be a one-stop resource center for the Independent Filmmakers and Producers in Texas. It has worked hard to develop relationships with Agencies and casting directors within the Southwest. With the availability of hundreds of actors, models, music artists, cast and crew in Texas, TX Casting has become one of the largest talent pools and mailing lists An automated e-mail system on the Internet, which is maintained by subject matter. There are thousands of such lists that reach millions of individuals and businesses. New users generally subscribe by sending an e-mail with the word "subscribe" in it and subsequently receive all new in the state. This highly respected company allows for online search capabilities for anyone in need of talent. Individuals may post their free profile at http://www.txcasting.com/. TX Casting has been in business for over 3 years and has most recently provided their online talent service for the Discovery Channel, NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. , ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. , and Fox. For these nationally recognized broadcasting channels, TX Casting has assisted and provided talent for promotions during the SuperBowl, Major League All Star game, Texas Justice, Adventures in Love, For Love or Money and ElimiDate and other reality based national programs. Cross Street Distribution determined this merger was beneficial both for the company and its shareholders. Most entertainment companies spend approximately 15% to 20% of their budget for casting. With this merger, Cross Street will reduce there casting expense while also having the ability to market there online talent pool to clients for added revenue. The additional benefit to the company is direct access to their own online growing talent pool to search for the next up and coming actor/actress, model or music artist for company use. Under the terms of the merger, current President of TX Casting Toni Munoz-Kaufman will be joining Cross Street Distribution as Executive Vice President. Toni posseses over 20 years of promotion, production and casting experience. Toni was also one of the first individuals in the country to open a Hispanic modeling agency. Current COO of TX Casting, Leo Leo, in astronomy Leo [Lat.,=the lion], northern constellation lying S of Ursa Major and on the ecliptic (apparent path of the sun through the heavens) between Cancer and Virgo; it is one of the constellations of the zodiac. David Wheeler will also be joining Cross Street Distribution as Senior Vice President. About Cross Street Distribution Inc.: Cross Street is a recording and distribution company specializing in a genre of urban contemporary music called Mac Music. Cross Street produces music for albums, film, and television, as well as providing packaging and distribution partnerships with independent and major motion picture, music production and distribution companies. For more information, please contact Investor Relations Investor relations The process by which the corporation communicates with its investors. at (973) 351-3868 for Stephen Taylor or visit our website at: http://www.crostreet.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 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: Except for historical information, the forward looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. |
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