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Goldmark Industries, Inc. Announces Its Emergence as an All-Inclusive Urban Entertainment Company Positioned to Become a Leading Force Worldwide
LOS ANGELES & VANCOUVER, British Columbia--(BUSINESS WIRE)--July 5, 2006--Goldmark Industries, Inc. (PINK SHEETS:GDKI) is excited to announce that the Company is embarking into a new business direction. The Company is making an aggressive move into the multi-billion-dollar Urban Entertainment industry. The Hip-Hop Entertainment industry generates several billion dollars per year in product sales with an estimated consumer-based purchasing power well into the hundreds of billions of dollars and topping over one trillion worldwide. Goldmark Industries is committed to providing the best in all forms of urban entertainment to the 45 Million Hip-Hop consumers in North America. Goldmark Industries is preparing to stand at the forefront of the Hip Hop consumer market, offering a wide range of urban entertainment services in Music, Feature Films, Television, Home Video/DVD and Major Events. As such, Goldmark is poised to build its management team by attracting seasoned professionals with extensive experience in this dynamically growing industry sector.
The Company looks forward to announcing a string of exciting corporate developments over the next few days outlining management changes and project acquisitions. Goldmark Industries will be focusing on the following categories of Urban Entertainment:
In North America, Hip-Hop music generates over 2 billion dollars a year in record sales. Over the last decade, Urban radio stations have risen to the top of the charts, with Hip-Hop music ranking 2nd only to Rock, as America's favorite genre of music. Goldmark Industries' music department is committed to discovering the world's most talented Hip-Hop & R&B artists. Positioned to contribute to the success of the world's leading music production and distribution companies, Goldmark Industries has built a strong foundation for continual growth and achievement. With a visionary approach, high standards and a management team that attracts the most exciting and original artists of our time, Goldmark Industries is set to stand at the forefront of the Hip-Hop music community.
Motion Picture Production
"Boyz n the Hood", "The Wood", "The Brothers", "The Best Man", "Soul Food", "Love and Basketball", "Brown Sugar" and many others are movies aimed at the urban market, but reach an even greater audience. "Boyz n the Hood", with an estimated budget of $6M USD, generated a gross of over $57M USD. "Soul Food", with an estimated budget of $7.5M USD, generated over $43M USD. The continued list is just as significant. Goldmark Industries' motion picture department specializes in the financing, production and distribution of feature films directed towards the urban community. Whether working with highly successful Hollywood executives or up-and-coming independent filmmakers, Goldmark Industries is able to provide consulting and production services from the best in the business. Goldmark Industries aims to produce and distribute some 10-20 films a year, committed to matching the success of some of the leading production companies.
The Urban community has made a large impact on the world of television entertainment. "Girlfriends", a successful television series, produced by "Frasier's" Kelsey Grammer, has been running for six consecutive seasons, while Damon Wayans', "My Wife and Kids", has been running for five. In addition to becoming one of North America's most watched television programming, Hip-Hop's growing consumer base has attracted some of the world's leading advertisers. Goldmark Industries' television department is positioned to become a leading force behind the financing, production, distribution and marketing of television entertainment for the Hip-Hop community, including primetime series, telefilm and mini-series. Goldmark Industries is in the process of teaming up with some exciting television producers and networks worldwide, building a dynamic and powerful television production team that consistently proves to be the best in the business.
Please visit www.goldmarkentertainment.com for further information on Goldmark Industries.
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will", "anticipates", "believes", "plans", "goal", "expects", "future", "intends" and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release.