Here's essentially the same release as yesterdays with the PNTV spin on the benefits. I still say this is GREAT news as it allows PNTV to expand to Canada without capital outlay.
CLiNT
Players Network Signs Exclusive 10 Year Marketing and Distribution Agreement With Networks North
SEP 09,1998 4:08 PACIFIC 07:08 EASTERN
(PLAYERS-NETWORK)(PNTV) Players Network Signs Exclusive 10 Year Marketing and Distribution Agreement With Networks North
LAS VEGAS--(BUSINESS WIRE)--Sept. 9, 1998--Players Network (OTC BB:PNTV) has announced that it has entered into an exclusive ten (10) year marketing and distribution agreement with Networks North.
Under the executed agreement, Players Network's 24-hour digital gaming and entertainment programming, will be distributed by Networks North to Casinos and Hotels throughout Canada. Players Network has
received a $50,000 rights fee and will receive a fifteen (15%) royalty on all gross receipts received from the exploitation of Players products and programs.
Mark Bradley, president of Players Network stated, "The signing of this deal between Players Network and Networks North presents great opportunity to further advance Players Network to the international
marketplace. This increased exposure will add value to Players Network Casino affiliates, and expand the network's appeal to the gaming industry."
In addition to the digital network, Networks North Inc's. subsidiary Magic Lantern Communications, will market all developed programs of Players in all markets including but not limited to: Television, Non-theatrical, Syndication, Home Video, In-flight, Digital and Internet delivery.
Players Network (OTC BB:PNTV), a Nevada corporation, is the first digital 24-hour gaming and entertainment network which specializes in producing television programming to serve the rapidly growing gaming industry. Players Network delivers its 24-hour television channel directly into the hotel and casino guest rooms.
The company's format is designed to educate new players and promote casino games and activities. With 180 million people a year visiting U.S. casinos, the industry is now the largest form of entertainment in the world. Programming includes shows on basic gaming instruction, news, sports and racing, entertainment and tournaments.
Networks North Inc.'s operating units include wholly owned Magic Lantern Communications Ltd., NTN Interactive Network Inc. (NTNIN), and 51% of Interlynx Multimedia Inc. NTNIN is the exclusive Canadian
licensee of NTN Communications Inc. (AMEX:NTN), a leading producer and programmer of interactive television, on-line and Internet entertainment
The NTN Network distributes programming to more than 15 million participants per month at restaurants, sports bars, and other group viewing locations throughout North America, including over 525 in
Canada with over 2.5 million participants. Interlynx Multimedia is a new media production and distribution company encompassing all aspects of electronic communications including computer based learning,
CD-ROM, the Internet and World Wide Web.
Financial Statements in this press release (if any) other than historical facts are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the
Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results could differ materially from expected results.
KEYWORD: NEVADA
INDUSTRY KEYWORD: ENTERTAINMENT INTERACTIVE/MULTIMEDIA/INTERNET COMED
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