Metromedia International Group, Inc. Announces Filing of its 2004 Annual Report on Form 10-K.CHARLOTTE, N.C. -- Metromedia International Group, Inc. (the "Company" or "MIG") (currently traded as: (PINK SHEETS: MTRM MTRM Mode Transverse Resonance Method MTRM Multi-User Transmitted Reference Modulation ) - Common Stock and (PINK SHEETS: MTRMP) - 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. ), the owner of interests in communications businesses in the country of Georgia, today announced that it filed with the Securities and Exchange Commission ("SEC") its 2004 Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. (the "2004 Form 10-K"). With the filing of the 2004 Form 10-K, the Company has completed a significant step in the restatement process that began in June 2005 and the Company is working diligently on completing and filing with the SEC its outstanding Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. for the fiscal periods ended March 31, June 30 and September 30, 2005 and 2006 and its outstanding Annual Report on Form 10-K for the fiscal year ended December 31, 2005. The Company cannot at this time provide any assurances as to when these outstanding periodic reports will be completed and filed with the SEC. About Metromedia International Group Through its wholly owned subsidiaries 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. , the Company owns interests in communications businesses in the country of Georgia. The Company's core businesses include Magticom, Ltd., the leading mobile telephony operator in Tbilisi, Georgia, Telecom Georgia, a well-positioned Georgian long distance telephony operator, and Telenet, a Georgian company providing internet access See how to access the Internet. , data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. , voice telephony and international access services. This news release contains certain 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. made as of the date hereof based only on current information and expectations that are inherently subject to change and involve a number of risks and uncertainties, including in particular those regarding the timing of completing and filing with the SEC its outstanding Quarterly Reports on Form 10-Q for the fiscal periods ended March 31, June 30 and September 30, 2005 and 2006 and its outstanding Annual Report on Form 10-K for the fiscal year ended December 31, 2005. Various factors beyond the Company's control could cause or contribute to such risks and uncertainties. This also includes such factors as are described from time to time in the SEC reports filed by the Company, including the Current Annual Report on Form 10-K for the year ended December 31, 2004, and its most recently filed Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. reports (dated January 6, 2005, February 9, 2005, February 17, 2005, March 9, 2005, March 23, 2005, April 19, 2005, April 20, 2005, June 7, 2005, June 17, 2005, July 12, 2005, July 18, 2005, July 25, 2005, July 28, 2005, August 3, 2005, August 10, 2005, September 8, 2005, September 19, 2005, January 31, 2006, March 8, 2006, March 15, 2006, March 17, 2006, May 11, 2006, May 18, 2006, June 26, 2006, July 14, 2006, August 8, 2006, August 15, 2006, August 22, 2006, September 27, 2006, October 2, 2006, October 10, 2006, October 24, 2006, October 25, 2006, October 30, 2006, November 16, 2006, November 17, 2006, November 20, 2006, November 30, 2006, December 5, 2006 and December 13, 2006). The Company is not under, and expressly disclaims any, obligation to update the information in this news release for any future events Please visit our website at www.metromedia-group.com. |
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