To: THOMAS GOODRICH who wrote (509 ) 3/30/1999 12:10:00 PM From: Michael Harb Read Replies (1) | Respond to of 688
(PR NEWSWIRE) New Discoveries Satellite TV Network Goes Global New Discoveries Satellite TV Network Goes Global SYDNEY, Australia, March 30 /PRNewswire/ -- New Discoveries Publishing Corp. (OTC Bulletin Board: NWDP), an e-commerce software company with special applications, has signed a Letter of Intent with Australia's Global Television Pty Limited to broadcast satellite gaming and sportsbook wagering activities around the world. The Letter of Intent sets out a framework for an agreement to be entered into between New Discoveries and Global Television to allow New Discoveries to broadcast its casino and sportsbook wagering satellite television programming directly from Global Television's Sydney studios. Under the proposed agreement, New Discoveries will use Global Television's production studios to produce the content for its two interactive gaming stations, to be officially launched in May. The agreement allows viewers who do not have Internet access, to participate and make wagers from the privacy of their own homes, through home telephones or GSM mobile phone networks. The satellite TV network will be focusing on key markets in Asia, Europe and the United States, reaching a potential audience of hundreds of millions of potential players. Global Television will provide their outside broadcast facilities and high-end digital post-production suites for New Discoveries' content. It is also contemplated that Global Television may manage the entire production of the TV network, including the co-ordination of program content, hiring of talent and assist in satellite distribution. Mr. Peter Michaels, CEO and Chairman of New Discoveries, said the proposed agreement would allow the company to broadcast its gaming and entertainment programs to hundreds of millions of satellite television viewers. "Nobody has taken this approach to entertainment before. This is a unique approach to online gaming and sportsbook wagering entertainment," he said. "We are fortunate to be able to use Global Television's world-class production facilities. We look forward to working with Global Television to produce, manage and handle the technical needs of New Discoveries satellite TV networks." Mr. Michaels said he believed the success of broadcasting live gaming shows through e-commerce software and multiple languages, would parallel those of other broadcasting network companies. Over the past three months since December 30 1998, to March 29 1999, Fox Entertainment Group has increased 21% from $22 4/8 to $27 5/16; CBS Corp. has increased 29% from $31 3/8 to $40 3/8; British Sky Broadcasting has risen 12% from $46 3/8 to $51 7/8; SBS Broadcasting has increased 23% from $24 7/8 to $30 5/8; and Cox Radio Inc. has risen 13% from $42 to $47 4/8. New Discoveries Publishing Corporation, a Nevada-based company, was formed in 1993 and approved for trading in September 1998. The Global Television Group is one of Australia's largest and most well equipped providers of television production facilities. Established in 1987, Global Television is a subsidiary of the publicly listed company, Television & Media Services Limited (ASX: TMS). Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time. For further information visit the company's website atwebcasinos.com SOURCE New Discoveries Publishing Corp. -0- 03/30/99 /CONTACT: Lauren Stewart, +612-9818-0950, or laurenstewart@ppr.com.au, or Jennifer Parker, +612-9818-0919, or jparker@ppr.com.au, both of Professional Public Relations for New Discoveries Publishing Corp./ /Web site: webcasinos.com (NWDP) CO: New Discoveries Publishing Corp.; Global Television Pty Limited ST: Australia IN: CPR CNO MLM SU: