Fortune Media Inc.'s Subsidiary Blue Sky Entertainment, Inc. has Film Chosen for Balitmore Underground Film Festival.NEW YORK--(BUSINESS WIRE)--Oct. 5, 1999-- Bruce T. Dugan, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Fortune Media, Inc (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: FMEDE) announced today that the Company's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Blue Sky Entertainment, Inc., first completed feature film, "HOT WAX ZOMBIES Zombies Companies that continue to operate even though they are insolvent. Also known as living dead. Notes: It's advisable to avoid investing in zombies at all costs their life expectancies are highly unpredictable. ON WHEELS," was selected to be one of the feature films for opening night at the Mico Cinefest 99 (the Baltimore Underground Film Festival), and will have its world premiere on November 3, 1999. The film was screened on September 21, 1999 at the Independent Feature Film Market (IFFM IFFM Interlinking Free Format Message ) at the Tribecca Film Center in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . The film was also available for distributors to view at the IFFM library . Blue Sky Entertainment has received distribution offers for Great Britian, and leters of interest from Germany, Japan, and Italy. Senior Vice President of Blue Sky, Mike Roush, says he is considering all offers carefully, but will not rush into any deals. He says "I have been confident of the film's potential all along and will continue to pursue distribution and sales agreements which will bring to the Company the greatest exposure and financial returns." Presently Mr. Roush is working on pre-production of his next film which has a shoot date of February 2000. The film, entitled "Naked Firepower," is a martial arts comic adventure with dangerous curves. Fortune Media, Inc. is a entertainment oriented holding company with operations in the traditional film and music industry as well as an Internet division that operates various entertainment related Internet web sites. For further information contact: H. Smith (908) 587-0642 Statements contained in this press release that are not historical facts are forward-looking statements as that term is 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 forward-looking statements are subject to risks and uncertainties that can cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filings with the various Regulatory Authorities having jurisdiction. |
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