TEAM Finalizes First Major Distribution Deal of the New Millennium.Business Editors/Television Writers LOS ANGELES--(ENTERTAINMENT WIRE)--Jan. 13, 2000 Australian Independent Producer Scanbox Takes Equity Stake in "Call of the Wild" for $8.06 Million; TEAM International Distribution to Debut Series at NATPE NATPE National Association of Television Programming Executives 2000. TEAM International Distribution, the sales arm of TEAM Communications Group, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : TMTV; Neuer Markt: TME See Tivoli Systems Management Software. ) has sold an equity stake in its new weekly dramatic hour series CALL OF THE WILD to Australia-based Scanbox Asia Pacific Ltd., Chairman and Chief Executive Officer Drew S. Levin announced today. Under the terms of the Agreement, Scanbox will pay TEAM $8.06 million to acquire a 25% equity stake in the global television exploitation rights for the first 26 episodes of CALL OF THE WILD, based on the world-renowned Jack London novel. TEAM plans to debut the series at the upcoming National Association of Television Programming Executives (NATPE) conference scheduled for January 24-27 in New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded . "We are thrilled with the early results that our international sales division has achieved for CALL OF THE WILD," said Levin. "Jack London's timeless masterpiece is destined des·tine tr.v. des·tined, des·tin·ing, des·tines 1. To determine beforehand; preordain: a foolish scheme destined to fail; a film destined to become a classic. 2. to become a television classic to an entirely new audience. Scanbox has an excellent track record in independent feature film production/distribution and its equity investment makes CALL OF THE WILD a revenue winner from the very first episode. We are confident that this is the first of many successful collaborations between TEAM and Scanbox," concluded Levin. TEAM International Distribution, headed by Co-Presidents Larry Friedricks and Paula Fierman, will spearhead sales efforts outside of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada, working closely with TEAM Entertainment, Germany (GmbH) in Munich, and TEAM Dandelion dandelion [Eng. form of Fr.,=lion's tooth], any plant of the genus Taraxacum of the family Asteraceae (aster family), perennial herbs of wide distribution in temperate regions. in London. CALL OF THE WILD is set in Alaska and follows the adventures of "Buck" the dog, his 15-year-old companion, Miles and the boy's family during the great Klondike Gold Rush Klondike gold rush Canadian gold rush of the late 1890s. Gold was discovered on Aug. 17, 1896, near the confluence of the Klondike and Yukon rivers in western Yukon Territory. The news spread quickly, and by late 1898 more than 30,000 prospectors had arrived. of 1897. Jack London's works have been published in over 60 countries, numerous languages and read by millions, young and old. The first season of 13 one-hour episodes, starring veteran feature film and television actor Nick Mancuso, is currently filming in Vancouver, B.C. and is scheduled to air on Discovery Network's Animal Planet and internationally this spring. The series is produced by Call of the Wild Productions through Canadian-based CINEVU Films Inc. for TEAM. Drew S. Levin and Jeff Barnash serve as Executive Producers. The series will be announced to the national consumer press at a meeting of the Television Critics Association The Television Critics Association (or TCA) is a group of approximately 200 United States and Canadian journalists and columnists who cover television programming. They meet in the Los Angeles area twice a year, in January and July, in conferences known as Winter and Summer in Pasadena, California on January 19. TEAM and Scanbox are developing a number of new dramatic series and are planning to co-produce at least two projects over the next 12 to 24 months. The equity investment in CALL OF THE WILD marks Scanbox's first foray into the television production business. Scanbox Asia Pacific Limited (SAPL SAPL Society for Animal Protective Legislation SAPL Saudi Arabian Parsons Limited SAPL Societe d'Astronomie Populaire de Limoges (French) SAPL South African Public Libraries SAPL Semantic Agent Programming Language ) is an independent international feature film production and distribution company. SAPL predominately produces films for the 15-to-30-year-old demographic group and distributes them through Scanbox International, Inc., its sales agency jointly owned with Scanbox Entertainment. The company's home video distribution business, Sterling Home Entertainment, Inc., jointly owned with Canada-based Lions Gate, provides SAPL access to the $US 6.5 billion domestic video market. SAPL has also acquired a number of substantial film libraries--including those of Cannon Pictures and 21st Century Pictures--which are being sold through Scanbox International. TEAM Communications Group, Inc. (NASDAQ:TMTV) is a leading television production and distribution company specializing in family, action, adventure and reality-based programming for worldwide distribution. TEAM Communications Group currently owns and distributes over 3,000 hours of programming worldwide. The Company also produces a wide variety of programming for leading U.S., European and other international broadcasters. TEAM's current co-productions include: TOTAL RECALL: 2070 with Alliance Atlantis, Canada and Pro Sieben, Germany, an ambitious technical effect-driven sci-fi action series based upon the blockbuster Arnold Schwarzenegger film, with one of the highest production budgets currently on prime time cable and U.S. syndication: EARTHQUAKE IN 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 , a US $4 million Fox Family Channel movie for ARD Ard (ärd), in the Bible. 1 Son of Benjamin. 2 Benjamite, perhaps the same as (1.) An alternate form is Addar. ; MYSTIC JOURNEYS, EXTREME ADVENTURES and DESTINATION: STYLE for Discovery's Travel Channel; and most recently Jack London's CALL OF THE WILD, a dramatic series co-production for Discovery's Animal Planet. TEAM maintains offices in Los Angeles, London and Munich. TEAM's shares have traded on NASDAQ Small Cap (TMTV) since July 1998 and on the German OTC-Markt (TME) since April 1999. 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 provides a "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. " for forward-looking statements. Certain information included in this news release (as well as information included in oral statements or other written statements made or to be made by TEAM Communications Group, Inc.) contains statements that are forward-looking, such as statements relating to consummation of the transaction, anticipated future revenues of the companies and success of current product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of TEAM Communications Group, Inc. For a description of additional risks and uncertainties, please refer to TEAM Communications Group, Inc. filings with the Securities and Exchange Commission, including Forms 10-K and 10-Q. |
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