Desert Mining Announces Acquisition Negotiations.Business Editors SALT LAKE CITY--(BUSINESS WIRE)--May 12, 2003 Desert Mining Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : DMNG) announced today that it has entered negotiations with Public Media Works Public Media Works (OTCBB: PUBM) is a Delaware corporation headquartered in Van Nuys, California. Founded in 2000 by actor Corbin Bernsen, the company engages in the development, production, marketing and distribution of "tailor made" entertainment for specifically targeted, Inc., a California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). corporation, ("Public Media") whereby the company will acquire 100 percent of Public Media's issued and outstanding common stock in exchange for 35,000,000 shares of the company's restricted common stock. If completed, the company will effect a 12.6-to-1 forward split of its currently issued and outstanding shares as well as change the name and add a class of preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. to its capital structure. Currently in the due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. process, the company anticipates consummating this acquisition by mid June. In anticipation of this acquisition, the company will be issuing an information statement including a full description of the transaction along with audited financial statements of Public Media. Public Media Works Inc., d/b/a PublicFilmWorks, is a film production and marketing company which has developed interactive leading-edge processes and technologies which allow the views to participate in the development of high-quality, cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. films for traditional distribution. The company has creased a unique revenue earning model which monetizes the film production process and builds a core audience prior to release. PublicFilmWorks was incorporated in May 2000 and is headquartered in Van Nuys, Calif. This press release may contain 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. . The words "estimate," "possible" and "seeking" and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks. |
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