THE ENTERTAINMENT INTERNET INC - Elects Michael Zwebner To Board of Directors [129]
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The Entertainment Internet, Inc. (TEI) confirmed the election of
Michael J. Zwebner to its Board of Directors.
Zwebner currently serves as the Chairman of the Board of Directors of
Talk Visual Corporation (OTCBB:TVCP) and earlier offered to assist TEI in
furthering the turnaround plan undertaken last year.
TEI Co-chairman Mohamed Hadid said, "Election of Mr. Zwebner represents
another step forward in the restructuring of the Corporation's business
plans."
Prior to his election, Zwebner conducted due diligence inquiries that
included review of the corporation's capital structure, prior transactions,
current commitments, and interviews with subsidiary corporation staff.
Throughout the due diligence process, Zwebner retained his belief that TEI
has not yet realized more than a fraction of its potential and that he
could assist in moving TEI toward its profit-making goals.
TEI Chief Operating Officer Jeremy Schuster said, "Mr. Zwebner
understands the roles of e-commerce and strategic relationships in our new
business model; his years of marketing experience can only complement the
initiative we undertook last July. The Board welcomes Mr. Zwebner and looks
forward to his continued involvement."
Currently, TEI's subsidiary operates the Castnet.com(TM) electronic
communities that help actors, casting directors and talent agents
electronically communicate with each other and receive instant responses to
specialized data searches. TEI's Castnet.com(TM) systems provide users with
access to a sophisticated virtual private network that offers security,
performance and reliability matched to the needs of the entertainment
industry.
TEI's database resources and Castnet.com(TM) services are used by more
than 300 casting directors, 185 guild franchised agencies and 32,000 actors
across the United States, with additional subscribers being added daily.
The Castnet.com sites have the approval of the Producers Guild of America.
Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995: This release contains forward-looking statements involving
risks and uncertainties that may cause actual future events or results to
differ materially and adversely from those described in the forward-looking
statements. Important factors that may cause such a difference for The
Entertainment Internet Inc. include, but are not limited to, risks of
delays in preparation and introduction of new services; dependence on
outside and third-party service providers, consultants and attorneys;
dependence on third-party software developers for a significant portion of
new products and services; risks of rapid technological change and platform
change; intense competition; risks of product defects; dependence upon
licenses from third parties; risks associated with present and future
capital requirements; dependence upon key personnel and risks associated
with domestic business, intellectual property disputes and other factors
discussed in the company's filings from time to time with the Securities
and Exchange Commission. The Entertainment Internet Inc. disclaims any
obligation to revise or update any forward-looking statement that may be
made from time to time by it or on its behalf.
TEL: 323/857-9820 (Investor Relations) Elizabeth Cantu,
The Entertainment Internet, Inc.
Email: info@eini.net |
