Vision Works Media Group, Inc. VWKM) and wholly owned subsidiary New Screen Television, Inc. have announced that the company has exchanged contracts with a cable distributor to become New Screen TV's newest New Screen Films on Demand affiliate. The signing of the final contract is imminent and the name of the cable company is forthcoming upon completion of signed contracts. This newest affiliate, cable-company, is part of New Screen TV's targeted net subscriber base of 18 million households and $2 million in monthly revenues by yearend. The company has made DVDs of recently aired programming available by request at info@newscreen.tv. 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 TV AND RADIO SOURCE: Vision Works Media Group, Inc.
CONTACT INFORMATION: Vision Works Media Group, Inc., Ocala Naseem Shah, 407-401-8935 Fax: 407-843-5997 http://www.vswm.com
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