Vision Works Media Group, Inc. VWKM) and wholly owned subsidiary New Screen Television, Inc. have announced that the company has exchanged additional contracts with a cable distributor to become New Screen TV's newest New Screen Films on Demand affiliate. Today's announcement is a new announcement and in addition to this week's earlier announcement that Eagle Broadband will be delivering the New Screen TV Channel and the New Screen Films on Demand Channel to their entire subscriber base. "Video on demand is a billion dollar a year industry and Vision Works Media Group will continue working to make New Screen Films on Demand available in every market New Screen TV enters. Each VOD market can provide $800,000 in monthly revenue to Vision Works Media Group, based on existing industry trends in the cable, satellite, and fiber-to-the-home markets," said Mark Astrom, New Screen TV's President. Company reiterates to its shareholders: "company policy is no reverse stock splits." 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 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 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.
KEYWORD: NORTH AMERICA FLORIDA UNITED STATES INDUSTRY KEYWORD: ENTERTAINMENT MOTION PICTURES TV AND RADIO SOURCE: Vision Works Media Group, Inc.
CONTACT INFORMATION: Vision Works Media Group, Inc., Ocala Naseem Shah, 407-346-6717 Fax: 407-843-5997 http://www.vswm.com
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