PENNY ALERT: GNNX
Genesis Media Group, Inc.Enters into Letter of Intent withWorld Dot Com, Inc.to Create an E-Commerce Site.
LOS ANGELES, March 25 /PRNewswire/ -- Genesis Media Group, Inc., (OTC Bulletin Board GNNX) has entered into a Letter of Intent with World Dot Com, Inc., a New York based Firm, to create an entertainment E-Commerce Site.
Genesis will provide World Dot Com with the Internet marketing and distribution rights for certain finished products, including but not limited to: 50 musical albums from the company's library, pre-recorded video and audio products, text products, and other entertainment products contained in the Genesis Multi-Media Library.
In return for Genesis granting the Internet marketing and Distribution rights to World, World has agreed to pay to Genesis a substantial advance. Genesis will also receive substantial profits from the sale of each unit of finished product.
World Dot Com, Inc., is a New York based firm, focusing on high speed, wide band Internet connectivity, and all aspects of Internet services. World is also a Web site design and advertising firm, with a high degree of expertise and ability in Internet marketing and distribution. World handles the whole process of, design, print, media, Internet advertising, E-Commerce store front's, from graphics planning, to targeted marketing.
World provides low cost Nationwide Internet Access, to include: 56k, single and dual channel ISDN and xDSL. Additional services include, but are not limited to, personnel and commercial hosting, including Real Server, and Streaming Audio / Video. World Dot Com is located on the World Wide Web at: world123.net.
Genesis is excited at the opportunity the company now has to branch out into the Internet arena. With the opening of an aggressive growth strategy by the newly elected Board of Directors, and the new efforts of Genesis to engage in Internet marketing and distribution projects, the company anticipates increased global exposure and sales. This should prove to be very positive coarse of action for the Company and its shareholders.
The business alliance between Genesis Media Group, Inc., and World Dot Com, Inc., compliment each other to form the marketing, business, and technical expertise necessary to create increased global visibility and sales. Genesis believes this alliance will take advantage of the vast opportunities available in the Global Internet Market today, along side other companies such as: Amazon.Com, Inc., CDnow / N2K, Inc., TCI Music, Inc., and others.
Safe Harbor Act Disclaimer:
The forward-looking statements in this release involve risk uncertainties, including but not limited to the successful completion of the projects. Successful completion of these projects are subject to a number of uncertainties and unforeseen events. There can be no assurance of the goals of the company, to be realized.
Forward-looking statements represent the company's beliefs and expectations concerning future events. These forward-looking statements are qualified by important factors that could materially impact the company's business and it's abilities to complete these projects.
SOURCE Genesis Media Group, Inc.
CO: Genesis Media Group, Inc.; World Dot Com, Inc.
ST: California, New York
IN: ENT MLM
SU: JVN
03/25/99 14:21 EST prnewswire.com |
