VWKM Sells Channel 29 for $1,000,000.ORLANDO, Fla. -- Vision Works Media Group, Inc. (Pink Sheets:VWKM) announces the sale of Channel 29, which is an asset of 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. for $1,000,000 to Orogeny orogeny Mountain-building event, generally one that occurs in a geosyncline. Orogeny tends to occur during a relatively short geologic time frame. It is usually accompanied by folding and faulting of strata and by the deposition of sediments in areas adjacent to the orogenic Media LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Orogeny Media LLC will take over programming of Channel 29 to dovetail dovetail (dov´tāl), n a widened or fanned-out portion of a prepared cavity, usually established deliberately to increase the retention and resistance form. with the initiation of New Screen TV's programming switch to Satellite AMC (Advanced Mezzanine Card) See AdvancedTCA. 10. "The sale of Channel 29 creates a huge profit to Vision Works Media Group, Inc. as our interest was a leasehold interest with an option to buy and with national distribution of our programming on Satellite, we do not need to continue with low power local programming," said Mark Astrom, President. This press release does not constitute an offer of any securities for sale. This press 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. within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release. |
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