LOS ANGELES, Apr 24, 2000 (BUSINESS WIRE) -- Entertainment Boulevard Inc.
(OTCBB:EBLD), a leading provider of streaming entertainment-related media on the
Internet as well as comprehensive media encoding services, today announced its
board of directors, in a special meeting held on Friday, April 21, 2000, elected
two outside directors, Steve McKeag and Shelly Singhal, as board members.
McKeag is a management consultant specializing in advisory services to
emerging-growth companies from a wide range of industries.
Prior to forming his own consulting firm, McKeag was the CFO for Jenkon
International, where he was responsible for engineering a corporate growth
strategy, which resulted in a successful public offering. He is a Certified
Public Accountant and holds a J.D. degree from Loyola Law School.
Singhal is a managing director of corporate finance at Roth Capital Partners and
heads their E-Commerce Group. He has broad experience in corporate financing and
lending, including equity and debt offerings, mergers and acquisitions, and
capital restructuring.
Prior to investment banking, Singhal worked in lending at Foothill Capital and
at Heller Financial. He received his B.S. degree from Seaver College at
Pepperdine University.
"I am extremely pleased to announce these outside directors as board members,
not only for their important role in corporate governance but also for their
business and financial expertise in increasing shareholder equity," commented
Stephen Brown, Entertainment Boulevard Inc. chairman, president and CEO. "The
board will take active responsibility in guiding the company's growth into a
highly valued entity and premier entertainment and digital media company."
About Entertainment Boulevard Inc.
Entertainment Boulevard owns Vidnet.com (www.vidnet.com), which is a leading
provider of streaming entertainment-related media on the Internet, as well as a
comprehensive media encoding service provider. Among the firm's Web sites is one
of the most comprehensive interactive music video channels on the Web.
Vidnet's music site has rapidly become a premier music destination site on the
Internet. The firm's mandate of Internet global expansion includes not only
increasing the content base and broadening the network channels on the Vidnet
network, but also acting as a content aggregator to some of the largest
companies on the Web.
Based in Los Angeles, Vidnet continues to aggressively develop and implement
strategic alliances with key commerce and entertainment companies, broadening
its presence worldwide. Vidnet's encoding solutions division provides its range
of services to companies both large and small.
Forward-looking statements in this news release are made pursuant to the "Safe
Harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements involve risks and
uncertainties, including, without limitation, the continued popularity of the
company's Web sites and product orders stemming therefrom, increased levels of
competition, technological change, dependence upon third-party suppliers, and
other risks. |
