HMCP (.05) Heritage Media Corporation to Extend It's Reach to India
Thursday, June 05 2008 2:37 PM, EST
Business Wire "US Press Releases "
CALGARY --(BUSINESS WIRE)--
Heritage Media Corp. (PINK SHEETS:HMCP), through its the wholly owned subsidiary Screen Giant Media Corp. , has entered into a Memorandum of Understanding with a private company in India to secure up to 1000 optimum and lucrative locations for LED Billboard placements throughout India .
Screen Giant will be in the enviable position to generate significant revenues through selling advertising on its digital LED full motion Billboards. The advertising revenue generated on a per annum basis for each location will quickly render the initial capital cost invested insignificant.
"We are pleased to be working with our media specialist partners in India on this project. The burgeoning economic market conditions in all regions of India will help to maximize the international prominence of Screen Giant as a leader in the multimedia industry," said John Manolescu, President and CEO of Heritage Media Corporation .
About Heritage Media & Screen Giant
Heritage Media Corporation , through its subsidiary Screen Giant Media Corporation , engages in the strategic placement of large, computer-controlled, multimedia video billboards and the subsequent management of all programming content. Established in 2003, Screen Giant has positioned itself to be an industry leader in outdoor digital advertising and promotions. Discover more about this innovative company at www.screengiant.com.
Heritage Media Corporation currently has 33 million shares issued and outstanding.
Source: Heritage Media Corp.
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