DFNL
209.67.221.61
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
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