ActionView International, Inc. Posts September 30, 2010 Financial Statements; Comments on Future Growth
Nov. 29, 2010 (GlobeNewswire) --
DANVILLE, Calif., Nov. 29, 2010 (GLOBE NEWSWIRE) -- ActionView International, Inc. (Pink Sheets:AVEW) today announced that it has posted its financial statements for the quarter ended September 30, 2010 and discussed recent activities related to its subsidiary.
Joe Wooten, Executive Director of ActionView's wholly-owned subsidiary, MatchFights LLC, said, "We held two events during the quarter, the second of which was a pro-am event that was designed to test the market for a lower production cost event. In addition, we consciously did not broadcast either of these events for viewer consumption since we were testing different technical solutions in an effort to maximize the visual quality within budget constraints. As a result, our gross revenues were impacted. As we continue to implement the different aspects of our business model, we are confident that revenues will increase accordingly."
In commenting on the future of MatchFights, Mr. Wooten said, "The development our Fight TV product remains a top priority. We are excited to have recently completed successful live broadcasts featuring two different technologies—one that is designed to provide free content to viewers, and one that is a true television quality experience. We are committed to being the first company to consistently stream television quality live events over the Internet, giving our fans an unparalleled visual experience. In addition, we continue working to provide a fully functioning social network dedicated to the mixed martial arts community. We have listened to the patient comments of our early adapters and are working to make the changes necessary to ensure that wcfc.com is the first and best place for fight fans to go to find the latest news, interact with fighters and other fans, and watch the highest quality live and archived mixed martial arts events."
Shareholders and anyone interested in monitoring the progress of the company are encouraged to subscribe to the electronic mailing list by forwarding their email address to investors@actionviewint.com.
About ActionView International, Inc.
ActionView International, its wholly owned MatchFights, LLC subsidiary and the World Championship Full Contact brand deliver exciting, live, pay-per-view events in an interactive venue over the Internet to a global audience. For additional information about MatchFights and its World Championship Full Contact brand, please visit www.wcfc.com and join the world's premier fight-based network.
CONTACT: ActionView International, Inc.
Shareholder Relations
1-800-480-2690
investors@actionviewint.com
Source: Globe Newswire (November 29, 2010 - 8:45 AM EST)
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