posted
Vision Works Media Group Inc. Adds Third Affiliate, Monthly Projected Revenues $2.6 Million via COMTEX
March 8, 2006
OCALA, Fla., Mar 08, 2006 (BUSINESS WIRE) --
Vision Works Media Group, Inc. (Pink Sheets:VWKM) and wholly owned subsidiary New Screen Television, Inc. have announced that the company has exchanged contracts with a cable distributor to become New Screen TV's third affiliate. The name of the cable company is forthcoming upon completion of signed contracts.
This new affiliate, cable-company, is part of New Screen TV's targeted net subscriber base of 18 million households and $1.8 million in monthly revenues by year-end. The cable-company also has an interest in New Screen TV's (VOD) video on demand channel, New Screen Films on Demand, estimated at an additional $800,000 in monthly revenues per market. Mark Astrom, New Screen TV's President, said, "This new affiliate is in addition to Monday's announcement with Auroras TV, our second affiliate. We will continue to diligently pursue new markets in the weeks ahead and will look forward to the national launch of New Screen TV in April."
New Screen TV has been able to make the move after switching from a local-only broadcaster to a nationally distributed 'basic cable' channel in Q1 of this year. The channel's signal is distributed via the SES Americom AMC-10 satellite to cable, satellite and fiber-to-the-home systems around the U.S. New Screen TV is a 'basic channel' on these systems that is available to all subscribers.
his 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.
SOURCE: Vision Works Media Group, Inc.
Vision Works Media Group, Inc., Ocala Naseem Shah, 407-346-6717 or Fax 407-843-5997 http://www.vswm.com
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Sooner or later this company will be making some big money. Can't happen overnight but it is good to see that they are at least signing deals to distribute their channel. That's obviously the first step. I think its just matter of time before they start posting some revenues, small at first but quickly gaining momentum. I'm just gonna leave this one alone until they reach their goal of 2.6 mill a month and see what happens. Could be a year or more, but i see a lot of upside potential here. GLTA.
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It might be awhile, but I can realistically imagine this at that price if they do the deals the way they want them to go down. It seems like there's crappier stuff doing well in PPS.IMO. As soon as these guys get out of dream land into $$$ land it should pick up. Sounds good on paper.
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quote:Originally posted by DIGDOUGH: Does it seem suspicious that every time this has news it upticks a notch then goes down lower than it was before.
Sure does, good news moved it down essentially one time when I was in it (at .0003). Then people were buying it at .0002 and even a few got shares at .0001!
-------------------- Well done is better than well said. Ben Franklin
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quote:Originally posted by logical buyer: A lot of accumalating this week. Volume was higher than normal. Need some real contract news instead of fluff PR.
Vision Works Media Group Inc. & Wholly Owned Subsidiary New Screen TV(TM) Add Auroras TV to Distribution Roster With Long-Term Contract Vision Works Media Group, Inc. (Pink Sheets:VWKM) and wholly owned subsidiary New Screen TV, Inc., the new independent film-dedicated TV channel, have announced an agreement with Auroras Entertainment LLC for transport and distribution of New Screen TV by Auroras TV. This supports the previously stated goal of reaching 18 million households and generating a monthly $1.8 million, from subscriber fees alone, by year end.
-------------------- Buy when blood runs in the streets
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Fishfarmer, it was that post that heated up the accumalating. This stock doesn't react by going higher with these basic PR releases, like a lot of other micros do. It is going to take big locked in contracts to finally move this stock off of .0002/.0003 area. Been holding 3 million of this for months. Go VWKM!
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Vision Works Media Group Inc. Negotiates Fourth Affiliate, Additional Monthly Projected Revenues $1.1 Million Business Wire - March 13, 2006 09:00
OCALA, Fla., Mar 13, 2006 (BUSINESS WIRE) -- Vision Works Media Group, Inc. (Pink Sheets:VWKM) and wholly owned subsidiary New Screen Television, Inc. have announced that the company has exchanged contracts with a cable distributor to become New Screen TV's fourth affiliate. The name of the cable company is forthcoming upon completion of signed contracts.
Mark Astrom, New Screen TV's President, said, "Today's announcement means we are now exchanging contracts with two potential affiliates. The new affiliates would be added to our list of affiliates which include Optical Entertainment Network and Auroras TV." Astrom added, "The affiliate response to New Screen TV's availability as a new channel has been nothing short of exceptional."
This new affiliate, cable-company, is part of New Screen TV's targeted net subscriber base of 18 million households and $1.8 million in monthly revenues by yearend. The cable-company also has an interest in New Screen TV's (VOD) video on demand channel, New Screen Films on Demand, estimated at an additional $800,000 in monthly revenues per market.
New Screen TV has been able to make the move after switching from a local-only broadcaster to a nationally distributed 'basic cable' channel in Q1 of this year. The channel's signal is distributed via the SES Americom AMC-10 satellite to cable, satellite and fiber-to-the-home systems around the U.S. New Screen TV is a 'basic channel' on these systems that is available to all subscribers.
his 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.
SOURCE: Vision Works Media Group, Inc.
Vision Works Media Group, Inc., Ocala Naseem Shah, 407-346-6717 or Fax 407-843-5997 http://www.vswm.com
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