I just got off the phone with IR of Entertainment Boulevard. We
should be having very good news coming anytime. First, we will
have the name change from SDMT to EBLD; which may happen
as soon as tomorrow. Second, Entertainment will be acquiring one of the top 100 websites which will give them more exposure. The acquisition will done with 60% cash(payable over a 18 month
period) and the other 40% with stock. IR stated that there is a lot of interest from brokers; CEO has and is meeting with many
brokers. All the documents for PR release and the letter of intent
for the acquisition is in the hands of the lawyers. Just waiting for
the lawyers to give ok to put out a PR.
Most of the information I've given you is on Entertainment (EBLD)
which is now owned by SEDMET. The IR person I spoke with
represents EBLD; so everything they are doing will belong to
SDMT.
I've pasted copies of two PRs on SDMT. Hope this helps. Looking forward to next week. Feb 1 is the target date for the symbol change followed by information about the new PR firm.
Ben
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SEDMET EXPLORATION INC - Completes Acquisition Of
International Net
Broadcasting, L.L.C. And Will Change Name To Entertainment
Boulevard, Inc.
[225]
Canadian Market News from Market News Publishing,
Wednesday, January 20, 1999 at
14:54
Sedmet Exploration, Inc. is pleased to announce the completion
of the
acquisition of International Net Broadcasting, L.L.C., as
previously
announced in the news release of November 20, 1998. INB
functions under the
name of Entertainment Boulevard and hosts entertainment
oriented web sites,
including Vidnet, Screen Clips, ComedyNet, and Pro Sports Net,
which
provide music videos, movie trailers, live comedy and sports
programming
respectively, all in a RealVideo and RealAudio format. Traffic to
Entertainmentblvd.com has increased over the past four months
from 4
million hits per month to 24 million hits in December and is
currently
averaging 1 million hits per day.
Sedmet intends to change its name and trading symbol to
Entertainment
Boulevard, Inc. (EBLD) to accurately reflect the nature of the
company's
business.
International Net Broadcasting was founded in January 1997, by
former
music executives Stephen Brown and Robin Wren, experienced
professionals
with outstanding records of achievement in their fields. In his
twenty-seven year career, Robin Wren helped to establish
careers by
overseeing the promotion and marketing for such legendary
artists as Elvis
Presley, David Bowie, Dolly Parton and John Denver.
INB's web sites are all entertainment driven, offering the highest
quality video streaming available, and providing exceptional
sound and
video quality that is broadcast through RealNetworks' technology
that
permits a download time of only a few seconds.
The flagship site of Entertainment Boulevard
(www.entertainmentblvd.com) is Vidnet, the most complete
interactive music
video channel on the web. Music videos are available in a wide
variety of
musical formats, and the site has already received numerous
awards, as can
be seen in the site's Trophy Room. Reviewers include Microsoft,
who gave
Vidnet four stars, calling it one of the best music sites on the web.
Nationally renowned USA Today picked Vidnet as a Hot Site, and
Entertainment Weekly gave Vidnet an A rating.
Screen Clips provides a service to movie-goers around the world.
Movie
trailers have been culled from all of the major motion picture
studios and
are separated by date in the categories of "Coming Soon", "Now
Playing",
and "On Video".
A recent Entertainmentblvd.com addition "ComedyNet" is a
24-hour
online comedy network, which offers rotating original short form
programs
spotlighting stand-up comedians, sketch groups and alternative
performers
from around North America. Though only four months old,
ComedyNet's
continuous video and audio-streaming broadcast draws 15 million
hits per
month.
Pro Sports Net is the online version of the "McCarver One on
One"
show. These weekly audio shows include interviews and Tim
McCarver's
commentaries. New audio shows are broadcast each week and
will be broadcast
on video shortly. Upcoming interviews include such sports figures
as
Michael Jordan, Mark McGwire, and John Elway.
A website's ability to attract a significant amount of traffic has
become vital to its online development strategy. Strategic
alliances have
been a key element of Entertainmentblvd.com's success.
Entertainmentblvd.com's associations with companies such as
Real Networks,
Worldcom/Cable & Wireless, and Marathon Sports have been
engineered to
provide the maximum quality of content, technology, and product
fulfilment
available.
### DISCLAIMER
Forward looking statements in this press release are made
pursuant to
the "Safe Harbor" provisions of the Private Securities Litigation
Reform
Act of 1995. Investors are cautioned that such forward looking
statements
involve risks and uncertainties, including, without limitation, the
continued popularity of the Company's websites and product
orders stemming
therefrom, increased levels of competition, technological change,
dependence upon third party suppliers, and other risks.
