JNNE news out ! *********Monday August 3, 9:29 am Eastern Time
Company Press Release
Jones Naughton On Schedule to File Form 10 With the SEC and Become Fully
Reporting by the End of the Third Quarter 1998
LOS ANGELES--(BUSINESS WIRE)--Aug. 31, 1998--Jones Naughton
Entertainment announced today that its outside auditing firm, Schumaker
and Associates is on schedule to complete its audit of Jones Naughton.
By the end of the third quarter 1998 JNNE intends to file a Form 10 with
the SEC and become fully reporting.
''Becoming a fully reporting company is a significant step forward for
Jones Naughton,'' stated Joe Naughton, chairman of JNNE. ''As a signal
to our shareholders and the marketplace of public companies, the status
of fully reporting should provide a high level of confidence in the
future potential of our company,'' concluded Naughton.
In other developments, the company announced that Jeff Stroud has joined
JNNE to assist in investor relations and corporate communications.
Stroud has many years of experience in dealing with public companies and
is a welcome addition to the team. He can be reached at 303/470-7056.
This press release contains forward-looking statements which are made
pursuant to the safe-harbor provisions of the Private Securities
Litigation Reform Act of 1995. An expression of future goals and similar
expressions reflecting something other than historical fact involve a
number of risks and uncertainties, including timely development and
market acceptance of certain products and services. The actual results
the company achieves may differ materially from any forward-looking
statements due to such risks and uncertainties.
About the Company
Jones Naughton Entertainment (OTCBB:JNNE - news), through its Affiliated
Marketing Services subsidiary and AMS' Community Marquee Division,
provides multi-media publishing, advertising and media buying services.
Community Marquee also operates audio visual information systems,
custom-designed to provide free, instant and site-specific information
for advertising goods and services in a variety of community forums.
Current subscribers include the U.S. Army, Enterprise Car Rental, Great
Western Savings, Manpower Inc. (NYSE:MAN - news), Round Table Pizza and
many others. Planned growth for AMS Inc. is through acquisition of
small, specialized marketing companies in targeted markets nationwide.
Additionally, Jones Naughton receives royalty income from a joint
venture agreement with Royal West Sales.
24-Hour automated shareholder information: phone 888/209-7223.
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Contact:
Jones Naughton Entertainment Inc.
Patrick M. Rost, 888/847-5663 ext. 13
Joseph Naughton, 714/736-0988
www.jnne.com
or
Affiliated Marketing Services Inc.
Paul Hentschl, 619/259-1808 ext. 15
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