Monday July 13, 11:02 am Eastern Time
Company Press Release
American Interactive Media Engages Wasserstein Perella & Co. As Financial Advisor
NEW YORK--(BUSINESS WIRE)--July 13, 1998--American Interactive Media, Inc. (OTC BB: AIME; aime-inc.com), an innovative provider of
Internet services delivered to televisions and a developer of digital content and entertainment networks, announced today that it has engaged the investment banking
firm Wasserstein Perella & Co., Inc. to support it in developing, structuring, financing and completing transactions and/or acquisitions that complement or extend
AIME's existing base of Internet services and content offerings and serve to increase shareholder value.
Peter B. Yunich, Chairman and Chief Executive Officer of American Interactive Media, commented, ''We selected Wasserstein Perella for this important role based
on their tremendous base of relevant transactional experience and breadth of relationships, particularly in the media industries. The Wasserstein team has
demonstrated a strong understanding and appreciation for our strategic approach and objectives. We believe they can add tangible value to our efforts to pursue
innovative transactions that support our growth goals and add value for shareholders. We look forward to providing more information on these opportunities when
they have progressed to a definitive stage.''
American Interactive Media, Inc. (AIME) is dedicated to delivering proprietary, aggregated and licensed digital content and other Internet-based services.
WebFeat, Inc. is AIME's proprietary digital content production subsidiary. AIME's webPASSPORT Network provides easy-to-use, inexpensive Internet-access
and customized interactive services delivered to televisions. The webPASSPORT solution utilizes an Internet access device and browser as well as AIME's
proprietary content and back end software and infrastructure.
Tim |
