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VWMG -- Vision Works Media Group, Inc. Com ($0.001)
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Vision Works Media Group, Inc. Acquires Orlando Channel 29, Inc.
Vision Works Media Group, Inc. (Pink Sheets:VWMG) announced today they have acquired Orlando Channel 29, Inc. Orlando Channel 29, Inc. is a management company with terrestrial broadcasting operations. Orlando Channel 29, Inc. will be the broadcast platform to show the programming of Vision Works Media Group, Inc.
Matthew Clapp, has been appointed as the president of Orlando Channel 29, Inc. The purchase price of the acquisition was shares of restricted stock of VWMG. Mr. Clapp said, "VWMG is a tremendous company with unlimited opportunities, and I believe its wholly owned subsidiary, New Screen Television, is about to make television history. Its programming will make watching films on TV fun and cutting edge again. I'm thrilled that Channel 29 can bring New Screen TV to the Orlando market." New Screen TV's independent films range from feature length movies to shorts, comedies, documentaries and animations.
Mark Astrom, President of Vision Works Media Group, Inc. said, "Channel 29 is an important part of VWMG's local broadcasting plans, and will continue to be when the service begins dual-casting New Screen Television to pay-TV distributors." New Screen Television is developing pay-TV distribution in addition to its terrestrial signal broadcast in Orlando. The company will be putting out two signals, each with different advertising packages, similar to WGN in Chicago.
Vision Works Media Group, Inc. has its offices and film and production studio in Orlando, Florida. The address is 57 West Pine St, Orlando, Florida, 32801. The company is located one block from Church Street Station, a downtown Orlando tourist attraction and popular and picturesque site for filming.
The mission of Vision Works Media Group, Inc. is to promote and expose the works of independent filmmakers and artists to the greatest number of viewers by taking New Screen TV to additional pay-TV distributors.
Forward-Looking Statements: This information includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to mange growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel as related to the industry. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this issue.
SOURCE: Vision Works Media Group, Inc.
CONTACT: Vision Works Media Group, Inc., Orlando Mark Astrom, 407-346-6717 Fax 407-843-5997 http://www.vwmg.net
Copyright Business Wire 2005
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KEYWORD: United States North America Florida INDUSTRY KEYWORD: Entertainment Motion Pictures TV and Radio Other Entertainment SUBJECT CODE: Merger/Acquisition
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