Repeat/ Entertech to Provide Infusion of Capital for Outwest
LOS ANGELES, CALIFORNIA--EnterTech Media Group, Inc. (OTC BB: TVCP - news) President Mark Tolner stated that the group will, upon completion of the proposed merger, inject into Outwest Entertainment, Inc. (OTC BB: OUTW - news) substantial cash and / or securities in addition to EnterTech's existing assets, business and corporate structure. On June 28, 1999, Outwest announced that a letter of intent had been signed to merge with EnterTech Media Group, Inc., a private Nevada - based group of companies specializing in entertainment and technology.
Mark Tolner and Outwest Chairman Ray Ruff anticipate that the merger will enable the enlarged group to compete more effectively across a much wider part of the entertainment spectrum and also will provide a strong financial base for growth.
EnterTech is a major shareholder in Talk Visual Corporation (OTC BB:TVCP - news; OTC BB: TVCP - news) a publicly-traded communications company that is assembling a Global Visual Telephone network in association with England's Cable and Wireless and Sweden's telecommunications giant, Telia. EnterTech has also recently formed a feature film distribution and production company with a projected $145 million film production fund. EnterTech has entered into agreements to acquire a number of complementary businesses including a unique film library and is planning for the streaming and downloading of feature films through the Internet.
Outwest Entertainment produces and distributes music for the Company's own label, distributes other artists on other labels, publishes music through two subsidiaries, Rufftor and Honcho, produces and distributes motion picture soundtracks, develops motion picture properties for production, and markets memorabilia relating to the entertainment industry. Outwest Entertainment, Inc. is headquartered at 648 N. St. Andrews Pl. Los Angeles, Ca. 90004. The telephone number is 323/860-0290 and the fax is 323/860-0295.
Statements made in this press release that state the company's or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements. It is important to note that the company's actual results could differ materially from those projected in such forward-looking statements. Information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in the company's filings with the U.S. Securities and Exchange Commission (SEC). Copies of these filings may be obtained by contacting the company or the SEC.
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Contact:
Outwest Entertainment, Inc
Patty Nichols
Investors and analysts
323-860-0290
or
Outwest Entertainment, Inc.
Ray Ruff
Reporters and editors
323-860-0290
or
EnterTech Media Group, Inc.
Mark Tolner
323-933-5459
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