Vision Works Media Group Inc. Negotiates Fourth Affiliate, Additional Monthly Projected Revenues $1.1 Million.OCALA Ocala (ōkăl`ə), city (1990 pop. 42,045), seat of Marion co., N central Fla.; inc. 1868. It is a trade and processing center for citrus fruit, vegetables, and truck farm goods. , Fla. -- Vision Works Media Group, Inc. (Pink Sheets:VWKM) and 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. New Screen Television, Inc. have announced that the company has exchanged contracts with a cable distributor to become New Screen TV's fourth affiliate. The name of the cable company is forthcoming upon completion of signed contracts. Mark Astrom, New Screen TV's President, said, "Today's announcement means we are now exchanging contracts with two potential affiliates. The new affiliates would be added to our list of affiliates which include Optical Entertainment Network and Auroras TV." Astrom added, "The affiliate response to New Screen TV's availability as a new channel has been nothing short of exceptional." This new affiliate, cable-company, is part of New Screen TV's targeted net subscriber subscriber, n the person, usually the employee, who represents the family unit in relation to the prepayment plan. Other family members are dependents. Also called certificate holders or enrollees. base of 18 million households and $1.8 million in monthly revenues by yearend. The cable-company also has an interest in New Screen TV's (VOD See video-on-demand. VoD - video on demand ) video on demand channel, New Screen Films on Demand, estimated at an additional $800,000 in monthly revenues per market. New Screen TV has been able to make the move after switching from a local-only broadcaster to a nationally distributed 'basic cable' channel in Q1 of this year. The channel's signal is distributed via the SES Americom SES Americom is a major commercial satellite operator based in the United States. Formerly RCA Americom and GE Americom the company is now (with SES Astra and SES New Skies) one of the principal parts of SES S.A.. AMC-10 satellite to cable, satellite and fiber-to-the-home systems around the U.S. New Screen TV is a 'basic channel' on these systems that is available to all subscribers. 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 here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" , and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or occurring after the date of this press release. |
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