*** VWMG ***
Website: http://www.vwmg.net
Vision Works Media Group, Inc. Closing Date Set With Orlando Channel 29, Inc.
5/19/2005 8:48:01 AM
ORLANDO, Fla., May 19, 2005 (BUSINESS WIRE) -- Vision Works Media Group, Inc. (Pink Sheets:VWMG) announced today they have set a closing date for May 25, 2005. The due diligence has been completed to acquire Orlando Channel 29, Inc.
Orlando Channel 29, Inc. is a management company of terrestrial broadcasting. Orlando Channel 29, Inc. will have the responsibility and function to show the programming of Vision Works Media Group, Inc. Orlando Channel 29, Inc. will share the office of the parent company, Vision Works Media Group, Inc.
Matthew Clapp, is the president of Orlando Channel 29, Inc. The purchase price of the acquisition is shares of restricted stock of VWMG. Mr. Clapp said, "I look forward to joining the VWMG family and I see a tremendous future for the VWMG unique concept of films shown on television." The films range from but are not limited to feature length movies, shorts, comedies, documentaries and animations.
Mark Astrom, President of Vision Works Media Group, Inc. said: "In most cases these films have never been seen outside of film festivals or gallery exhibition. As part of the Vision Works Media Group, Inc. these films will reach large audiences. This relationship is a truly a symbiotic relationship and we are very glad to make it all possible."
Vision Works Media Group, Inc. has its office and film and production studio in Orlando, Florida. The address is 57 West Pine St, Orlando, Florida 32801. The office is 4100 sq ft and will serve the company as corporate offices. The location is one block from Church Street Station, a downtown Orlando tourist attraction, and picturesque site for filming.
The mission of Vision Works Media Group, Inc. is to expose the works of independent filmmakers and artists to the greatest number of viewers by taking New Screen TV to additional pay-TV distributors, cable.
FORWARD LOOKING STATEMENTS: This information includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel as related to the industry. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this issue.
SOURCE: Vision Works Media Group, Inc.
Vision Works Media Group, Inc., Orlando
Mark Astrom, 407-346-6717
Fax: 407-843-5997
http://www.vwmg.net
Copyright Business Wire 2005
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