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Microcap & Penny Stocks : DFNL - Definition, LTD -- Ignore unavailable to you. Want to Upgrade?


To: Ga Bard who wrote (91)12/9/1997 1:51:00 PM
From: Ga Bard  Respond to of 723
 
Here is another question on a Nov 12, 1997 news release

LAKE PARK, Fla., Nov. 12 /PRNewswire/ -- Definition, LTD (OTC Bulletin Board: DFNL - news) is pleased to announce that Blue Sage Entertainment, a subsidiary of Definition, LTD has signed a Distribution Agreement with Monument Entertainment for mass distribution of audio and visual products.

Has anyone called Vern Nobles with Monument Entertainment to verify that DFNL has a signed agreement with them. 213 650-3300

GB



To: Ga Bard who wrote (91)12/9/1997 2:13:00 PM
From: Brad  Read Replies (1) | Respond to of 723
 
Hi GaBard! You had some questions about today's press release. I called the company and here's what they said...

>>QUESTION: What is the chain of title of the footage and do they own it? Is it in Blue Sage or DFNL's Libray? If it is in DFNL's Library why does DFNL need Blue Sage????<<

ANSWER: Blue Sage (and DFNL owns 100% of Blue Sage) owns Full Rights to these videos by virtue of a 5-year exclusive agreement with the owner of the footage to distribute the footage. Here's the news release talking about the acquisition of Blue Sage.
biz.yahoo.com

>>QUESTION: Is this OUT takes or footage released by the enities or rather where did they get the footage?<<

ANSWER: Some of the footage is "out-takes" and some is original.

>>QUESTION: Who is the distribution firm? (Most of the time the
distributor firm is named in a new release.) By what presisdence are they basing these numbers on? This appears to have a lot of holes as usual in it.<<

ANSWER: The distribution company is Handleman. The sales projection of $3,000,000 was made by Handleman based on their experience in the marketplace. Are they credible? Here is their company profile. You can be the judge. biz.yahoo.com

As usual, the holes are easily filled if a person wants to do a little research on their own. :-) Charlie Kiefner would like you (or anyone that wants to) to call him with any questions.

And guess what... I am NOT associated with ANY company anywhere. I am just an individual investor with my own opinions. Everyone should do their own research before investing in anything.

Best wishes,
Brad