HMMM... MARK RAUSEO, OF "THE MONEY CIRCLE"
First Entertainment Holdings Discontinues Merger Discussions with BusyBox.
Business Wire, Dec 18, 2000
Business & Entertainment Editors/High-Tech Writers
HALLANDALE BEACH, Fla.--(BUSINESS WIRE)--Dec. 18, 2000
First Entertainment Holdings Corp. (OTCBB:FTET) (F2 Broadcast Inc, name change pending shareholder approval) announced today that it has discontinued any serious discussions with BusyBox (Nasdaq:BUSY) regarding a merger.
"After further due diligence, the board has determined that it would not be in the best interest of the shareholders to continue talks regarding a merger at this time," said Howard Stern, CEO of F2 Broadcast.
F2 Broadcast is quickly becoming one of the largest producers and aggregators of original audio and video Internet entertainment content. With relationships to provide Internet video production with PGATOUR, PGA of America, and QUOKKA.com.
First Entertainment Holding Corp. is a Multimedia Internet Entertainment Company with holdings in the areas of Comedy Clubs, Broadcast Radio, Internet Entertainment, Advertising and Marketing, and Rich Media Production utilizing Real Network's Media Tools.
Note: Certain statements herein that are not historical are forward-looking statements, which involve risks and uncertainties. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which the forward-looking statements are based are reasonable, it can give no assurances that such expectations and assumptions will prove to have been correct. See the Company's Annual Report on Form 10-KSB/A1 for the year ended December 31, 1999, for additional statements concerning important factors that could cause actual results to differ materially from the Company's expectations.
For Information, or a complete F2 Network Media Kit please contact: Mark Rauseo at The Money Circle, mrauseo@themoneycircle.com or rdrew@themoneycircle.com, 513/665-4707, Cincinnati, Ohio.
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