Magic Media Networks Adds Denver Based Local Scene TV As Newest Affiliate of National Hotel Television Network Subsidiary.FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla. -- National Hotel Television Network, a 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. of Magic Media Networks, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MGCN MgCN Magnesium Cyanide MGCN Media Gateway Controller Node ), announced today that it has added Local Scene TV as its newest affiliate. The Denver-based channel becomes the network's eleventh city, with planned affiliate expansion into at least one more city later this year. National Hotel Television Network (NHN NHN Neighbors Helping Neighbors NHN Nashua North (Nashua, New Hampshire) NHN NAVAIR Headquarters Network NHN Not Here Now NHN Nth Differential Height Maneuver ) is a leading television network with more than 500 hotels and over 140,000 hotel rooms throughout the U.S. NHN's premium hotel destinations include, among others, Ritz-Carlton, Four Seasons, Hilton, Marriott, Hyatt and Sheraton. Local Scene TV currently owns network broadcast rights and airs programming in 21 premium destinations in Denver, Colorado, including the 1,225-room Adam's Mark, Doubletree Southeast, Omni Interlocken Resort, and Hyatt Tech Center. Gordon Scott Venters, 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 Magic Media, stated: "We're pleased with NHN's continuing expansion and its dedication to quality relationships." "We are excited about the expansion of our network and furthering our reach to attract first-rate national advertisers," Alec Lindenauer, co-President of NHN, stated today. "Local Scene TV has quickly become a staple for premium hotels in the Denver area," added Bianca Balogh, President of Local Scene TV, Inc. "We look forward to adding national advertising to our local network and are confident that NHN offers the best program to realize that goal." Magic Media Networks owns and operates Destination Television Inc., whose Bar TV, Gym TV and Hotel TV networks broadcast to high traffic leisure destinations. Its core content consists of Hollywood blockbuster movie previews, music videos and advertising. For additional information, please contact: Gordon Scott Venters at Magic Media Networks, 866-382-3388 or visit http://www.magicmedia.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 This press release contains certain forward-looking statements that involve risk and uncertainties. The statements in this Release are forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in certain periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include among other things, product demand and market competition. You should independently investigate and fully understand all risk before making an investment decision. |
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