Imagination TV Inc. (IMTV)

[riverview]

Materiality

The question here is was the contract material to the company.

Given that Mr. Steve indicated that the revenue per airport was over $192,000 and said amount was more than the annual revenues of the company.

Given that he spoke about a multitude of airports resulting in millions in revenues

Given that he was touting the deal on stock radio and the internet, the contract should have been filed with an 8K

The fact that Clearchannel did not think it is material to them is moot. It obviously had no impact on their operations or profitability.

The fact that their name and contact info is included in a free PR is moot.

The fact is that this contract should have been disclosed and filed given the fact it was used to promote the stock and the companys future prospects.

The fact is two years later there is no revenue proves that the contract wsa not everything it was claimed to be, that the revenues were not guaranteed and Mr. Scamblis only touted the positive aspects of the contract and not the potential for the contract to be worthless

Another venture and announcement for the public to consume, and not be advised when there is a change to same and is not working.

Quite frankly why we waste our time talking about a company that had a one for 30,000 reverse, wiped out most of its shareholders and continues to be able to sell its toxic debt to Asher and others and then have enough promotion for them to sell their converted shares in the market place is beyond me. Certainly those financings have not helped to build the company into anything of value