Desert Winds Entertainment Acquires Equity in A-Concept Inc.Entertainment Editors PHOENIX--(ENTERTAINMENT WIRE)--Jan. 25, 2000 Desert Winds Entertainment (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:DESW), a film and stage production company based in Mesa, Ariz., today announced that it has acquired a significant portion of A-Concept Inc., owner of Blue Heron blue heron n. Any of several varieties of heron with blue or blue-gray plumage. Publishing of Portland, Ore. The award-winning 16-year-old publisher of both fiction and non-fiction books has a current list of 42 active titles, with 15 in development for publication. Blue Heron enjoys premier North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. distribution and is currently rooted in the literary community of the Pacific Northwest. Michael Paloma, chief executive officer and president of Desert Winds Entertainment, was enthusiastic about the deal, noting that, &uot;Blue Heron is highly regarded in its field. This acquisition gives Desert Winds even greater breadth and depth, and is another step toward our firm's goal of being a premier entertainment creator and developer. Our screen and television side can work with Blue Heron's staff and authors to create marketable Marketable are securities that can be easily converted into cash. Such securities will generally have highly liquid markets allowing the security to be sold at a reasonable price very quickly. tie-in books for our movies, and Blue Heron's access to superlative literary properties will enhance Desert Winds' ability to develop excellent film and television features.&uot; Another arena that the company intends to develop through A-Concept/Blue Heron is educational markets, which the publishing house has been developing for nearly a decade. Dennis Stovall, co-founder of Blue Heron, and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of A-Concept, said: &uot;I see a tremendous synergy The enhanced result of two or more people, groups or organizations working together. In other words, one and one equals three! It comes from the Greek "synergia," which means joint work and cooperative action. in this new relationship. Not only will this allow Blue Heron to more rapidly achieve its potential, but we expect to contribute tangibly to the success of Desert Winds. It's a win/win deal that we welcome.&uot; In an additional statement, Desert Winds Entertainment announced today that it has completed shooting of four episodes of its digital television show, Wild and Wacky Road Trips, and should have them up by mid-February on its digital television network DESTV.net. Also, the company will start shooting episodes for its other TV shows the first week of February. Look for the Battle of the Sexes on the Internet in February, the Pitman/Fettkether-male/female bout. 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: The statements contained herein that are not historical are 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. that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. This release contains forward-looking statements that involve risks and uncertainties. The company's actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors. |
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