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NEWS:This should be the start of all the news releases:
International Sports and Media Group to Stream Live Pay Per View Event Boca Juniors vs. Millionarios on SoccerTV.tv
ISMG Presents Live International Soccer at $4.99 Friday, September 2, 2005
LOS ANGELES--(BUSINESS WIRE)--Sept. 1, 2005--International Sports and Media Group (OTCBB:ISMEE - News), a diversified Sports and News Marketing and Communications firm, announced today it will stream its first International Live Soccer Match from Colombia this coming Friday over the worldwide internet by showcasing its featured match between Boca Juniors from Argentina versus Millionarios out of Colombia. Both Clubs have storied histories as this event is being streamed live on www.SoccerTV.tv from El Campin de Bogota in Colombia at 6PM PT Friday September 2, 2005. The Pay Per View event will be $4.99 for all viewers. The event will also be archived on www.SoccerTV.tv for future viewing long after the live event is completed. The game Boca Juniors vs. Millionarios is sponsored by the Colombian Government and the United Nations as part of a campaign against illegal narcotics. The match is expected to be a sell out crowd in excess of 45,000 fans.
Boca Juniors has a history of being one of the top clubs in Argentina. Not only is Boca Juniors one of the top clubs in Argentina and in the world, but it also was home to Diego Maradona. Maradona is one of the most well-known soccer players of all time and Boca Juniors is one of the most recognized clubs worldwide.
Soccer Fans who have an interest in viewing the live Pay Per View event between Boca Juniors and Millionarios can simply sign up at www.SoccerTV.tv and walk through the Member sign up process which takes only a couple minutes. The game can be viewed live on your screen through its entirety for a flat $4.99 charged directly to your credit card, which is processed and secured through PayPal.
Manolo Cevallos, President of ISME, stated: "We are very excited to be able to stream the Boca Juniors versus Millionarios event live from Colombia this coming Friday. Our entire staff has worked hard the past few weeks to put us in a position to be one of the only media outlets in the world to offer this particular game live for viewing outside of local TV coverage in Colombia and Argentina. We feel that this particular live International Pay Per View Soccer event is the quality that our viewers and subscribers demand. Boca Juniors is one of the most storied Soccer Clubs in the world and I would place them in the top 10 clubs in the world on any given day. This is just the beginning of the type of quality Soccer events that we plan to stream live on www.SoccerTV.tv and offer on a Pay Per View basis over the long haul."
About International Sports and Media Group
International Sports and Media Group is a sports and news marketing communications firm focused on increasing brand awareness using its expertise in the sports and media sectors, with services including marketing, product development, branding, corporate communications, public relations, hospitality, sponsorship and the new Premium Text Messaging Sport and Media marketing programs from Smart SMS. For more information on the Company, please visit www.ismg.info, www.soccertv.tv or www.ussocceruk.com.
Safe-Harbor Statement
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
International Sports and Media Group
Yan Skwara, 858-488-7775 ext 204
Yskwara@aol.com
Manolo Cevallos, 310-484-9344
manoloCevallos@aol.com
or
Gordon Lee, 310-445-2599
lee@americanidc.com
I am ready. Let's roll.
Mike
Hoping Yan starts his news releases promotional blitz tomorrow."e" should be off around the first of the week.Gots a feeling were going to start getting a heck of alot of news releases..remember jmo..but I am hoping..Bout time for this baby to start moving..
Thanks for the explanation. My guess is it was another company's energy drink you saw. Sadly ISME has not completed anything they told us they would. Life goes on......
Alan
here's the story... i first saw this company had some potential about 9 months ago... i then went to france for a semester abroad and then worked there for the summer (i'm half french... the best part was the season tickets to psg, american sports fans just don't compare to soccer fans in europe, its another world...) ... in any case i went to the PSG boutique a few times to buy crap and once i saw energy drinks on the shelf... i'm a 100% sure they were energy drinks but i did not check if they were related to isme because i was just checking on old stocks i had noted down (isme was one of them) a few days ago and to my great surprise i saw the contract with PSG and PSV... i then remembered seeing the energy drinks... now you guys have mentioned there were no contracts but i think that it was part of the contract to give both teams a certain amount to sell... but i dont think there have been any contracts for individuals... again guys this is all speculation becuase i know i saw those drinks... another solution might be that psg had contracts with another company to make energy drinks before the isme contract... but I highly doubt that... next time i go to paris i will take a picture if you guys want haha... i tried looking at the psg catalogue knowing that there was almost no chance of finding the energy drinks since what sports teams sells energy drinks on their online boutique? ... thats the whole damn story... as a final note, allez psg...
Ditto Q from me. I have talked to the company on several occasions and they have not even had an order for 1 can yet. How can they be on the shelves? Did the can say ISMG on it somewhere or did the idea get co-opted? Are you are sure you saw an energy drink? Appreciate your input. Just trying to clear things up.
Yes, Villebout I am aware of that PR among many. But again the impression I have been given and it was stated by another share holder as well is that the energy drink is still waiting for lables to be completed?
Are you telling us you actually saw an energy drink from ISME?
