Entertainment Boulevard Updates Shareholders
LOS ANGELES, March 9 /PRNewswire/ -- Entertainment Boulevard, Inc. (OTC Bulletin Board: EBLD), a leading provider
of streaming entertainment- related media on the Internet as well as comprehensive media encoding services, today announced
that beginning tomorrow, March 10, the company's stock ticker symbol will be amended with an 'E', to EBLDE.
Stephen Brown, CEO of Entertainment Boulevard, stated, "Pursuant to the process of becoming a fully-reporting company with
the Securities and Exchange Commission (SEC), the SEC requested that we provide a full audit for our year ended December
1999. This audit is now complete and under final review, and we intend to file the new registration statement with the SEC next
week."
Mr. Brown continued, "Although we cannot predict when we will achieve fully-reporting status, during this process we have
been working closely with the SEC and diligently responding to requests for information to facilitate the review process."
About Entertainment Boulevard
Entertainment Boulevard owns Vidnet (www.vidnet.com), which is a leading provider of streaming entertainment-related media
on the Internet, as well as a comprehensive media encoding service provider. Among the firm's Web sites is one of the most
comprehensive interactive music video channels on the Web. Vidnet's music site has rapidly become a premier music
destination site on the Internet. The firm's mandate of Internet global expansion includes not only increasing the content base
and broadening the network channels on the Vidnet network, but also acting as a content aggregator to some of the largest
companies on the Web. Based in Los Angeles, Vidnet continues to aggressively develop and implement strategic alliances with
key commerce and entertainment companies, broadening its presence worldwide. Vidnet's encoding solutions division provides
its range of services to companies both large and small.
Forward-looking statements in this press release are made pursuant to the "Safe Harbor" provisions of the Private Securities
Litigation Reform Act of 1995. Investors are cautioned that such forward looking statements involve risks and uncertainties,
including, without limitation, the continued popularity of the Company's Web sites and product orders stemming therefrom,
increased levels of competition, technological change, dependence upon third party suppliers, and other risks. |
