DFNL - NEWS OUT!
Tuesday March 10, 10:13 am Eastern Time
Company Press Release
SOURCE: Definition LTD.
Definition, LTD. Announces Home Video Distribution
Contract
LAKE PARK, Fla., March 10 /PRNewswire/ -- Definition, LTD. (OTC Bulletin Board: DFNL -
news) is pleased to announce that Blue Sage Entertainment, a wholly owned subsidiary of
Definition, LTD., has signed a five year contract with Monument Entertainment to distribute a
portion of their video library.
Monument Entertainment's President, Verne Nobles, states that he expects to use about 150 titles
this year from The Blue Sage Entertainment Library. An initial order of twelve titles are scheduled
for release at the end of March 1998. Titles will be in three-pack configuration with a suggested
selling price of $39.95. Initial projections are sales of 50,000 on each piece, generating $150,000
per month in cash flow within 90 days.
Monument Entertainment has placed an order for an additional thirty-two titles for release over the
next 60 days. A total of 150 titles are expected to be released during the first year and Monument
Entertainment expects first year sales to reach in excess of $2,000,000.
SOURCE: Definition LTD. |