TEL: (877) 711-7788 Art Brown, Investor Relations
Sedmet Exploration, Inc.
(c) 1999 Market News Publishing Inc. All rights reserved.
Tel:(604) 689-1101 Fax:(604) 689-1106
RapidFAX (tm) - To get the NEWS as it happens, call (604)
689-3041.
Companies or Securities discussed in this article:
Symbol
Name
NASDAQ:SDMT
Sedmet Exploration Inc
----------------------------------------------------------------------
SEDMET EXPLORATION INC - Correction Nov 20 News
Release, I.R. Contact
Number [149]
Canadian Market News from Market News Publishing, Thursday,
December 10, 1998 at
12:01
Sedmet Exploration Inc. has entered into an agreement to acquire
International Net Broadcasting, L.L.C. Sedmet intends to issue
2.6 million
shares to complete the acquisition. Upon closing of the
transaction, the
combined companies will have 8.35 million shares outstanding.
International Net Broadcasting was founded in January 1997, by
former
music executives Stephen Brown and Robin Wren, experienced
professionals
with outstanding records of achievement in their fields. In his
twenty-seven year career, Robin Wren helped to establish
careers by
overseeing the promotion and marketing for such legendary
artists as Elvis
Presley, David Bowie, Dolly Parton and John Denver.
International Net Broadcasting functions under the name of
"Entertainment Blvd." as an Internet content provider, developing
content
in the areas of music, movies, and sports, as well as several
other areas
of interest. Entertainment Blvd. offers the highest streaming video
quality available for music, movies and sports while providing
video
technology which requires a download time of only a few
seconds.
The flagship site of Entertainment Blvd.
(www.entertainmentblvd.com)
is Vidnet, the most complete interactive
music video channel on the web.
Launched in March, 1998, Vidnet's viewer base has increased to
include fans
from over 115 countries. For its first three months, Vidnet was
receiving
2 to 3 million hits a month. Since then, the hits have jumped from
three
million hits a month to a high of fourteen million hits last month.
Music videos are available in a wide variety of musical formats,
including Rock, Urban, Country and Latin, and after watching the
videos,
viewers can purchase product immediately from Entertainment
Blvd. associate
Amazon.com. The site has received numerous awards, as can be
seen in the
site's Trophy Room. Reviewers include Microsoft, who gave
Vidnet four
stars, calling it one of the best music sites on the web. Nationally
renowned USA Today picked Vidnet as a Hot Site, and America's
#1
entertainment magazine, Entertainment Weekly, gave Vidnet an A
rating. In
addition, Vidnet was recently voted the number one site by
music.guide.com,
over sites like MTV, Rolling Stone, and Sonic Net's Streamland.
Newly-launched Screen Clips provides a service to movie-goers
around
the world. Movie trailers have been culled from all of the major
motion
picture studios. The opening page of Screen Clips offers a
retrospective
of classic film moments, and from there the individual clips are
separated
by date in the genres of "Coming Soon", "Now Playing", and "On
Video".
The most recent addition to the Entertainment Blvd. is the
just-launched Pro Sports Net. One of the sports' foremost
broadcast
personalities, Tim McCarver, just debuted his new talk show,
"McCarver One
on One." The weekly audio shows include Tim's commentaries as
well as a
two-hour segment focusing on interviews. New shows will be
broadcast each
weekend, and starting in early 1999, all new "McCarver One on
One" shows
will be broadcast on video. Upcoming interviews include such
sports
figures as Michael Jordan, Mark McGwire, and John Elway.
A website's ability to attract a significant amount of traffic has
become vital to its on-line development strategy. Strategic
alliances have
been a key element of Entertainment Blvd.'s success.
Entertainment Blvd.'s
associations with companies such as Marathon Sports, Real
Networks,
Internet service provider Worldcom/Cable & Wireless, and on-line
retailer
leader Amazon.com have been engineered to provide the
maximum quality of
content, technology, and product fulfilment available.
TEL: 1-888-649-5622 Craig Doctor, Investor Relations
(c) 1998 Market News Publishing Inc. All rights reserved.
Tel:(604) 689-1101 Fax:(604) 689-1106
RapidFAX (tm) - To get the NEWS as it happens, call (604)
689-3041.
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