Thanks
Alan
International Sports and Media Group Aligns with Champ Thai Inter Beverage to Manufacture and Distribute Both PSV and PSG Energy Drinks
Tuesday June 28, 6:00 am ET
LOS ANGELES--(BUSINESS WIRE)--June 28, 2005--International Sports and Media Group (OTCBB:ISME - News), a diversified Sports and News Marketing and Communications firm, announced today its plan to partner with Champ Thai Inter Beverage Co.,Ltd for the manufacturing and assistance in distribution of PSG/PSV Energy.
Champ Thai Inter Beverage Co., Ltd is currently established in the Thailand and has a strong network of distributors and retailers in the Asian and European regions where PSG and PSV Energy will be distributed and sold. Champ Thai Inter Beverage Co.,Ltd knowledge and past experience in the industry will prove to be invaluable to ISME since Champ Thai Inter Beverage Co.,Ltd will manufacture the product and ship into the ports of Holland and France.
Both PSG and PSV Energy are planning to be released this August as the new season kicks off in Europe. The drinks will be sold in a number of retail outlets including Stadiums, Gas stations, local markets and other local venues will be used to sell the product.
Yan Skwara, President of ISME, said, "We are very pleased to announce that we are moving forward aggressively with Champ Thai Inter Beverage Co.,Ltd on launching PSG and PSV Energy Drinks after signing a deal with them in November of last year. Producing and Manufacturing in Thailand over Europe made the best business sense due to the fact that production will be in USD as opposed to Euros which is valued much higher than the dollar is at present. Shipping costs are very reasonable from Thailand and we expect to be a very competitively priced product over many of our competitors. Many professional teams have contacted us as they see the revenue generated by such drinks can be enormous and we anticipate to tap further into this energy drink niche more in the future with select key signings."
Lerson Pattanasuk, Executive Director of Champ Thai Inter Beverage Company stated, "We are happy to be moving forward with ISME on these two energy drink projects as they are both quality teams with a large fan base. We plan to use our knowledge and presence in the industry to make PSG and PSV Energy as successful as possible."
http://biz.yahoo.com/bw/050628/285410.html?.v=1
Same question: What energy drinks are you talking about?
villebout, what energy drink did you see?? We have been told the lables have not even been printed as of yet. Thanks
Alan
ive been following this stock and will keep to... the soccer games are big for revenues... i would like to add that i'm a huge soccer fan, especially of France but as a club PSG... so i just thought it might make you guys happy to tell you that i was in the PSG Boutique on the Champs Elysees about a month ago and i saw the energy drinks on the shelves... so they are out there and have been for a while... but this stock seems to have dilution written all over it... i'll be checking it out every so often...
I am hearing from IR.That they are expecting 50k people to watch the soccer match live on their pay per view site..at 4.95 a piece.that is a nice 1/4mil in revs..And I keep getting this feeling from them.That they will start pulling off their pro international soccer matches..now that would be great..30-40k size stadium 25-40 bucks a head..now that would be a 6 figure revenue stream..then figure 4-5 of those matches a year at least..that would work..Also I think they have just about finished the design of their energy drink labels..then into production and distribution..Now is they get some decent advertisers on their soccer site..maybe just maybe they have finally moved into the right direction I hope so I have waited a long time for this one..Plus the "e" should be off any time too..Jmo but.Got my fingers crossed now..it has been a long wait..
You're very welcome.
Alan
Thanks, I appreciate any update you find.
Mike
I checked on the dividen today and here's the response I got from Ameritrade.
********************************************
Dear Alan R. Mercurio:
Thank you for contacting us today regarding your account.
You received Pan American restricted shares as a stock dividend from ISME.
The shares in your account that are designated as "Restricted" are shares that you received as a spin-off or distribution from one of the companies you were holding in your account on the designated distribution date. The shares may have value once the restriction has expired or can be lifted, but are not negotiable at this time according to the company. Typically, some type of SEC restriction, such as Rule 144, restricts these shares. At this time, Ameritrade has not received official information indicating the nature of the restriction, or it's expiration date. Please inquire with the issuer as to the nature of the restriction and/or it's expiration date.
***********************************************
I have sent the company an e-mail and I'll let you know what the response is as soon as I hear anything.
Alan
Actually Steve, you are quite the promoter. Lol
manolo the new president's webstite..Quite the promoter.jmo
http://www.manolocevallos.com/index.html
Many things coming and all in the right direction just watch..
more updates at soccertv..the live game is there..their payment system is now up..they are really moving along..Like I said they still keep plugging along..Like I said before..the first of the professional soccer promotions and that is the big revs..then we soar again..coming very soon to stadium to you i hope..
New updates on the soccertv site.NEWS,VOD,LIVE GAMES..Coming along very nicely..Heard from IR..they just spent two days TEXAS.setting up some pro soccer promotions I sure hope they get them..I like the sound of 1 mill per game give or take a few thousands...kachinggggggg,kachingggggggg..bout time for some revenue...
8-K filed:........................
ISME -- International Sports and Media Group, Inc.
Com ($0.0001)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8 - K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Act of 1934
Date of Report: July 28, 2005
INTERNATIONAL SPORTS AND MEDIA GROUP, INC.
