Have to share this News it's on *NIGI* but look at W.B. and the (TWX) oOo that's very large.
Have fun as we may have a little bit of a win, win, with this one. Take a look..... Seems like there on the same track of building and adding asset's pre filing with the SEC. like many others have done. The CEO told me there is a new T.V. Division there adding in the next few weeks. This could be a story like WWWX was in building value to get to the full NASDAQ BOARD.. Well it's just MVHO. on the rest of the story..
Nightwing Entertainment Group Inc. Acquires Independent Film Company
NEW YORK--(ENTERTAINMENT WIRE)--May 11, 1999--Nightwing Entertainment
Group Inc. (OTC BB:NIGI) Tuesday announced that it has acquired 80% of the common
shares of Sirius Entertainment Inc. (Sirius), a newly formed California-based independent
film company, from its founder, Chief Executive Officer and President, Clifford Werber.
Werber formed Sirius after electing, in March of this year, to leave his position as senior
vice president of worldwide co-productions and acquisitions at Warner Bros., a subsidiary
of Time Warner Inc. (NYSE:TWX). During his 3 1/2 years at Warner Bros., Werber was
responsible for reinvigorating the studio's independent film co-productions and acquisitions
as well as launching its local language film production in numerous international territories
including Germany, France, Italy, Poland and Latin America. Prior to joining Warner Bros.
in 1996, Werber spent 10 years at Twentieth Century Fox Film Corp. in a similar capacity.
Werber was quoted as saying, "Having run acquisitions and co-productions at two major
studios, I have come to the conclusion that the profits generated from the worldwide
independent arena are more impressive to the individual investor than the majors and the
marketplace cycle is ripe to deliver substantial profits through my own company. In
essence, I intend to do for Sirius, Nightwing and its investors that which I have
successfully done for the majors for well over a decade."
Sirius will focus its efforts on developing, packaging and producing what Werber labels
"sanely-budgeted" English language films with inherent international appeal so as to
capitalize on the existing market dynamics that have created substantial international
demand for such product. Through Sirius, Werber will also continue his involvement with
family films as well as local language production in select international territories.
Additionally, Sirius will establish a division devoted to managing an elite group of
international talent.
Werber will be leaving shortly to attend the Cannes Film Festival after which he will be
traveling throughout Europe to secure Sirius Entertainment's position as the preeminent
international independent film production and talent management company.
In a recent release, Nightwing, an entertainment and multimedia company, announced it
had acquired an 80% interest in I-ZONE Inc. a company that designs, and will own and
operate high-tech/interactive multimedia location-based entertainment facilities.
The company, which is presently not a "reporting" company, intends to bring all its filing
current with the Securities and Exchange Commission as soon as practicable following the
completion of the company's audited financials.
The reader is advised that this release contains forward-looking statements of the
company and that a variety of factors could cause the company's actual results and
experience to differ materially from the anticipated results of their expectations expressed.
Additional information regarding those factors is available upon request.
--30--LES/la* DB/la
CONTACT:
Nightwing Entertainment Group
Shareholder Relations, 888/858-5506
or
SSA Public Relations
Steve Syatt, 818/501-0700
Kerri Tarmey, 212/679-4750
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