Monday August 31, 5:15 pm Eastern Time
Company Press Release
Entertainment Programming Pioneer Mark Graff Named CEO of American
Interactive Media
James Stokes Hatch Named COO
NEW YORK--(BUSINESS WIRE)--Aug. 31, 1998-- American Interactive Media, Inc. (OTC BB: AIME - news; aime-inc.com), developer of the
webPASSPORT Network, an innovative Internet and telephony service delivered to televisions, and a developer of digital content and entertainment networks,
announced today that AIME President and Director Mark Graff, founder of Graff Pay-Per-View Inc. (GPPV) and a pioneer in creating networks and programming
for new distribution platforms, has been named Chief Executive Officer of American Interactive Media. Mr. Graff assumes the position of CEO from Peter B. Yunich
who has resigned as Chairman and Chief Executive Officer to spend more time with his family and pursue other interests. The position of Chairman of the Board will
remain vacant on an interim basis. In addition, James Stokes Hatch, Executive Vice President of AIME, has assumed the title of Chief Operating Officer, a new
position at the Company. Mr. Yunich's departure reduces the size of AIME's Board of Directors to three members.
Mr. Graff is most noted for the groundbreaking success of Graff Pay-Per-View which he founded in 1987 and headed as President and COO through 1995. In
addition to GPPV's successful and widely recognized ''Spice'' service, Mr. Graff has been an innovator in launching programming through emerging distribution
platforms. His company introduced the first localized file servers to deliver hit movies through Cable Video Store (CVS), and he was involved in the first video
dialtone trials.
Commenting on the management changes, Mark Graff stated, ''American Interactive Media remains committed to becoming a leading provider of content and
interactive services through the Internet as well as emerging distribution channels. Peter has provided valuable leadership to the Company over the past twenty
months, including the formation of a very talented team of senior executives with an impressive range of media and technology industry experience. We look forward
to extending our base of marketing and distribution relationships that support our content and service networks.''
Prior to his entrepreneurial ventures, Mr. Graff produced and distributed entertainment programming in the event, music and theater areas for premium cable services
such as Showtime and HBO. His prior corporate experience includes tenures with Lexington Broadcast Services (LBS) and K-Tel.
American Interactive Media, Inc. 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.
Certain of the information presented herein may constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements involve known and unknown risks, uncertainties and other factors over which the company has little or no control. Such factors
include general economic and business conditions and commercial acceptance of the company's products and services.
Tim
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