(Exact Name of Registrant as Specified in its Charter)
Nevada
000-27487
88-0350156
(State or other jurisdiction of
incorporation or organization)
(Commission File Number)
(IRS Employer ID Number)
11301 Olympic Blvd. Suite 680, Los Angeles, California 90064
(Address of principal executive offices)
Registrant's telephone number, including area code: 310-445-2599
3803 Mission Blvd. Suite 290, San Diego, CA 92109
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2 below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On July 28, 2005, the Board of Directors accepted the resignation of Gordon F. Lee as Chairman of the Board and Yan K. Skwara as President. The Board of Directors then appointed Manolo Cevalos as President of the Company and appointed Yan K. Skwara as acting Chairman of the Board. Gordon Lee will continue to serve as company CEO and a director of the company. Both Mr. Lee’s and Mr. Skwara’s resignations were not because of any disagreement with the Company. A copy of Mr. Lee’s resignation letter is attached as an exhibit to this report. Further, a copy of Mr. Skwara’s severance agreement is attached hereto as an exhibit to this report. Under this agreement, Mr. Skwara is entitled to his accrued salary and $250,000 in severance pay, payable in cash or registered common stock.
On July 28, 2005, the company entered into an employment agreement with Mr. Cevallos, whereby Mr. Cevallos will act as President of the company until July 2007 in exchange for thirty one and one half million (31,500,000) shares of the common stock of the company and a yearly salary of $60,000 plus merit bonuses as applicable, payable in cash and stock.
Manolo Cevallos, President – Manolo Cevallos, who is 51 years old and a resident of Los Angeles, California, has worked in the area of sports promotion as well as handling various forms of sports media for over the past 25 years. Mr. Cevallos has had over two decades of business experience in the promotion of professional international soccer matches here in the United States. Since 2002, Mr. Cevallos has been a Partner at Futbol Channel Telecommunications, Inc. Since 2001, he has been a partner of C.G.P. Groups, Editorial Mundo Latino USA, Inc.-Deportimundo y Mas Magazine. He is also President-CEO of the Los Angeles Metropolitan Hispanic Chamber of Commerce and Vice Chairman of the California Hispanic Chamber of Commerce-International Trade Comité, as well as Executive Director of the Latino National Association for Business and Entrepreneuers. Since 2000, Mr. Cevallos has served as a sports writer for El Clasificado Weekly Magazine. Mr. Cevallos received a Masters in Administrative Management and Journalism from Catholic University in Quito, Ecuador.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits
10.1 Severance Agreement with Yan Skwara
10.2 Employment Agreement with Manolo Cevallos
99.1 Resignation Letter from Gordon F. Lee
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
INTERNATIONAL SPORTS AND MEDIA GROUP, INC.
August 2, 2005
Date
/s/ Gordon F. Lee
Gordon Lee, CEO
10.1 Severance Agreement with Yan Skwara
SEVERANCE AGREEMENT
This Severance Agreement (“Agreement”) is entered to be effective as of July 28, 2005 by and between International Sports and Media Group, Inc., a Nevada corporation (“ISME”), and Yan K. Skwara, a person residing in the State of California (“Skwara”).
[Recitals]
WHEREAS, Skwara is currently President and a director of ISME; and has put substantial time, effort and finances into the company as its founder;
WHEREAS, Skwara, subject to the terms and conditions of this Agreement, has agreed to terminate all employment, consulting and other related agreements with ISME; and
WHEREAS, Skwara, subject to the terms and conditions of this Agreement, is resigning the office of President of ISME to focus more time on other interests. Skwara will remain a director of the company and will serve as temporary chairman until the next meeting of stockholders;
[The Agreement]
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is acknowledged, ISME and Skwara agree as follows.
1.
ISME shall indemnify Skwara to the fullest extent permitted by law if Skwara is or becomes a party to or witness or other participant in, or is threatened to be made a party to or witness or other participant in, any threatened, pending or completed action, suit, proceeding or alternative dispute resolution mechanism, whether civil, criminal, administrative, investigative or other (hereinafter a "CLAIM") by reason of (or arising in part out of) any event or occurrence related to the fact that Skwara personally guaranteed any of ISME’s obligations, is or was a director, officer, employee, agent or fiduciary of ISME, against any and all expenses (including attorneys' fees and all other costs, expenses and obligations incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to defend, be a witness in or participate in, any such action, suit, proceeding, alternative dispute resolution mechanism, hearing, inquiry or investigation), judgments, fines, penalties and amounts paid in settlement (if such settlement is approved in advance by ISME, which approval shall not be unreasonably withheld) of such Claim and any federal, state, local or foreign taxes imposed on Skwara as a result of the actual or deemed receipt of any payments under this Agreement (collectively, hereinafter "EXPENSES"), including all interest, assessments and other charges paid or payable in connection with or in respect of such Expenses. Such payment of Expenses shall be made by ISME as soon as practicable but in any event no later than twenty days after written demand by Skwara is presented to ISME.
2.
ISME agrees that it is indebted to Skwara in the amount of $155,831 for unpaid salary through July 2005. Further, ISME agrees to pay Skwara $250,000 as a severance fee. All payments shall be made in cash or registered common stock, valued at the date of issuance, within thirty days of the execution of this Agreement. These payments are made in full satisfaction of any amounts owed to Skwara under all all employment, consulting and other related agreements with ISME. ISME shall fully cooperate with Skwara in any subsequent sale or transfer of Skwara’s shares, including but not limited to payment by ISME of any transfer agent fees and legal opinions.
