Definition, LTD. Completes Acquisition of New Film
Library
LAS VEGAS--(BUSINESS WIRE)--Sept. 10, 1999--Donna Anderson, President and CEO of Definition, LTD. (NASD
BB:DFNL - news) is pleased to announce the acquisition of a new film library for $2.5 Mil in a combination of Preferred and
Common Stock.
It is expected that the library will be delivered to Definition, LTD. by September 22, 1999. Donna Anderson stated, ``This will
give Definition, LTD. an additional $2.5 Mil in bookable assets and contains 10 new films that are ready for immediate
distribution. It is projected that this new library will generate approximately $3 Mil in sales the first year and $20 Mil over the
next five years. This library will be a valuable asset that will compliment our current library of 2500 films and our joint venture
project of 150 films, which includes the Vincent Price series and the Sammy Davis, Jr. film, which was announced in previous
releases.'
Donna Anderson further stated, ``Earnings per share could approach $.28 in FY 2000. To bring the company in total
compliance with SEC filings, the 1998 10K was filed on August 16, 1999 and the 1st and 2nd Quarter 10Q's will be filed by
September 17, 1999.'
Forward Looking Statement:
Except for historical matter contained herein, the matters discussed in this press release are forward-looking statements and are
made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking
statements reflect assumptions and involve risks and uncertainties, which may affect The Company's business and prospects
and cause actual results to differ materially from these forward-looking statements.
Please check web-site thesubway for full info on DFNL.
Contact:
Definition, LTD., Las Vegas
Donna Anderson, 760/325-1919
or
Charles Kiefner, 888/345-6060 |
