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To: Taki who wrote (118766)	9/4/2003 2:01:05 PM
From: Taki	Read Replies (1) \| Respond to of 150070

DMNX .009.Bottomed? (BSNS WIRE) Dominix, Inc. Executes Letter of Intent to Acquire Jade Entertain Dominix, Inc. Executes Letter of Intent to Acquire Jade Entertainment Group, Inc Business Editors NEW YORK--(BUSINESS WIRE)--Aug. 11, 2003--Dominix, Inc. (OTCBB: DMNX) announced today that it has entered into a letter of intent with Jade Entertainment Group, Inc. and Blu-TV, Inc., to acquire control of both businesses. Dominix anticipates issuing a majority of its common stock to the shareholders of Jade and Blu-TV at the closing as consideration for the acquisitions. Completion of the transaction which is expected to occur within 60 days is subject to a number of conditions, including each party completing its due diligence review of the other, negotiation and execution of definitive documentation, the approval of the board of directors of each party as well as any required shareholder or other corporate approval, and compliance with applicable regulatory requirements. Jade Entertainment Group, Inc. is a publicly reporting company that is a developer and marketer of Internet advertising and search services for the adult entertainment industry. Jade has developed proprietary, patent-pending, Internet search engine software, and has developed and owns several adult portal and content sites that drive traffic to adult content. "This is a very exciting development", stated Tim Schmidt, Jade's President, "By combining Jade with Blu-TV, we believe that we will be able to drive traffic to much sought after adult content not yet seen by U.S. subscribers." Blu-TV, Inc is a privately held adult content marketing and distribution company, has an exclusive U.S. license to a library of approximately 1,500 European-produced adult content films that it plans to distribute in the cable, broadband, pay-per-view and video-on-demand markets via its own brand and others. Blu-TV also has a significant minority ownership interest in Super 1, a satellite-delivered service in Europe. Mark Graff, CEO of Blu-TV and founder of the Spice channel stated that, "I believe that the synergy between Jade and Blu-TV will maximize the revenue potential from all digital platforms. We look forward to the working relationship with our new partners." Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Such forward looking statements include, but are not limited to, the successful completion of the acquisition of Jade and Blu-TV by Dominix, and the integration of Jade and Blu-TV and their respective operations, the competitive environment and regulatory uncertainties in the various industries in which these companies operate, the ability to raise capital as needed as well as certain other risk factors which are and may be detailed from time to time in Dominix's and Jade's filings with the Securities and Exchange Commission. --30--RLG/ny* CONTACT: Dominix, Inc. Andrew Schenker, 631-724-1643 or Jade Entertainment Group, Inc. Raymond Barton, 631-385-0007 or Blu-TV, Inc. Mark Graff, 646-638-4474 KEYWORD: NEW YORK INDUSTRY KEYWORD: PUBLISHING ADVERTISING/MARKETING ENTERTAINMENT EDUCATION CONSUMER/HOUSEHOLD MERGERS/ACQ SOURCE: Dominix, Inc. Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com