3.
Subject to the terms and conditions of this Agreement, Skwara resigns, effective immediately, as President of ISME. Skwara’s resignation is not because of any disagreement with ISME concerning ISME’s operations, policies or practices, but so that Skwara can focus on other activities.
4.
This Agreement may be executed in one or more counterparts, each of which shall constitute an original.
5.
This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors, assigns, including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of ISME. ISME shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all, or a substantial part, of the business and/or assets of ISME, by written agreement in form and substance satisfactory to Skwara, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that ISME would be required to perform if no such succession had taken place. This Agreement shall continue in effect with respect to Claims relating to Indemnifiable Events regardless of whether Skwara continues to serve as a director, officer, employee, agent or fiduciary of ISME or of any other enterprise at ISME's request.
6.
In the event that any action is instituted by Skwara under this Agreement or under any liability insurance policies maintained by ISME to enforce or interpret any of the terms hereof or thereof, Skwara shall be entitled to be paid all Expenses incurred by Skwara with respect to such action, regardless of whether Skwara is ultimately successful in such action, and shall be entitled to the advancement of Expenses with respect to such action, unless, as a part of such action, a court of competent jurisdiction over such action determines that each of the material assertions made by Skwara as a basis for such action was not made in good faith or was frivolous. In the event of an action instituted by or in the name of ISME under this Agreement to enforce or interpret any of the terms of this Agreement, Skwara shall be entitled to be paid all Expenses incurred by Skwara in defense of such action (including costs and expenses incurred with respect to Skwara's counterclaims and cross-claims made in such action), and shall be entitled to the advancement of Expenses with respect to such action, unless, as a part of such action, a court having jurisdiction over such action determines that each of Skwara's material defenses to such action was made in bad faith or was frivolous.
7.
All notices and other communications required or permitted hereunder shall be in writing, shall be effective when given, and shall in any event be deemed to be given (a) five (5) days after deposit with the U.S. Postal Service or other applicable postal service, if delivered by first class mail, postage prepaid, (b) upon delivery, if delivered by hand, (c) one business day after the business day of deposit with Federal Express or similar overnight courier, freight prepaid, or (d) one day after the business day of delivery by facsimile transmission, if delivered by facsimile transmission, with copy by first class mail, postage prepaid.
8.
Consent to Jurisdiction. ISME and Skwara each hereby irrevocably consent to the jurisdiction of the courts of the State of California for all purposes in connection with any action or proceeding which arises out of or relates to this Agreement and agree that any action instituted under this Agreement shall be commenced, prosecuted and continued only in the State of California in and for Los Angeles County, which shall be the exclusive and only proper forum for adjudicating such a claim.
9.
The provisions of this Agreement shall be severable in the event that any of the provisions hereof (including any provision within a single section, paragraph or sentence) are held by a court of competent jurisdiction to be invalid, void or otherwise unenforceable, and the remaining provisions shall remain enforceable to the fullest extent permitted by law. Furthermore, to the fullest extent possible, the provisions of this Agreement (including, without limitations, each portion of this Agreement containing any provision held to be invalid, void or otherwise unenforceable, that is not itself invalid, void or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable.
10.
This Agreement shall be governed by and its provisions construed and enforced in accordance with the laws of the State of California, as applied to contracts between California residents, entered into and to be performed entirely within the State of California, without regard to the conflict of laws principles thereof.
11.
No amendment, modification, termination or cancellation of this Agreement shall be effective unless it is in writing signed by both the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.
12.
This Agreement sets forth the entire understanding between the parties hereto and supersedes and merges all previous written and oral negotiations, commitments, understandings and agreements relating to the subject matter hereof between the parties hereto.
13.
Nothing contained in this Agreement shall be construed as giving Skwara any right to be retained in the employ of ISME or any of its subsidiaries.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.
Yan K. Skwara
By: /s/Yan K. Skwara
Name: Yan K. Skwara
International Sports and Media Group, Inc.
By: /s/Gordon F. Lee
Name: Gordon F. Lee
Title: CEO
10.2 Employment Agreement with Manolo Cevallos
EMPLOYMENT AGREEMENT
THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of the 26th day of July 2005, by and between International Sports and Media Group, a Nevada Corporation (“Employer”), with its principal place of business located at 3803 Mission Blvd., Suite 290, San Diego, CA 92109 and Manolo Cevallos, an individual (“Employee”) who can be located at 13402 Droxford Street, Cerritos California 90703.
WHEREAS, the Employer desires to employ Manolo Cevallos in the areas of Soccer Development and Business Strategy for the Employer (the "Services") in connection with the Company's business, namely, targeted business opportunities within the sports and media industry (the "Business");
WHEREAS, Employee is willing to provide such services;
WHEREAS, in consideration for the Services, the Employer shall pay a monthly salary to Employee and issue its common stock upon the terms and conditions hereinafter set forth.
NOW, THEREFORE, in consideration of the mutual undertakings contained herein, the parties agree as follows:
1.Term . Employee agrees to provide Services to Employer from the date of execution of this Agreement until July 27th, 2007, unless earlier terminated (the “Term”). Employee shall be available to the Company for a minimum of One Hundred (100) hours per month during the period, provided that Employee shall not be required to perform any services hereunder while Employee is on vacation or suffering from an illness.
