(BSNS WIRE) PayForView.com Clears SEC Comments and Expects Re-Listing On th
PayForView.com Clears SEC Comments and Expects Re-Listing On the OTC Bulletin
Board; Company Forges Ahead with Strategic Objectives
Business Editors
NEW YORK--(BUSINESS WIRE)--Nov. 1, 2000--PayForView.com (PAYV), an
entertainment destination site featuring streaming media, today
announced that the Company has cleared comments from the Securities
and Exchange Commission (SEC), and is immediately eligible to be
re-listed on the OTC Bulletin Board.
It takes about seven days for the NASD to review and approve the
re-listing. While the company's common stock will began trading on the
OTC BB immediately upon reinstatement, it is expected to take several
more days after the re-listing for the company's stock to be reflected
on all electronic trading websites. Under recent regulations, the NASD
requires all OTC BB-traded companies to be fully reporting under the
Securities Exchange Act of 1934. The Company's recently filed 8-K and
subsequent amendments establish a public file containing pertinent
financial and other information on the Company. The Company is
reporting its financial and other information in periodic filings such
as the quarterly Form 10-Q and the annual Form 10-K, and will in
addition report current developments on additional Form 8-Ks whenever
appropriate to announce material changes. Mr. Marc Pitcher, President,
commented, "We are extremely pleased that the Company will soon be
re-listed on the OTC Bulletin Board. We continue to forge ahead with
our objectives which include aggressive acquisitions, joint ventures
and strategic alliances that work synergistically with the Company's
business model."
"With shareholder value at the forefront of our decisions and
goals, we are focused on implementing strategies to capture a
substantial share of the explosive entertainment and streaming media
industries," Pitcher concluded.
PayForView.com is an integrated on-line and off-line entertainment
company that distributes movies, music, sports and live events direct
to viewers on a pay-for-view, retail and e-commerce basis. The company
has distributed several pay-for-view events and is in the process of
acquiring additional content and creating programming for broadcast
specifically over the Internet and traditional media. Additionally,
the company owns several off-line interests. Turn-Key Entertainment is
building an online, pay-per-view industry product that is synergistic
with the company's core business. Voyager International Entertainment
is currently packaging several motion picture projects for production.
Voyager Film Sales is the company's foreign sales division for these
projects. Rap and hip-hop music label, Street Solid Records, is
distributed through K-Tel Distribution (NASD:KTEL).
Certain information included in this communication (as well as
information included in oral statements or other written statements
made or to be made by PayForView) contains statements that are forward
looking, such as statements relating to the future anticipated
direction of the Internet industry, plans for future expansion,
various business development activities, planned capital expenditures,
future funding resources, anticipated sales growth and potential
contracts. These forward-looking statements are subject to a number of
known and unknown risks and uncertainties that could cause actual
operations or results to differ materially from those anticipated.
--30--sdg/ny*
CONTACT: PayForView.com, New York
Corporate Communications
1-800-286-7912
Fax: 212-605-0151
invest@payforview.com
payforview.com
or
DeMonte Associates
Cynthia DeMonte or Gail Johnson
212-473-3700
cdemonte@demonte.com
gjohnson@demonte.com
KEYWORD: NEW YORK
INDUSTRY KEYWORD: INTERNET ENTERTAINMENT E-COMMERCE
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