Entertainment Boulevard and EnterTech Media Group Enter Into a Content Creation and Partnership Agreement
LOS ANGELES--(BUSINESS WIRE)--May 10, 2000--Entertainment Boulevard Inc. (OTCBB:EBLD), one of the leading providers of streaming entertainment-related media over the Internet, today announced an agreement with EnterTech Media Group, a film production and technology company based in Los Angeles, that specializes in utilizing the latest technology and techniques in the creation and distribution of content.
Under the agreement, EnterTech and Entertainment Boulevard's CGI subsidiary, Digital Muse, will collaborate to provide original and creatively cutting-edge programming for the Internet and telephone-based technologies. It is also anticipated by the partners that the programming will be released theatrically by EnterTech and sold on DVD and Video.
It is intended to expand Entertainment Boulevard's Vidnet.com (http://www.vidnet.com) and EnterTech's Web sites to include areas devoted to original and re-purposed 3D content as well as specific genres of entertainment, including Science Fiction and children's programming.
EnterTech is the new company of producer John Daly. Daly's successes include his former production and distribution company's achieving 21 Oscars and unprecedented back-to-back "Best Picture" awards for "Platoon" and "The Last Emperor."
"Following our recently announced partnership and share exchange with Talk Visual (OTCBB:TVCP), this is our second major strategic move in as many months," stated Daly.
Vidnet and EnterTech, along with EnterTech's technology partners Talk Visual and Pedagog Systems of the United Kingdom, will exhibit Talk Visual's recently launched TV225 videophone and Pedagog's "Video over the Cellular Network" technology at the Cannes Film Festival May 10 through May 21, 2000.
By employing these technologies, Vidnet will be able to offer its content to visitors to their site who are on the move or have a Video telephone on their desk.
Talk Visual, Pedagog and EnterTech recently agreed to deliver a broad selection of news, weather, movies, music, video and live interactive entertainment over ISDN and DSL telephone lines to TV225 videophone owners in their homes, businesses and public locations worldwide as well as via cellular telephones to users of Windows CE platform PDAs such as Microsoft's recently announced Pocket PC.
"We're extremely excited at the creative direction our original programming business can now take," said Stephen Brown, Vidnet's chief executive officer.
"This relationship has the potential to allow us to rapidly develop not only the amount and variety of original content that we can provide to our visitors, but also allow them to have access to our site in fundamentally new ways. Furthermore, we and EnterTech intend to work closely together to seek out other synergistic alliances and acquisitions."
EnterTech's president and CEO, Mark Tolner, stated: "I believe that the widely discussed convergence of technologies has taken a further, significant step forward with this agreement and that the concept of incorporation of content into the business models of communications providers such as those of our partners Talk Visual and Pedagog is not only sound but fundamentally important if the consumer is to be provided with the finest possible entertainment seamlessly and conveniently."
About Vidnet
Vidnet.com, www.vidnet.com, is a division of Entertainment Boulevard. Vidnet is one of the leading providers of streaming entertainment-related media on the Internet. 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.
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 there from, increased levels of competition, technological change, dependence upon third-party suppliers, and other risks.
CONTACT: People's Revolution (for Vidnet)
Jennifer Gross, 323/658-8700
jenngross@aol.com
or
Silverman Heller
Dan Matsui, 310/208-2550
dmatsui@sha-ir.com
or
EnterTech
Mark Tolner, 323/930-2888 (Los Angeles Office)
011 334 9343 2621 (in Cannes)
mtolner@entertechmedia.com
or
Talk Visual
Janeth Iglesias-Vega, 305/572-0575
info@talkvisual.com |