2. Provision of Services . Employee shall act as President of Employer and perform duties related to such title as determined from time to time by the board of directors. Other initial duties shall include:
a) Identifying prospective strategic partners and strategic alliances.
b) Corporate planning, strategy and negotiations with potential strategic business partners and/or other general business consulting needs as expressed by the Employer.
c) Business strategies.
d) Formation of International soccer matches both domestically and internationally.
Employee would undertake such services under the direction of Yan Skwara, the Employer’s Chairman. The Employer hereby acknowledges and agrees that Employee may engage directly or indirectly in other businesses and ventures and shall not be required to perform any services under this Agreement when, or for such periods in which, the rendering of such services shall unduly interfere with such other businesses and ventures, providing that such undertakings do not completely preempt Employee's availability during the term of this Agreement and are in accordance with the provisions of this Agreement. To the extend that potential business opportunity arises such as a soccer game, and the employer does not wish to participate, employee shall be allowed to undertake the business opportunity on his own and will also offer the opportunity to employer to handle related services such as internet broadcasting and text message services (if this last part apply).
3. Compensation; Issuance of Stock . In consideration of Services rendered to date and to be rendered during the Term, the Employer, in the manner and for the price stated below shall (i) compensate Employee by delivering to the Employee, no later than August 30th, 2005, Thrity One and One Half Million (31,500,000) [Employee had 1,000,000 shares previously granted to him as such his total share should be 32.5 million] shares of the common stock of the Company and (ii) the Employee shall receive a yearly salary of $60,000 plus merit bonuses as applicable, payable in cash and stock and (iii) subject to the Employer's prior written authorization and consent, the Employer shall be responsible for the payment of the reasonable out-of-pocket costs and expenses of Employee incurred prior to, or on or after the date of this Agreement, in connection with its engagement under this Agreement, including, but not limited to, reasonable fees and disbursements of counsel for Employee, travel and related expenses, document production and computer database charges. [Travel cost and reasonable expenses as agreed by employee and employer shall be paid in advance and employee shall also have the right to seek reimbursement for any additional expenses incurred] The Employer shall reimburse Employee for such authorized costs and expenses as they are incurred, promptly after receipt of a request for reimbursement from Employee.
Employee acknowledges that this issuance constitutes taxable compensation and that any tax liability related thereto shall be the responsibility of Employee. In these regards, the Employer will issue Employee a Form 1099, with the value of the shares being determined based upon the closing price of the Employer's stock on the date of issuance.
4. Employee Covenants.
Unauthorized Disclosure of Confidential Information. While employed by the Employer and thereafter, Employee shall not, directly or indirectly, disclose to anyone outside of the Employer any Confidential Information or use any Confidential Information (as hereinafter defined) other than pursuant to the employment by and for the benefit of the Employer.
The term "Confidential Information" as used throughout this Agreement means any and all trade secrets and any and all data or information not generally known outside of the Employer whether prepared or developed by or for the Employer or received by the Employer from any outside source. Without limiting the scope of this definition, Confidential Information includes any customer files, customer lists, any business, marketing, financial or sales record, data, plan, or survey; and any other record or information relating to the present or future business, product, or service of the Employer. All Confidential Information and copies thereof are the sole property of the Employer.
Notwithstanding the foregoing, the term Confidential Information shall not apply to information that the Employer has voluntarily disclosed to the public without restriction, or which has otherwise lawfully entered the public domain.
5. Successors and Assigns . This Agreement is binding upon and inures to the benefit of the Employer and its affiliates, successors and assigns and is binding upon and inures to the benefit of Employee and his successors and assigns; provided that in no event shall Employee's obligations to perform the Services be delegated or transferred by Employee without the prior written consent of the Employer.
6. Termination . Either the Employer or Employee may terminate this Agreement by mutual written consent or for material breach upon at least thirty (30) days prior written notice specifying the nature of the breach, if such breach has not been substantially cured within the thirty (30) day period.
7. Indemnification . Employer shall indemnify and hold harmless the Employee from and against any and all losses, damages, liabilities, reasonable attorney's fees, court costs and expenses resulting or arising from any act or omission by Employer. The Employee shall indemnify and hold harmless the Employer from and against any and all losses, damages, liabilities, reasonable attorney's fees, court costs and expenses resulting or arising from any act or omission by the Employee.
8. Notice . For the purpose of this Agreement, notices and all other communications provided for herein shall be in writing and shall be deemed to have been duly given (i) when delivered, if personally delivered, (ii) when sent by facsimile transmission, when receipt therefore has been duly received, or (iii) when mailed by United States registered mail, return receipt requested, postage prepaid, or by recognized overnight courier, addressed set forth in the preamble to this Agreement or to such other address as any party may have furnished to the other in any writing in accordance herewith, except that notices of change of address shall be effective only upon receipt.
9. Waiver . No provisions of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing and signed by each party. No waiver by either party hereto of or compliance with, any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time.
10. Miscellaneous . This Agreement (1) constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and shall supersede all prior understandings and agreements as to such subject matter; (ii) may be amended or modified only by a writing executed by the party against whom enforcement is sought; (iii) shall inure to the benefit of and be binding upon the respective heirs, administrators, personal representatives, successors and assigns of the parties hereto; and (iv) the validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of California. Any controversy arising under or in relation to this Agreement shall be settled by binding arbitration in Los Angeles, California in accordance with the laws of the State of California and the rules of the American Arbitration Association.
