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Alternative Entertainment's CEO to Appear On CNBC
CEO Ralph Amato to Appear on CNBC's "Investing in America" Nov. 7, 1998 at 2:00 p.m. EST
LA JOLLA, Calif.--(BUSINESS WIRE)--Nov. 5, 1998--Alternative Entertainment (OTC BB:BOYS) is pleased to announce that the Company's CEO, Ralph Amato, will appear on CNBC's Investing in America with Emmy award winning host, Michael Jackson.
Amato will discuss exciting investment opportunities in the adult entertainment industry.
Alternative Entertainment, Inc. (the ''Company'') has positioned itself as an Internet aggregator and a wholesale distributor of media content to the Adult Entertainment Industry. Specifically, as a virtual Internet content provider of advanced online media for E-Commerce on Adult Internet Sites. Additionally, the Company plans to acquire, develop and operate Upscale Gentlemen's Clubs.
Its first club, a 15,000 square foot facility in San Francisco, will be open in January 1999. The clubs will provide a portion of the Adult Content that will be distributed through Webmasters to the more than 45,000 adult Internet sites. On line Adult Internet Sites exceed $1.2 Billion in annual subscription revenues with margins as high as 70%. In 1996, Adult Internet E-Commerce transactions represented the single largest segment of Internet revenues (60%). The Company has an extremely strong management team comprised of several key executives from the Gentlemen's Club Industry.
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