To: CoffeePot who wrote (1693 ) 4/5/1999 3:51:00 PM From: dexx Read Replies (1) | Respond to of 2038
Princeton Media (ticker: PMGIF) acquires rights to create Internet site for SPICE adult entertainment! This stock deserves an immediate look. I'm told PMGIF is going to start moving today.The company has acquired exclusive U.S. rights from adult movie channel company Spice Entertainment (which is owned by Playboy) to create an Internet site. Adult entertainment Internet sites are huge and extremely profitable. With this name recognition, a million hits per day are expected. The Spice deal has been confirmed in "The Industry Standard; The Newsmagazine for the Internet Economy" which can be found at:209.1.23.84 . Here is some brief info about the company. Princeton Media Group, Inc. (OTCBB: PMGIF) 214 Brazilian Ave. Suite 300 Palm Beach, FL 33480 (561) 659-0121 Common Shares Outstanding: 4,178,722 Float: 3.5 million Fully Reporting 52 Week High: $3.25 (currently trading around $.10) Princeton Media Group (PMGIF), through its subsidiaries, publishes adult entertainment magazines. Probably the best known is OUI magazine. Over the past several years there has been a large decrease in rack sales outlets and the publications have not made a profit. Accordingly, PMGIF has divested itself of these subsidiaries by voluntarily turning the subsidiaries over to its creditors without filing bankruptcy. This explains the current low stock price. However, according to its recent 10Q, PMGIF has been looking for an Internet acquisition. Internet adult entertainment sites are huge business and made profits last year in the hundreds of millions of dollars. With this huge acquisition and adult entertainment's huge Internet revenues, PMGIF's stock price should be heading back up towards its 52 week high.