11. Counterparts . This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument.
12. Severability . If any term of provision hereof is deemed unlawful or invalid for any reason whatsoever, such unlawfulness or invalidity shall not affect the validity of this Agreement, and the Agreement shall be interpreted without such unlawful or invalid provision.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first above written.
Agreed to and accepted:
Manolo Cevallos
International Sports and Media Group
/s/ Manolo Cevallos /s/ Yan Skwara
Authorized Signature Authorized Signature
Manolo Cevallos Yan Skwara-President
Name Name/Title
Date June 26, 2005
99.1 Resignation Letter from Gordon F. Lee
July 28, 2005
Board of Directors
International Sports and Media Group, Inc.
3803 Mission Blvd., Suite 290
San Diego, CA 92109
Re: Resignation as Chairman
Greetings:
Effective immediately, I hereby resign my position as Chairman of the Company. I will continue to serve as director and CEO of the Company. My resignation is not due to any disagreement with the Company’s operations, policies or practices.
Sincerely,
/s/ Gordon F. Lee
Gordon F. Lee
Great part of PR:
Manolo Cevallos, President of ISMG, stated: "This match between these two countries is always exciting and draws a very sizeable audience, which will reflect in our traffic on our Soccer Network, www.SoccerTV.tv. This is important to note as sponsorship revenues are a driving component with all sporting events. This high level international soccer match is ideal for ISMG to capitalize upon with our new 'Soccer Alert' text messaging campaigns and internet TV services. With our previously announced live Internet broadcast match between Boca Juniors and Millionarios, this match obviously gives our investors and shareholders a good snap shot of the direction we are moving into in the future, in terms of our efforts of promoting high quality International Soccer Matches worldwide, which translates into hard dollars. We are very excited about our future prospects and look forward to continuing to build our library of soccer matches -- both live and archived -- for our subscribers."
Corrected News:
CORRECTING and REPLACING International Sports and Media Group Announces SMS Text Messaging and Live Broadband Streaming Rights for El Salvador vs. Paraguay International Soccer Clash
Business Wire - August 05, 2005 09:14
LOS ANGELES, Aug 05, 2005 (BUSINESS WIRE) -- First graph, first sentence of release should read: International Sports and Media Group (OTCBB:ISME), a diversified Sports and News Marketing and Communications firm, announced today it has secured the Internet and Text Messaging rights to the upcoming International Soccer match between Paraguay vs. El Salvador on August 17, 2005 in Paraguay (sted April 17, 2005).
The corrected release reads:
INTERNATIONAL SPORTS AND MEDIA GROUP ANNOUNCES SMS TEXT MESSAGING AND LIVE BROADBAND STREAMING RIGHTS FOR EL SALVADOR VS. PARAGUAY INTERNATIONAL SOCCER CLASH
International Sports and Media Group (OTCBB:ISME), a diversified Sports and News Marketing and Communications firm, announced today it has secured the Internet and Text Messaging rights to the upcoming International Soccer match between Paraguay vs. El Salvador on August 17, 2005 in Paraguay.
This match will be held in Paraguay. National team matches are very exciting, hard fought matches and draw very large crowds and sponsors, and this game will be no exception.
In its efforts to capitalize on international soccer matches, ISMG will be broadcasting the match live via the company's Soccer Television internet site, www.SoccerTV.tv. The match will be televised locally, however; ISMG will broadcast the match live via the Internet to hundreds of thousands of Paraguay and El Salvador fans around the globe. The match will also be archived on SoccerTV.tv, for future viewing long after the match is completed, available for subscribers.
In addition to the Internet rights, ISMG will have the Text Messaging rights inside the stadium in Paraguay. This will allow the thousands of passionate fans of both countries to Text in through their cell phones to participate in polls, give-aways and obtaining additional information about the match along with the two national teams.
International Sports and Media Group will be receiving revenue through the small charge to utilize the 'Soccer Alert' text messaging service along with the pay-per-view fees to watch the match via ISMG's www.SoccerTV.tv internet site. A game of this level is an excellent marketing platform for any company and ISMG plans to make the most of this opportunity.
Manolo Cevallos, President of ISMG, stated: "This match between these two countries is always exciting and draws a very sizeable audience, which will reflect in our traffic on our Soccer Network, www.SoccerTV.tv. This is important to note as sponsorship revenues are a driving component with all sporting events. This high level international soccer match is ideal for ISMG to capitalize upon with our new 'Soccer Alert' text messaging campaigns and internet TV services. With our previously announced live Internet broadcast match between Boca Juniors and Millionarios, this match obviously gives our investors and shareholders a good snap shot of the direction we are moving into in the future, in terms of our efforts of promoting high quality International Soccer Matches worldwide, which translates into hard dollars. We are very excited about our future prospects and look forward to continuing to build our library of soccer matches -- both live and archived -- for our subscribers."
