John
Wednesday October 14, 6:31 am Eastern Time
Company Press Release
American Interactive Media and New Tech Entertainment to Co-Produce
Entertainment Programming for Emerging Technologies
NEW YORK--(BUSINESS WIRE)--Oct. 14, 1998--A joint venture was announced today by Mark Graff, president and CEO of American Interactive Media Inc.
(OTC BB: AIME - news) and Herman Rush, president and CEO of New Tech Entertainment LLC, to develop and produce digital and interactive entertainment
programming for initial distribution and migration to the Internet, broadcast, digital cable, satellite and other emerging technologies.
Under the terms of the agreement, the companies will jointly produce a minimum of nine concepts focusing on entertainment related subjects. While the Internet will be
the launching platform, the long-term focus of the venture will be on next-generation digital set-top strategies. All of the networks will feature abundant video and audio
streaming.
''This marks a major move to solidify our position as a leading content provider,'' said Graff. ''As the former CEO of Coca-Cola Telecommunications Inc. and Columbia
Pictures Industries Inc., Mr. Rush brings a league of major entertainment industry players to the new partnership. Our combined backgrounds in broadcast and cable will
assure the success of our program migration strategy.''
The new networks (and their entertainment industry partners) currently in development include: ''Crimebeat'' in association with Grosso-Jacobson Productions; ''Pop
City,'' a network to be co-produced with the pop culture expert - dick clark productions; and ''Romanceland,'' co-produced with Alan and Susan Wagner's Boardwalk
Entertainment. Other original niche programming with leading producers and distributors will soon be announced.
''We are pleased to be associated with an aggressive company that shares our philosophy on the importance of content and programming in the future of convergence,''
said Rush.
New Tech Entertainment LLC is an Internet and television production company headed by veteran entertainment industry executive, Herman Rush, and
television/Internet producers Gail and Howard Sonnenschein.
AIME's successful first network, ComedyNet, has already been receiving enthusiastic responses from both the industry and the consumer market. ComedyNet
(http://www.comedynet.com), a twenty-four hour, cutting-edge comedy network launched on the Internet has won the Humor Indies' Three Star Salute award, the SAV
award from Audio Visual Daily News for the top streaming audio/video comedy site, the Best of the Planet Award and the Top 100 Websearchers Award. The network
features live and video-on-demand performances by comedic performers from top comedy clubs across America.
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. Visit AIME's web site at aime-inc.com.
Contact:
AIME, New York
Mark Graff, 212/539-0700
info@aime-inc.com
or
Jaffoni & Collins, New York
Investor Relations:
David Collins/Vicki Siegel
212/835-8500
aime@jcir.com
or
Richard Lewis Associates
Media:
Richard Lewis, 818/955-5481
rlewis@abc.com
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