PAYFORVIEW ANNOUNCES DEAL TO ACQUIRE
TWO NEW RELEASES FROM
990330 - PAYFORVIEW.COM(PAYV) - RENO, NEVADA
PayForView.com ("PayForView") (OTC BB: PAYV) is pleased to
announce the acquisition from STRATOSPHERE ENTERTAINMENT LLC. of
the rights to two new releases for exhibition over the Internet,
beginning this Summer 1999.
PayForView plans to launch its pay-for-view service this summer
with the recent theatrical release "ONE TOUGH COP" starring
STEPHEN BALDWIN, CHRIS PENN, GINA GERSHON and AMY IRVING. This
film has been licensed to only four pay-for-view services in the
US, including VIEWER'S CHOICE, the biggest cable pay-for-view
service in the US, which is jointly owned by WALT DISNEY CO.
(DIS), WARNER BROS., VIACOM CABLE (VIA), TIME WARNER CABLE (TWX),
COX COMMUNICATIONS (COX), and several other Multi Service
Operators. Other pay-for-view licensors of "ONE TOUGH COP" are
DIRECTV, the biggest satellite to home pay-for-view service owned
by HUGHES ELECTRONICS, CORP., and ACTION PPV, an action
pay-for-view service owned by BLACK ENTERTAINMENT TELEVISION.
PayfForView will be the only company to offer the film over the
Internet.
"Two Thumbs Up", said SISKEL & EBERT about "THE THIEF", the
Russian feature film that was nominated for an Academy Award for
best foreign film last year. PayForView has licensed the
exclusive pay-for-view Internet window for this film, which was
recently released in US theatres by STRATOSPHERE, and which will
air this summer on PayForView's website on a pay-for-view basis.
Both movies are licensed from STRATOSPHERE, the motion picture
distribution company formed by CARL ICAHN. STRATOSPHERE has
released 7 films theatrically in the US so far this year,
including "HIDEOUS KINKY" starring KATE WINSLET and "THE SCHOOL
OF FLESH" starring ISABELLE HUPPERT.
"We aim to be the largest Internet pay-for-view service in the
US. We believe there is room for us in the marketplace, as our
main competitors, VIEWER'S CHOICE, DIRECTV and ACTION PPV,
normally only show blockbuster type movies. In addition to being
able to show "Hollywood" blockbuster movies like "ONE TOUGH COP",
we can also show celebrated art and foreign films such as "THE
THIEF"," says new VP, Programming and Production, Penny Green,
"That we will be the only pay-for-view service showing "THE
THIEF" demonstrates that we are positioned to capture a
demographic that has been neglected."
PAYFORVIEW.COM PROCEEDS WITH 3 FOR 2 FORWARD STOCK SPLIT
The Company confirms that the Board of Directors will be
proceeding with a 3 for 2 forward split of the common stock of
the Company. The Effective date for this forward split has been
set for shareholders of record on the close of business April 9,
1999. In order to receive three new common shares for every two
currently held, shareholders or their investment brokers will be
required to submit the old share certificates to the Company's
transfer Agent, Alexis Stock Transfer (phone:(760) 773-9227), for
conversion.
WALL STREET RESEARCH GROUP RECOMMENDS PAYFORVIEW A STRONG BUY
The WALL STREET RESEARCH GROUP, publishers of the "Wall Street
Research Report", listed PayForView.com as a recommended buy. In
describing the strengths of PayForvView.com, Wall Street Research
Group pointed to strong content acquisition plans, highly
anticipated technology joint ventures and excellent
diversification through record and film sales as reasons to
believe payforview.com is poised for excellent growth. Other
Internet Broadcast companies include BROADCAST.COM (NASDAQ: BCST)
and Visual Data Corp. (NASDAQ: VDAT). To view the Wall Street
Research Report, see
wallstreetresearch.net, or call Toll
Free in the USA 1-888-615-1145 to request a written report, which
will be mailed to you.
********
PayForView.com is an Internet based Entertainment Company which
will distribute movies, music, sports and live events direct to
viewers on a pay-for-view and retail basis. The Company is in the
process of acquiring content and creating programming and
broadcasting specifically for the Internet. PayForView is in the
process of preparing other content to allow website visitors to
view sample broadcast clips, catalogue content, and go to
PayForView's various divisions within the website for movies,
live events, sports, education and business. Additionally,
Payforview.com intends to negotiate with other content providers
and distributors to acquire the Internet broadcast and DVD rights
to other video content.
ON BEHALF OF THE BOARD OF
payforview.com
Marc A. Pitcher
President
For Further Information, Contact: Corporate Communications for
payforview.com Toll Free: 1-800-545-7214 Fax 604-688-9519 email:
invest@payforview.com or web: payforview.com
CERTAIN INFORMATION INCLUDED IN THIS COMMUNICATION (AS WELL AS
INFORMATION INCLUDED IN ORAL STATEMENTS OR OTHER WRITTEN
STATEMENTS MADE OR TO BE MADE BY Payforview.com) CONTAINS
STATEMENTS THAT ARE FORWARD-LOOKING, SUCH AS STATEMENTS RELATING
TO THE FUTURE ANTICIPATED DIRECTION OF THE INTERNET INDUSTRY,
PLANS FOR FUTURE EXPANSION, VARIOUS BUSINESS DEVELOPMENT
ACTIVITIES, PLANNED CAPITAL EXPENDITURES, FUTURE FUNDING
RESOURCES, ANTICIPATED SALES GROWTH AND POTENTIAL CONTRACTS.
THESE FORWARD LOOKING STATEMENTS ARE SUBJECT TO A NUMBER OF KNOWN
AND UNKNOWN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL
OPERATIONS OR RESULTS TO DIFFER MATERIALLY FROM THOSE
ANTICIPATED.
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