Point Group Holdings and Legend Mobile Establish Joint Venture
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FRANKLIN, KY AND ANN ARBOR, MI -- (MARKET WIRE) -- 01/20/04 -- Point Group Holdings, Incorporated (OTC BB: PGHI) and Legend Mobile (OTC BB: LGMB) today announced that they have reached a basic agreement that will create a joint venture between the two companies. The companies intend to collaborate on leveraging Legend Mobile's portfolio of entertainment relationships to develop and market Point Group's upcoming GameZnFlix.com online DVD and Game rental service. The aim of the joint venture is to contribute Legend's expertise in the areas of entertainment marketing, licensing and branding, mobile advertising and stored value programs to the launch of Point Group Holdings' new online movie and game rental service to be known as GameZnFlix.com. "I am excited to work with PGHI on this project. We look forward to contributing to the launch and success of this very competitive online rental service -- GameZnFlix.com," stated Peter Klamka, President of Legend Mobile. In addition to the marketing efforts and strategy by Legend Mobile, Point Group Holdings will extend a credit facility to Legend Mobile of Five Hundred Thousand Dollars and Mr. Klamka will also be joining Point Group Holdings' Advisory Board which will be established in February 2004. PGHI's CEO/President, John Fleming, stated, "We are fortunate to have the opportunity to work with Legend Mobile to bring GameZnFlix.com to the public, along with increasing our exposure of our online game rental company VeeGeeZ.com. The joint ventures we have planned will greatly assist our launch in February of GameZnFlix, as well as the future of both of the companies." Since its inception in 1998, Legend Mobile has developed a number of commercial opportunities for celebrity brands in various new and traditional media. Mobile has been a pioneer in creating branded mobile products such as PDAs and mobile applications and accessories. Legend's work was highlighted in the industry study: "DoCoMo -- The Wireless Tsunami." Through its subsidiary, Legend Credit, the company creates stored value products such as gift cards and reloadable debit cards. Legend has worked with a range of world recognized brands and personalities. In the past five years, Legend's work has included Claudia Schiffer, Christina Aguilera, Hilary Duff, NASCAR personalities, Disney Records, Nelly, and Mandy Moore. Additionally, Mr. Klamka has worked with Paramount Pictures, the rock group KISS, and major distributors in the pay-per-view television industry. Point Group Holdings, Incorporated is a holding company which, through its subsidiaries, provides management services to businesses that have an operating history or can substantiate future performance in their respective industries. The Company participates in companies in various fields of business by providing executive-level managerial assistance as well as arranging for and contributing capital investment. For more information, contact John Fleming, CEO, PGHI, at 001.270.598.0385 or e-mail ceo@pghi.biz or examine the following websites: Point Group Holdings, Incorporated: http://www.pghi.biz VeeGeeZ.com, LLC: http://www.veegeez.com Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to those, set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise. Contact: Point Group Holdings, Incorporated John Fleming 270.598.0385
Posts: 412 | From: Tucson, AZ USA | Registered: Dec 2003
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Buys are stacked up all over the flight deck at .050...Look at level 2!!!! Looks like another pop of this trendline especially with news expected any day now
Posts: 101 | From: Summit, NJ | Registered: Jan 2004
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Yes, only because I think anything under .06 is a great price. It's 50/50 chance the PPS could go up or down tomorrow, and the rest of the week. But NEWS and more is coming soon.
Posts: 171 | From: Juneau, AK, USA | Registered: Dec 2003
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