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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts
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To: Joe Copia who wrote (14111)4/6/1999 9:22:00 AM
From: ErnestPoe  Read Replies (1) of 25711
 
I'm told PMGIF (Princeton Media) is going to move today. (This is a
different company than PMGI which also being discussed on the threads)
The company has acquired exclusive U.S. rights from adult movie channel
company Spice Entertainment (which is owned by Playboy) to create an
Internet site. Adult entertainment Internet sites are huge and extremely
profitable. With this name recognition, a million hits per day are
expected.

The Spice deal has been confirmed in "The Industry Standard; The
Newsmagazine for the Internet Economy" which can be found at:

209.1.23.84.

Here is some brief info about the company.

Princeton Media Group, Inc. (OTCBB: PMGIF)
214 Brazilian Ave. Suite 300
Palm Beach, FL 33480
(561) 659-0121

Common Shares Outstanding: 4,178,722
Float: 3.5 million
Fully Reporting
52 Week High: $3.25 (currently trading around $.10)

Princeton Media Group (PMGIF), through its subsidiaries, publishes adult
entertainment magazines. Probably the best known is OUI magazine.

Over the past several years there has been a large decrease in rack
sales outlets and the publications have not made a profit. Accordingly,
PMGIF has divested itself of these subsidiaries by voluntarily turning
the subsidiaries over to its creditors without filing bankruptcy. This
explains the current low stock price.

However, according to its recent 10Q, PMGIF has been looking for an
Internet acquisition. Internet adult entertainment sites are huge
business and made profits last year in the hundreds of millions of
dollars.

With this huge acquisition and adult entertainment's huge Internet
revenues, PMGIF's stock price should be heading back up towards its 52
week high.
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