About International Sports and Media Group
International Sports and Media Group is a sports and news marketing communications firm focused on increasing brand awareness using its expertise in the sports and media sectors, with services including marketing, product development, branding, corporate communications, public relations, hospitality, sponsorship and the new Premium Text Messaging Sport and Media marketing programs from Smart SMS. For more information on the Company, please visit www.ismg.info, www.soccertv.tv or www.ussocceruk.com.
About SMS
SMS is a part of the smart group, a subsidiary of American IDC. It is a telecommunications and entertainment company whose focus is on sports. The company's goal is to establish a large operation working towards implementing text messaging for numerous sports.
About American IDC
American IDC Corp., a public company (Pink Sheets:ACNI), is an internet entertainment company that specializes in mobile marketing campaigns for major brands. American IDC owns and operates the SMART Text Messaging technology. This technology, which was originally developed and deployed in Europe, provides keen insight into the consumer market in creating branding and marketing campaigns that produce results. To date, Smart has successfully launched over 300 campaigns worldwide. Both Smart and American IDC are headquartered in Los Angeles, with additional presence in New York, Europe, Mexico, South America and Asia.
Safe-Harbor Statement
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
SOURCE: International Sports and Media Group
International Sports and Media Group
Yan Skwara, 858-488-7775, x204
Yskwara@aol.com
Manolo Cevallos, 310-484-9344
Cevallos@aol.com
or
AmericanIDC
Gordon Lee, 310-445-2599
lee@americanidc.com
Copyright Business Wire 2005
got my dividend shares in account now.of course no symbol yet and no share price..but that is coming soon..
If we can get our first soccer match promotion the money rolls.and then hopefully the energy drink roll outs,the websites all up and running.And getting the advertisers in..But that first soccer promotion.And with the energy drinks.I think we start to roll..jmo...
Even though there has been a change I believe it will have a positive effect. You get as much out of a work horse as you can then put a fresh one in and contine on. As long as they continue trying to put things together they should make a good connection one day. Sooner would be better.
Mike
Hopefully we can get some games promoted lots of big bucks in that..And if we get our energy drinks off the ground and going.and the websites all up and working..who knows...sounds like they are still plugging away it everything anyway..glta..
clash
This is bullshit.
I lose faith in this company more and more. It's gonna be very hard for them to make up for all the crap they've done to investors at this point.
-Mash
News on our dividend spin-off company:
Palomar Enterprises, Inc. Signs One Year Corporate Communications Agreement with Pan American Relations
Business Wire - July 18, 2005 15:06
CARSON CITY, Nev., Jul 18, 2005 (BUSINESS WIRE) -- Palomar Enterprises, Inc. (OTCBB:PLMA) announces a one year corporate communications agreement with Pan American Relations ("PAR"). PAR will assist Palomar Enterprises, Inc. in the fields of finance, PR and marketing. The contract is for a combination of cash and restricted stock over a one year period. Palomar has made a transition to bring shareholder value by the reduction of free-trading shares being issued for services, while raising capital through the issuance of restricted shares.
Brent Fouch, CFO, "believes strongly that at this point in our business, this is an opportune time to make an investment in enhancing our shareholder communications. Shareholder communications for small cap companies is very specialized and we have selected PAR due to their expertise in this arena."
Yan Skwara, President of PAR, stated: "We are very excited to be working with Palomar as a new corporate communications client. Palomar has a sound business model that clearly has enormous growth potential. We are committed to keeping the investment community appraised on all business developments of Palomar moving forward."
Forward Looking Statements:
Certain statements in this news release may contain "forward looking" information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements.
SOURCE: PALOMAR ENTERPRISES, INC.
Palomar Enterprises, Inc.
Brent Fouch, 1-775-887-0670
contact@palomarenterprises.com
www.palomarenterprises.com
or
Pan American Relations
Yan Skwara, 1-858-488-7775 ext. 204
yan@parelations.com
www.parelations.com
Copyright Business Wire 2005
Hopefully we will get our shares soon.Probably sometime around August I hope..then I hope Yan takes them SB-2..instead of a 144 year restriction..looking for a 90day sb-2 restriction..
There are so many energy drinks out there. Why not just have Red Bull sell to them and private label. Why even bother with ISME's product? Something still stinks here. I hope I am wrong. When a company issues a dividend it's supposed to be in your account. It's going to be restricted anyway so it's a total waste along with other dead company certs I have in my drawer at home. OTCBB spin-offs. What a joke! A company with no revenue spinning off another company with no revenue and announcing it as a dividend. YOU WANT TO GIVE ME A DIVIDEND? GIVE IT TO ME IN ISME SHARES! That's a true dividend, not this crap!
Any employee of a legit company can not really tell a shareholder anything. They have to be extremely careful of what they say. These "conversations" and posts with Yan and Gordon are getting old. They can't leak info.
Hey guys, I have not been able to get ahold of Yan lately for an update. What's the deal here. Were back in the toilet again, and there have been no updates. Anybody have any positive newes 'cause the price drop concerns be again.
HI,Last time I heard,stil working very hard on closing deals for energy drinks.and more sponsors for the websites.getting there socceruk in better shape and their ussoccertv.in better shape too..he has been very busy.very hard to get ahold of now..hopefully that is good news...
ISME:New product line check it out really cool:http://www.lifewave.com/ismg
plus their soccertv.tv site is up and looking nice.and we should have the purchase order new for the energy drinks this week..I think time to move up..jmo...
