Destination Television to Acquire Charter Digital Media.FORT LAUDERDALE, Fla. -- Destination Television, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DSTV DSTV Digital Satellite Television DSTV Direct Support Team Vehicle ) has entered into a letter of intent to acquire New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of based, Charter Digital Media Inc. Charter Digital Media ("CDM 1. CDM - Content Data Model 2. CDM - Code Division Multiplexing ") is a national representative firm for digital signage, selling and distributing national advertising across multiple networks. CDM delivers millions of audience impressions by consolidating out-of-home networks. It grew in 2006 by creating alliances with such companies as Movie Gallery Networks with 2,310 stores, and Hollywood Video TV with over 2,000 stores; Port Authority Terminal (32' x 38' giant screen in Times Square); PATHVision (270 screens in 13 train stations); South Street Seaport The South Street Seaport is a historic area in the New York City borough of Manhattan, located where Fulton Street meets the East River, and adjacent to the Financial District. The Seaport is usually considered a historical district, distinct from the neighboring Financial District. ; and MJM MJM Multi-Jet Modeling (prototyping manufacturing) MJM Metropolitan Japanese Ministry MJM Married Jewish Male SportsTV with locations in the top 50 markets. Monthly gross impressions across CDM's managed networks exceed 75 million viewers covering a wide range of consumers at point-of-sale. Revenue streams include management fees and shared advertising revenue. Advertisers include: Coca-Cola, Hershey, Twentieth Century Fox, Disney Studios, Universal Studios, Toyota, Anheuser Busch, CBS (Cell Broadcast Service) See cell broadcast. , HBO Hyperbaric oxygen therapy (HBO) A form of oxygen therapy in which the patient breathes oxygen in a pressurized chamber. Mentioned in: Ozone Therapy Sports and Wall Street Journal. Gordon Scott Venters, President/CEO of Destination Television, stated: "The acquisition of Charter Digital Media allows Destination Television to enter New York's media market, and with CDM as our sales agent provides access to national advertisers for our networks." Terence J. Kollman, CDM's President/CEO, said: "We've been looking for the right company to capitalize our sales and marketing expansion and believe that Destination Television is a great partner. Charter will be adding more networks in 2007 to increase delivery to more than 100 million gross impressions each month. Advertisers and their ad agencies agree that critical mass is crucial in placing media budgets with out-of-home digital signage networks." This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results, specifically in the areas of future sales growth and profitability. 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 events. |
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