NEWS
Thursday July 15, 09:07 AM Eastern time
Company Press Release
SOURCE:Nightwing Entertainment Group, Inc.
Nightwing Entertainment Enters into Agreement to Acquire 80% of JJS Development, Inc.; First Feature Film to Star WWF Wrestler Paul Wight
ORLANDO, Fla., July 15 /PRNewswire/ -- Nightwing Entertainment Group, Inc. (OTC Bulletin Board: NIGI) announced today that it has entered into a definitive agreement to purchase 80 of the common shares of JJS Development, Inc. (JJS) a newly formed, Florida-based film production company from Jesco Trust and James Strauser. JJS will function as a division of the Nightwing Film Group, Inc., a wholly owned subsidiary of Nightwing Entertainment Group, Inc.
James Strauser has an extensive background in wrestling entertainment and manages 10 professional wrestlers through his company Big Man Management. Jesco Trust and James Strauser will offer a new venue in which wrestling fans may enjoy their favorite wrestlers. Jim Strauser was quoted as saying, "We want to offer wrestling fans the opportunity to see their favorite wrestlers outside of the ring. It gives the fans a better sense of the wrestlers as people. The film venue offers the wrestlers a new way to expand their theatrical talents while providing fans with a more exciting overall entertainment experience."
JJS' first feature film is currently in pre-production. A letter of intent for a starring role has been signed by 7 foot 1 inch, 460 pound WWF sensation, Paul "The Big Show" Wight (formerly known as "The Giant" while with the WCW). Wight has already begun to build a screen presence with roles in feature films such as Liar, Liar with Jim Carey released by Universal Studios in 1996 and as Captain Insano in the Henry Winkler-directed hit Waterboy, starring Adam Sandler, a 1998 Touchstone Pictures release. The JJS film will be Wight's first starring role and will feature a number of other WCW and WWF wrestlers. The film's executive producer, and president/CEO of Nightwing Entertainment Group, Inc., Philip Cohen stated, "It is likely that our film will primarily be shot in West Florida locations. We have already met with representatives at Universal Studios, Orlando for additional locations in their facilities. The film is expected to be ready for release next year."
Nightwing Entertainment Group, Inc., an entertainment and multimedia company, is currently in production at Ex'pression Center for New Media in Emeryville, California on the children's sports show, UltiSports. Nightwing also recently announced the acquisition of 80 of Sirius Entertainment, Inc., whose primary business is to develop and package feature films for independent production. Along with these business enterprises, Nightwing owns an 80 interest in I-Zone, Inc. a company formed to design, own and operate high-tech/interactive multimedia location-based entertainment facilities.
The Company, which is presently not a "reporting" company, intends to bring all its filing current with the Securities and Exchange Commission as soon as practicable following the completion of the Company's audited financials.
The reader is advised that this release contains forward-looking statements of the company and that a variety of factors could cause the company's actual results and experience to differ materially from the anticipated results of their expectations expressed. Additional information regarding those factors is available upon request.
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Contact:
John Kulina of Nightwing Entertainment, 888-858-5506
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