News from PNTV (see below). More expected in coming weeks. PNTV has a float of only around 1 Mil. shares. Could move quickly on major news.
Monday June 8, 7:00 am Eastern Time
Company Press Release
Players Network Announces New Line of Interactive Kiosks
All Digital, Full-Motion Video, Interactive Kiosk Designed for Gaming Industry
LAS VEGAS--(BUSINESS WIRE)--June 8, 1998--Players Network (OTC BB:PNTV), the first digital, 24-hour gaming
and entertainment network which specializes in producing television programming to serve the gaming industry,
announced the introduction of their new line of all-digital, full-motion video interactive kiosk designed for casino/hotels.
The kiosks are free-standing units, placed on the casino floor, and enable guests to access information on gaming
instruction, event schedules, dining reviews, menus and reservations, retail shopping information, club card status
reports, and an automated comp printing system. The kiosks also display two dimensional property maps and directories,
entertainment news, box office information, casino promotions, and updates from Players Network news.
The units also originate marketing studies, and track and disseminate statistical guest information for the casino/hotel.
Mark Bradley, President of the Players Network, stated, ''This product will allow Players Network to combine its
existing programming content for a new, advanced application. In the future the kiosk will act as a complete information
center combining its existing features with Internet access and video conferencing. We are extremely pleased with the
results.''
Players Network interactive kiosk utilizes digital CD quality sound and a parabolic sound dome, that delivers up to 16
channels of audio for multiple language use.
In addition, Players Network is currently in the process of finalizing negotiations to add its 24-hour gaming programming
in several major casino/hotels, as well as naming prominent new board members.
Players Network provides in-room gaming programming for hotel casinos. Its programming is produced in their studios
in Las Vegas, and distributed to client hotel casinos on a closed circuit basis with state of the art technology which was
developed by SeaChange International (NASDAQ:SEAC - news). The programming is designed to entertain and educate
guests while acting as a marketing tool for the casino and advertisers. It educates guests on the various types of gaming
available, how the casino games are played as well as sports and racing information, gaming news, entertainment, and
promotions about the hotel casino and gaming facilities.
Future expansion plans include interactive television designed to further the in-room educational programming, cable
syndication, pay-per-view, and instructional gaming videos. Players Network can be viewed at the Four Queens Hotel
and Casino in Las Vegas, The Stratosphere Hotel and Casino in Las Vegas, and at Primadonna Resorts'
(NASDAQ:PRMA - news) three Primm Valley, Nevada casinos; Primm Valley, Buffalo Bill's, and Whiskey Pete's.
Financial Statements in this press release other than historical facts are ''forward-looking'' statements with the meaning
of section 27A of the Securities Act of 1933, section 21E of the Securities Exchange Act of 1934, and as that term is
defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the
Company's future expectations, including future revenues and earnings, and all other forward-looking statements be
subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and
uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected
results. Such risks and uncertainties include, without limitation, fluctuations in demand, loss of subscribers, the quality
and price of similar or comparable wireless communications services, regulatory delays or denials, ability to complete
intended construction, termination of proposed transactions, access to sources of capital, and general economics.
Contact:
M&A West
Scott Kelly, 650/588-2678
www.mawest.com |
