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Sedmet Exploration, Inc. (OTC Bulletin Board: SDMT - news) 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. 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. | ||||||||||||||
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