PayForView.com Makes Front Page of Variety.com and PayForView.com Announces Internet Broadcast Rights With SPORTSWORLD MEDIA GROUP PLC
Thursday April 29, 9:58 pm Eastern Time
Company Press Release
PayForView.com Announces Internet Broadcast Rights With SPORTSWORLD MEDIA GROUP PLC
PayForView.com Makes Front Page of Variety.com
LOS ANGELES--(BUSINESS WIRE)--April 29, 1999--PayForView.com Corp. (''PayForView'') (OTC BB:PAYVD - news) today announces the acquisition of Internet rights to over 200 segments of magic moments in sports, and programs featuring extreme sports and athlete profiles from SPORTSWORLD MEDIA GROUP PLC (LSE-Media) in exchange for shares in PayForView.
Sportsworld is the international production and programming division of SPORTSWORLD MEDIA GROUP PLC, a multi media company listed on the main board of the London Stock Exchange (LSE-Media). Sportsworld has offices in London; Melbourne, Australia; Dubai, UAE and Albury, Australia. Sportsworld is one of the largest producers of sports programming in the world with a library of 3,000 hours and 500 new hours of top international programming each year.
They are the producer of numerous weekly magazine shows and is the event organizer of the DUBAI TENNIS OPEN on the ATP TOUR. Sportsworld is one of the biggest producers of sports entertainment in the world, and its line up for the next year includes 53 hours of Olympic programming in Sydney for the year 2000.
The programming includes weekly sports series Football Feva, Sportsworld, Sportswoman, Through the Gears, Racing World, Special Programming Package for Sydney 2000 Olympics, Extreme Sports -- On The Edge, The Xtreme Heli-Challenge, Live Sports and Events -- ITF Hyundai Hopman Cup 1999, Dubai Rugby 7's 1998, Dubai Air Show, PWA Windsurfing Tour 1998, Profiles (the world's top sports people), Sport Collection Series, Light Entertainment (Not the Sports Report, Healthy, Wealthy and Wise and Life's A Beach! (90's lifestyle series), Lifestyle and Documentary (Yin, Yang and You and World Watch) and Children's Programming (Hot Shots sports show for kids).
CEO of Sportsworld, Geoff Brown says ''We are enthusiastic that we can start this opportunity at such an exciting stage in Payforview's life.''
PayForView.com Makes Front Page of Variety.com
Payforview has already positioned itself as ''the largest Internet pay-for-view service in the U.S.'', quotes Variety.com magazine on Wednesday, April 7th, 1999. In the front page article, writer Richard Morgan describes recent buy recommendations for broadband access related stock, such as ''Real Networks'' which was backed with a 12-month per share target of $250 by Donald, Luftkin and Jenrette.
Reasons for the increased interest in broadband companies were described in the article as including ''growth in the number of Web users and the time they spend online, an explosion in pages that incorporate streaming media and the eventual mass appeal of broadband access,'' and the recent acquisition by Yahoo.com.
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: 800/545-7214 Fax 604/688-9519 email: invest@payforview.com or web: payforview.com. Go to wallstreetresearch.net to view the Wall Street Research Report, or call Toll Free in the USA 888/615-1145 to request a written report.
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 anticipate
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Contact:
PayForView.com
Corporate Communications, 800/545-7214
invest@payforview.com
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