A couple things. One I hate to sound cheep but what happen to the happy hour here? have I just been missing it or has it been discontinued?
I wanted to respond to a PM with a PM to Stevo51/Clash but I have not been able to due to missing the happy hour.
With that said. Steve I'd like to discuss some things with you if it's ok with you.It's unrealted to this stock. Please e-mail me if you want to? at alanmercurio@oiltechtalk.com
Alan
Steve, just a short while ago you wanted to vote him out and you said he was not good enough in your opinion to even empty the trash cans or something to that effect.
These bb's are very confusing to try to follow.
Alan
You mean his real name isn't Gordon Gekko? :)
OT:This is just from me.and how I feel.Kind of a private thing..Yan Skwara Is the most caring head of a company or anybody associated with running a company I have ever meant.I will go to my grave and always believe that..
http://www.parelations.com/ This is some interesting reading and clients...when the clients are ussoccertv.tv.and psv.holland.and psg.france..that is all the revs except for text pretty much..that is a hell of a dividend...dont't make a whole lot of sense to me..but then again what do I know...
Glad to see your on board again. I am loaded and ready to go.
http://www.soccertv.tv/ is now up and running and looking pretty good they are really coming along really fast.and the energy drink labels for the bottles are being printed as I type..wont be much longer..also..everything looking good for the dividend on the 30th too...
Could be worse. Its stable.
MMs could really have their way with this right now. Damn shame cause it was set up to do well with volume the last couple of weeks. Another missed opportunity by the company.
All the best
Volume is so dry..because mgt is putting nothing out to move the company or draw any interest into right now..hopefully soon...
Whoopti doo!
"MoneyTV provides companies a 3 to 4 month corporate profile with multiple appearances for a cash fee of $11,500.00 to $17,250.00, does not accept company stock as payment for services, does not hold any positions, options or warrants in featured companies."
why is vol so dry?
yan does interview with moneytv.net:
MoneyTV, Week of 6/17
06/17/2005 10:00
LOS ANGELES, CA -- (MARKET WIRE) -- 06/17/05 -- MoneyTV is the nationally syndicated television program all about money and what makes it happen, (http://www.moneytv.net), featuring informative interviews by hosts Donald Baillargeon and Skip Lindeman with company CEOs, providing insights into their operations and outlooks for their futures.
Free information packages from the featured companies can be requested by sending an email to info@moneytv.net.
The television program can also be viewed online immediately at www.moneytv.net.
Featured companies on this week's show, include:
Irwin Energy, Inc. (OTC: IWNN) President John Gaetz spoke of the company's domestic energy production activities in Arizona and Alberta and the effect China is having on world energy markets.
Plasticon International, Inc. (OTC: PLNI) CEO James Turek announced the creation of a new blend of polypropylene, which reduces the material costs of one of the company's major product lines.
Young Oil Corporation CEO Anthony Young discussed the world oil markets and the effect prices are having on domestic producers' profits.
Universal Ice Blast, Inc. (OTC: UIBT) CEO Rory Clarke announced that Ford Motor Company, after several years of research, has approved UIBT's ice blasting technology for production.
International Sports & Media Group, Inc. (OTC BB: ISME) CEO Yan Skwara updated progress in the company's private label sports energy drink business.
PracticeXpert, Inc. CFO Michael Manahan announced company revenues for Q-1 2005 have equaled nearly 50% of the entire year 2004.
Reporting from the Chicago Mercantile Exchange, Brewer Investment Group principal Jack Bouroudjian discussed opportunities pending with triple expirations looming.
Viewers of MoneyTV can receive free information in the mail about featured companies by calling the toll-free phone number on their TV screen. The weekly television program debuted in 1996 and is broadcast nationally on Fridays at 11:00 PM PT, Saturdays at 9:30 AM ET , Sundays at 8:00 AM PT, 11:00 AM ET and Wednesdays at 7:00 PM ET.
MoneyTV is broadcast to 45 million TV homes in Western Europe, Wednesdays at 7:30 PM.
MoneyTV is also broadcast on NBC-TV in the Virgin Islands and Puerto Rico Saturdays at 8:00 AM.
A complete menu of TV listings is available at the MoneyTV web site, http://www.moneytv.net.
MoneyTV television program, Copyright MMV, all rights reserved. MoneyTV does not provide an analysis of companies' financial positions and is not soliciting to purchase or sell securities of the companies, nor are we offering a recommendation of featured companies or their stocks. Information discussed herein has been provided by the companies and should be verified independently with the companies and a securities analyst. MoneyTV provides companies a 3 to 4 month corporate profile with multiple appearances for a cash fee of $11,500.00 to $17,250.00, does not accept company stock as payment for services, does not hold any positions, options or warrants in featured companies. The information herein is not an endorsement by the producers, publisher or parent company of MoneyTV.
Donald Baillargeon
Executive Producer
MoneyTV
949-388-5267
LAFC/Dont know if you have read up on this global partner of ours but it is very interetsting...
http://www.lafcorp.com/
Got's one of those feelings somethings are about to break loose tomorrow..jmo.
I tried buying below the ask today, but no luck. Kept creeping my bid up higher toward the end of day and couldn't get one share. Don't know what that means. GLTA
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