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Vision Works Media Group, Inc. Announces 15% Stock Dividend 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 a 15 percent stock dividend to shareholders of record on June 1, 2006.
Shareholders of record on June 1, 2006 will be issued 1.5 million shares of VWKM stock for each 10 Million shares that are owned on June 1, 2006. Company policy is no reverse stock splits. This action is being done to reward shareholders for their loyal following of the company. New Screen TV's focus is on signing affiliates to the company's Television basic cable service and Video On Demand. New Screen TV has contracts to be available in Texas, Florida, Montana, Minnesota, Iowa and Arizona. Distribution of New Screen TV is via the SES-Americom AMC-10 satellite.
New Screen TV is the first truly independent film channel that programs independent movies, documentaries, specials, series, concerts, music videos and productions.
This 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.
Vision Works Media Group, Inc. Naseem Shah, 407-401-8935 Fax: 407-843-5997 http://www.vswm.com
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