American Digital Communications Inc. Announces Three New Tracks on the TrackPower service
NEW YORK--(BUSINESS WIRE)--June 1, 1999--American Digital Communications Inc. (OTC BB:ADCM - news) announced today a non-exclusive agreement to broadcast live horseracing from Monmouth Park, Colonial Downs, and Evangeline Downs. These agreements bring the number of tracks available on the system to ten, including some of the nation's largest tracks such as The Meadowlands and Santa Anita Park.
Upon signing, Graham Simmonds, VP and General Manager of ADCM stated, ''We are very pleased that these organizations have chosen TrackPower to distribute their racing product and to broaden their audience. We are on target with our projections thus far, and we are currently in discussions with many other tracks.''
TrackPower is a multi-channel digital satellite television service for horse racing. The TrackPower service allows racing fans to watch full-card simulcasting from premier racetracks in their home or office. TrackPower is offered in conjunction with EchoStar's SkyVista DTH service, which includes over 20 channels of the ''Best of Satellite'' package. This service also includes regular broadcast network signals, one premium channel of HBO, one adult channel of Extasy as well as foreign and niche programming for additional monthly charges.
Monmouth Park has established a reputation as one of thoroughbred racing's top summer racetracks. On-track handle and attendance have risen in the past five years, reversing the national trend, and Monmouth Park continues to be the crown jewel in the New Jersey thoroughbred racing circuit. The meet is highlighted annually by the $1 million Buick Haskell, which in recent years has been won by champions Skip Away, Holy Bull and Serena's Song. Monmouth Park, which originally dates back to 1870, was purchased by the NJSEA in 1985. For more information visit monmouthpark.com.
Colonial Downs' second harness meet will commence on May 31 and conclude on August 4, 1999. The Company will host races on Monday, Tuesday, and Wednesday afternoons. The thoroughbred meet will run from September 5 through October 10. Colonial Downs Holdings Inc. is a Virginia corporation organized in November 1996 to pursue opportunities for pari-mutuel horse race wagering in Virginia. The Company through its subsidiaries holds the only unlimited licenses to own and operate a pari-mutuel horseracing course and satellite wagering facilities/racing centers in Virginia. Colonial Downs Holdings, Inc. became a publicly held company in March 1997 and trades on the NASDAQ National Market System under the symbol CDWN. For more information visit colonialdowns.com.
Evangeline Downs, Cajun Country's Birthplace of Lil 17 -- September 6 in 1999 and year-round simulcast racing. In November 1988, Evangeline Downs became part of Louisiana racing history by being the sole recipient of the first inter-track wagering signal in the state, simulcasting races from the New Orleans Fair Grounds. For additional information visit evangelinedowns.com .
Through TrackPower International Inc., ADCM delivers high quality live horseracing video to subscribers throughout North America. ADCM uses the Skynet Direct Platform to broadcast the TrackPower service. Skynet Direct is Loral Skynet's transmission and distribution service that offers programmers a combination of its Telstar fleet space segment with compression, encoding, uplinking, format conversion and multiplexing from EchoStar Satellite Corporation's existing facilities in Cheyenne, Wyo. EchoStar also provides order processing, set-top box authorization, and billing from its customer service center in Denver. For additional information, contact Graham Simmonds at 905/839-1430, or by email at simmonds@trackpower.com .
This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risk and uncertainties.
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Contact:
American Digital Communications Inc.
J. Graham Simmonds, 905/ 839-1430 x352
Email: simmonds@trackpower.com
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