Monday May 24, 7:01 am Eastern Time
Company Press Release
SOURCE: Deerbrook Publishing Group
Deerbrook Publishing Announces Letter of Intent to Acquire Rebecca Fine Arts
Artist Russell Chatham Will Join Deerbrook Publishing Group
PHOENIX, May 24 /PRNewswire/ -- Deerbrook Publishing Group (OTC Bulletin Board: DBPG - news) has announced that is has signed a letter of intent to acquire Rebecca Fine Arts, Inc., and Artist Russell Chatham will join Deerbrook Publishing Group, Inc. The acquisition could bring $2,000,000 in annual revenues and the distribution channels Deerbrook needs. Terms and conditions have not been released but Deerbrook anticipates closing the acquisition in the 3rd Quarter.
Russell Chatham works in his studio on the outskirts of the Yellowstone National Park in Livingston, Montana. His work has long been associated with the Great Northwest but his images have transcended regionalism and found a prominent place on the national scene. He has been profiled in Esquire, Southwest Art, People, U.S. Art, Antiques and Fine Art, Architectural Digest, Smart, The Denver Post, The San Francisco Chronicle, The San Francisco Examiner, The Los Angeles Times, The Washington Post, The Chicago Tribune, The Seattle Times, The Associated Press, National Public Radio's Morning Edition and Fresh Air, PBS and CBS Sunday Morning. ''We are excited at the prospect of working with Russell and his company Rebecca Fine Art to develop his exposure to a wider audience,'' said Keith Chesser, CEO.
''Our vision for Deerbrook Publishing Group, Inc. and www.artup.com is within reach when we accomplish an acquisition like this. Russell Chatham and Rebecca Fine Arts give us a unique opportunity to represent one of the world's most followed artists with the distribution channels we need,'' said Keith Chesser, CEO.
Deerbrook Publishing Group Inc. also announced on Thursday that Artup.com would launch later this summer. Artup.com will function as a reseller for artists, galleries and individuals that display artwork on the site. The company will fund ongoing marketing campaigns to drive buyers to the site and artup.com will earn a 4% transaction fee on all sales. Through the Internet' s worldwide distribution capabilities, artup.com has the potential to bring together more buyers and sellers of art objects than ever before. This presents an excellent opportunity for cross marketing programs with strategic partners, and artup.com is seeking out companies offering complementary products and services.
The company is in the process of signing up galleries, collectors and individual subscribers to build its inventory of artwork for the first auction. The site itself is in development and will feature unique content including artist biographies, works of undiscovered artists, art commentary and more. Sophisticated search technology will enable buyers to locate artwork based on genre, media, even color and size.
Deerbrook Publishing, Inc. was incorporated in Colorado in March of 1997. The company's three subsidiaries are Signature Edition, Inc. an art publishing division, Cimarron Studio, Inc. a printing division and Deerbrook Online the art auction and retail division formerly known as Enterarts/Interarts, Inc.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbors created by those sections. These forward-looking statements include statements related to potential mergers and the effect of those mergers on the prospects of the company.
Actual results may differ materially due to a number of risks, including the uncertainty of completion of the contemplated transactions. This press release provides general information and should not be construed as an offer to sell securities.
The material contained herein has been obtained from sources believed to be reliable, but is not complete and its accuracy cannot be guaranteed. This report is for informational purposes only and should not be construed as advice or meet the investment needs of any particular investor or designed to be the basis of any investment decisions.
For further information, contact Investor Relations, 602-437-8888, Fax 602-437-2845, or email ir@artup.com .
Deerbrook Publishing and artup.com are trademarks of Deerbrook Publishing, Inc. All rights reserved. Some of the product names mentioned herein are for identification purposes and may be trademarks or registered trademarks of their respective companies.
SOURCE: Deerbrook Publishing Group |
