New Screen TV Announces Double Play on Revenues, $8.3 Million With Revised 2006 Business Plan
Monday February 13, 8:56 am ET
ORLANDO, Fla.--(BUSINESS WIRE)--Feb. 13, 2006--Vision Works Media Group, Inc. (Pink Sheets:VWKM - News) and wholly owned subsidiary New Screen Television, Inc. have announced details on revenue projections and an improved revision to the company's business plan for 2006.
"Vision Works Media Group has positioned New Screen Television to derive revenues from both VOD (video on demand) and subscription fees. From Houston alone, the tenth largest US market, we anticipate long-term VOD revenues to exceed $800,000 monthly. This is in addition to our anticipated long-term revenues between $2,500,000-$7,500,000 monthly in subscription fees alone in one top ten market. With distribution via SES Americom's AMC-10 satellite, our goal of 50 million subscribing households and 100 top US markets is possible," said Mark Astrom, New Screen TV's President.
New Screen TV's General Manager, Rick Erikson added, "We are establishing a new operations center and company headquarters in a location that we have been negotiating to move into since last year. We could not be moving our organization to a more perfect place for a film-related enterprise."
The new location, which will be formally announced next week, will save the company over 60% annually in operating costs. "Our bottom line has now gone up about 35% against plan for 2006," Astrom added.
New Screen TV has been able to make the move after switching from a local-only broadcaster to a nationally distributed 'basic cable' channel in Q1 of this year. The channel's signal is distributed via the SES Americom AMC-10 satellite to cable, satellite and fiber-to-the-home systems around the U.S. New Screen TV is a 'basic channel' on these systems that is available to all subscribers.
Contact:
Vision Works Media Group, Inc., Orlando
Naseem Shah, 407-346-6717
Fax: 407-843-5997
vswm.com
Source: Vision Works Media Group, Inc. |
