THREAD MINING.....SDMT/EBLD
SDMT announced a merger with electronic boulevard
back on Nov 20,1998..details below..the closing was
announced in a Jan 20, 1999 press release..symbol
to change from SDMT to EBLD any day now..I liked the
sound of this and bought @ $3.00. Do your own DD...
Still trading under SDMT...
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Friday November 20, 9:30 am Eastern Time
Company Press Release
Sedmet Exploration Enters Into
Agreement to Acquire International
Net Broadcasting, L.L.C.
DENVER--(BUSINESS WIRE)--Nov. 20, 1998--Sedmet Exploration Inc. (Nasdaq BB:SDMT -
news) has entered into an agreement to acquire International Net Broadcasting, L.L.C.
Sedmet intends to issue 2.6 million shares to complete the acquisition. Upon closing of the
transaction, the combined companies will have 8.35 million shares outstanding.
International Net Broadcasting was founded in January 1997, by former music executives Stephen
Brown and Robin Wren, experienced professionals with outstanding records of achievement in their
fields. In his twenty-seven year career, Robin Wren helped to establish careers by overseeing the
promotion and marketing for such legendary artists as Elvis Presley, David Bowie, Dolly Parton and
John Denver.
International Net Broadcasting functions under the name of ''Entertainment Blvd.'' as an Internet
content provider, developing content in the areas of music, movies, and sports, as well as several
other areas of interest. Entertainment Blvd. offers the highest streaming video quality available for
music, movies and sports while providing video technology which requires a download time of only a
few seconds.
The flagship site of Entertainment Blvd. (www.entertainmentblvd.com) is Vidnet, the most complete
interactive music video channel on the web. Launched in March, 1998, Vidnet's viewer base has
increased to include fans from over 115 countries. For its first three months, Vidnet was receiving 2
to 3 million hits a month. Since then, the hits have jumped from three million hits a month to a high of
fourteen million hits last month.
Music videos are available in a wide variety of musical formats. including Rock, Urban, Country and
Latin, and after watching the videos, viewers can purchase product immediately from Entertainment
Blvd. associate Amazon.com. The site has received numerous awards, as can be seen in the site's
Trophy Room.
Reviewers include Microsoft, who gave Vidnet four stars, calling it one of the best music sites an the
web. Nationally renowned USA Today picked Vidnet as a Hot Site, and America's No. 1
entertainment magazine, Entertainment Weekly, gave Vidnet an A rating. In addition, Vidnet was
recently voted the number one site by music.guide.com, over sites like MTV, Rolling Stone. and
Sonic Net's Streamland.
Newly-launched Screen Clips provides a service to movie-goers around the world. Movie trailers
have been culled from all of the major motion picture studios. The opening page of Screen Clips
offers a retrospective of classic film moments, and from there the individual clips are separated by
date in the genres of ''Coming Soon,'' Now Playing,'' and ''On Video.''
The most recent addition to the Entertainment Blvd, is the just-launched Pro Sports Net. One of
sports' foremost broadcast personalities, Tim McCarver, just debuted his new talk show,
''McCarver One on One.'' The weekly audio shows include Tim's commentaries as well as a
two-hour segment focusing on interviews.
New shows will be broadcast each weekend, and starting in early 1999, all new ''McCarver One
on One'' shows will be broadcast on video. Upcoming interviews include such sports figures as
Michael Jordan, Mark McGwire, and John Elway.
A website's ability to attract a significant amount of traffic has become vital to its on-line
development strategy. Strategic alliances have been a key element of Entertainment Blvd.'s success.
Entertainment Blvd.'s associations with companies such as Marathon Sports, Real Networks,
Internet service provider Worldcom/Cable & Wireless, and on-line retail leader Amazon.com have
been engineered to provide the maximum quality of content, technology, and product fulfillment
available.
This agreement is subject to board, shareholder and regulatory approval.
Forward looking statements and comments in this press release are made pursuant to safe harbor
provisions of the Securities Exchange Act of 1934. Such statements relating to, among other things,
the prospects for the companies to complete the transaction and enhance operating results, are
necessary subject to risks and uncertainties, some of which are significant in scope and nature. These
risks may be further discussed in periodic reports and registration statements to be filed by the
company from time to time with the Securities and Exchange Commission in the future.
Contact:
Sedmet Exploration Inc.
Craig Doctor, 888/649-5622
EOM-------------------------------------------------------------
Jim in CT..
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