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Revision History For: PMGIF - Creating Internet Site for SPICE Channel (PLAYBOY)

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Return to PMGIF - Creating Internet Site for SPICE Channel (PLAYBOY)

Princeton Media Group (ticker: PMGIF) has acquired exclusive U.S. rights from adult movie channel company Spice Entertainment (which is owned by Playboy) to create an Internet site.

Adult entertainment Internet sites are huge and extremely profitable.

With this name recognition, a million hits per day are expected.

The Spice deal has been confirmed in "The Industry Standard; The Newsmagazine for the Internet Economy" which can be found at:

209.1.23.84

Here is some brief info about the company.

Princeton Media Group, Inc. (OTCBB: PMGIF)
214 Brazilian Ave. Suite 300
Palm Beach, FL 33480
(561) 659-0121

Shares Outstanding: 4,178,722
Float: 3.5 million
SEC Fully Reporting
52 Week High: $3.25

Princeton Media Group (PMGIF), through its subsidiaries, publishes adult, lifestyle, sports and entertainment magazines. Probably the best known is OUI magazine.

In recent years magazine sales have dropped off, and not made a profit. Consequently, PMGIF got rid of those unprofitable subsidiaries by voluntarily turning them over to creditors WITHOUT filing bankruptcy. This explains the current low stock price.

PMGIF has been looking for an Internet acquisition and now they have exclusive U.S. rights for the SPICE Channel's Internet site.

With this key acquisition and adult entertainment's huge Internet revenues, PMGIF's stock price should be heading back up towards its 52 week high. This could be big.