Dividend Part of Agreement for Evans Systems to Market and Sell Boondoggle Sports Network Internationally
GOLDEN, Colo., July 23, 2007 (PRIME NEWSWIRE) -- HumWare Media Corporation (Pink Sheets:HMWM) is pleased to announce that the Company will offer a dividend of restricted Evans Systems Inc. (Pink Sheets:EVSY) stock to its shareholders of record as of July 31, 2007. The Company is receiving the shares as payment for Evans Systems acquiring the rights to market and sell the Boondoggle Sports Network (BSN) outside of the U.S.
Evans Systems, Inc. has begun to market the BSN to a growing number of countries with increasingly large sports audiences. Evans Systems' initial focus has been on establishing a presence in the United Kingdom by signing a deal with Quizzing Ltd., the country's largest trivia provider. Over the last several years, interactive quiz games have increasingly become a direct competitor to the more traditional European pub games. Quizzing expects to launch a trial of BSN in the UK during the second half of this year.
"We feel this has been a great opportunity to expand the Boondoggle Sports Network to a much wider audience, and bring trivia games in the U.K. and Europe into the digital age. The acquisition of the international rights to the BSN has provided the Company with a way to give back to our shareholders," stated John Huemoeller, CEO of HumWare Media Corp.
HumWare Media Corp. shareholders of record, as of July 31, 2007, are expected to receive 1 share of restricted Evans Systems, Inc. stock for every 70 shares of HMWM they own as of the record date. HumWare Media Corp. shareholders will maintain their stock ownership of HMWM and, in addition, will receive shares of Evans Systems, Inc. Humware shareholders of record, as of July 31, 2007, must have at least 10,000 shares in HumWare Media Corp. to qualify. |
