Vision Works Media Group, Inc. VWKM) and wholly owned subsidiary New Screen TV, Inc., the new independent film-dedicated TV channel, have announced a signed agreement with Auroras TV for distribution of the New Screen Films on Demand Channel in all Auroras TV markets. (Pink Sheets: Mark Astrom, New Screen TV's President said, "We anticipate that this VOD contract can provide $800,000 in monthly revenue to Vision Works Media Group in addition to the $1.6 million from existing VOD contracts, based on existing industry trends in the cable, satellite, and fiber-to-the-home markets." New Screen TV's, New Screen Films on Demand now has Video On Demand (VOD) distribution contracts with Auroras TV, Eagle Broadband, and Optical Entertainment Network. New Screen TV's affiliates are in or will be in the following markets in the coming months and this summer: California, Texas, Florida, Montana, Iowa, Minnesota and Arizona. New Screen TV is now available to any and all satellite, cable and fiber-to-the-home system operators in the U.S. New affiliates will join Optical Entertainment Network, Auroras TV, and Eagle Broadband as a part of New Screen TV's growing roster of affiliates. Distribution of New Screen TV is via the SES-Americom AMC-10 satellite. New Screen TV is the first truly independent film channel that programs independent movies, documentaries, specials, series, concerts, music videos and productions.
Company reiterates to its shareholders: "Company policy is no reverse stock splits."
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 CONTRACT/AGREEMENT 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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