Alternative Entertainment Inc., Virtual Internet Content Provider of Adult Entertainment, Approved for Trading by NASD
LA JOLLA, Calif., Oct. 6 /PRNewswire/ -- Alternative Entertainment, Inc. (OTC Bulletin Board: BOYS - news), a virtual Internet media company providing live video content from their planned upscale gentlemen's clubs, has announced today that they have been approved for trading by the NASD. An application for a Standard and Poor's listing has also been approved.
The Company anticipates completion of construction on its 15,000-sq. ft. upscale gentlemen's club in San Francisco by January 1999. Upon completion of the first club the Company will distribute live-streaming video content to more than 45,000 adult E-Commerce web sites. The Company's research has revealed that on-line adult services represent the single largest segment of Internet E-Commerce with over $1 Billion in yearly subscriber fees. Revenue for the Gentlemen's Club Industry across the U.S. exceeds $4 Billion dollars in sales per year.
The Company plans a national rollout of upscale gentlemen's clubs, ''BOYS TOYS'' in major cities across the U.S., catering to businessmen and professionals, ages 24 to 65. Each facility will provide private club amenities for their members that will include a ''Board Room'' restaurant with full menu, limousine services, an office center, and a fully stocked cigar bar and wine room. Live broadcasts of the exotic dance entertainers at each club will provide a portion of the video content for the adult Internet web sites.
''Safe Harbor'' statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding the expansion of the Company's operation are forward-looking statements. Words such as ''expects,'' ''intends,'' ''believes,'' ''anticipates,'' and ''likely,'' also identify forward- looking statements. Actual results may differ from such forward-looking statements as a result of a number of factors, including but not limited to, continued acceptance of the Company's products or services, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights and other risks detailed in the periodic reports filed by the Company with the Securities and Exchange Commission.
SOURCE: Alternative Entertainment, Inc.
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