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To: Zakattack who wrote (21550)	5/27/1998 9:35:00 AM
From: DR. MEADE	Read Replies (1) \| Respond to of 34592

\| ------ \| Respond \| To: DR. MEADE (334 ) From: Cheryl OD Wednesday, May 27 1998 9:30AM ET Reply # of 335 NEWS IS OUT ON JNNE !! Jones Naughton Entertainment to Acquire Assets of Affiliated Marketing Services, Inc. Community Marquee Division to Develop National "Smart Shopper" Franchises LOS ANGELES--(BUSINESS WIRE)--May 27, 1998--Jones Naughton Entertainment, Inc. announced today they have reached an agreement to acquire all of the assets of Affiliated Marketing Services, Inc. (AMS). AMS is an established, Del Mar, CA based multi-media publisher, advertising agency and media buying concern with annual revenues in excess of $1 Million. The AMS agreement will mark the second completed acquisition for Jones Naughton since April of this year. AMS is best-known for providing top-tier advertising and promotion for the PGA MERCEDES CHAMPIONSHIP for the past ten years. AMS' aggressive promotion of this premier professional golf spectacular, hosted by the world famous La Costa Resort and Spa, includes marketing, ad agency services, media guide production, promotions, hospitality coordination and publication of the event's award-winning PGA souvenir program. AMS has demonstrated ingenuity and leadership throughout the San Diego, CA area in the multi-media publishing and advertising fields. Evidence of their success is found in each issue of THE SMART SHOPPER SAVINGS GUIDE and THE ENTERTAINER AND LIFESTYLES MAGAZINE. These well-known publications reach millions of homes each year and serve to connect citizens with the commercial and entertainment sectors of San Diego County. THE SMART SHOPPER SAVINGS GUIDE has been published by AMS for nine years and is a valuable consumer resource weekly distributed to over 2,000,000 income-targeted homes annually. THE ENTERTAINER AND LIFESTYLES MAGAZINE, now in its 18th year, is a tabloid-sized 40-page full color bi-monthly magazine which highlights the best of San Diego's social and entertainment scene. THE ENTERTAINER AND LIFESTYLES MAGAZINE's affluent readership enjoys current information on premier dining, music, travel and sports. Many readers also attend the annual celebrity "Best of San Diego" awards sponsored by the magazine. Jones Naughton has placed this newest acquisition under its Community Marquee Division to take full advantage of the franchise opportunities that can be rolled out nationwide. Speaking on the expansion opportunities now available to his company, AMS President and Publisher Paul Hentschl said, "We have been anxious to secure the backing of an emerging-growth company to bring to fruition the roll-out possibilities inherent in our 'SMART SHOPPER' program. We believe Jones Naughton has the direction and vision to franchise our 'SMART SHOPPER' program nationwide and to expand it to reach millions more through the Internet, thus multiplying our revenue potential by many times. This truly is a glove-fit for us and the realization of a long-range goal for me personally." After a steady growth pattern for much of its early existence, AMS' revenues have begun a rapid ascent. In the last 12 months alone, AMS has reported revenues in excess of $1 Million. Jones Naughton Entertainment (OTC Bulletin Board: JNNE - news), through its COMMUNITY MARQUEE Division, operates audio visual information systems custom-designed to provide free, instant and site-specific information to commercial businesses for advertising and marketing goods and services in a wide variety of community forums. Current subscribers to the system include the U.S. Army Recruitment Offices, Enterprise Rental Car, Great Western Savings, National University, Manpower Inc. [NYSE:MAN - news], Temporary Employment Agency, Round Table Pizza and a host of independent businesses. COMMUNITY MARQUEE focuses on the development of franchise-ready businesses. Planned growth is through acquisition of small specialized marketing companies in targeted markets nationwide. Additionally, Jones Naughton also receives royalty income from a program developed for marketing financial services through mass market retailers. This press release contains forward-looking statements which are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Expression of future goals and similar expressions reflecting something other than historical fact involve a number of risks and uncertainties, including timely development and market acceptance of certain products and services, successful integration of acquisitions, the ability to secure additional financing and the ability to operate within the framework of available resources. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. \| Previous \| ------ \| Respond \| View SubjectMarksBookmark this Subject Discussion \| People \| MetaCrawler Subject Titles Only Full-Text Messages with Links Send questions and feedback to webmistress@techstocks.com Terms of Use