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Monday April 12, 1:29 pm Eastern Time Company Press Release Nightwing Entertainment Group Inc. Acquires 80 Percent Interest in I-ZONE State-of-the-Art Entertainment/ Business Communications Centers I-ZONE Plans to Take Outside-the-Home Entertainment to New Levels In High-Tech, Multimedia Environment NEW YORK--(BUSINESS WIRE)--April 12, 1999-- Nightwing Entertainment Group Inc. (OTC BB:NIGI), has acquired an 80 percent interest in I-ZONE, a company engaged in the design, construction and franchising of location-based high-tech entertainment and business communications centers. At the same time, Nightwing Entertainment has received commitments for funds required for the construction of the first two I-ZONE prototype sites in New Jersey and California. Offering a comprehensive choice of entertainment for all ages, as well as teleconferencing and communications services for businesses, the I-ZONE concept launches a new dimension in location-based entertainment. Each I-ZONE complex anticipates housing 20 separate suites featuring 100 inch high definition television screens, THX surround sound and state-of-the-art video game equipment in a luxurious, private and secure environment. Plans call for I-ZONE guests to utilize in-suite computers to order their food and beverages -- as well as select from thousands of movies, video games, sports, pay-per-view events, convergence technologies, education/information programming, Internet access and karaoke. Each I-ZONE also intends to offer on-site video and audio recording facilities, enabling guests to produce and record their own video or audio projects for either recreational or business applications, using a wide range of backgrounds and special effects. For its business guests, I-ZONE plans to provide global teleconferencing, high-speed Internet access and on-site ''in-studio'' productions for satellite or Internet distribution. The design plans for each I-ZONE complex include a Control Room for the playback of movies and video games to each of the suites, with guests having the ability to choose from various suite sizes, depending upon the number in their party. Larger I-ZONE suites are projected to accommodate up to 30 people. Current plans call for guests to pay an hourly suite rate, in addition to any pay-per-view, communications and food/beverage charges. I-ZONE also plans to establish licensing and promotional agreements with major entertainment studios and independents for the playback of movie and television programming, as well as to provide preview showcases for upcoming motion picture releases and television premieres. The designer behind I-ZONE is its president, multi-award-winning space designer Eric A. Brown. During Brown's more than 20 years' experience in the location-based entertainment industry, he has earned an industrywide reputation for his cutting edge creations in more than 300 establishments, including the famed Copacabana, Regines and New York, New York. As visitors enter the I-ZONE complex, design plans envision them immediately surrounded by a futuristic multimedia presentation montage of visuals, lighting and decor that resembles the deck of a 21st century space vessel. Plans are also underway to have ''The Outer Zone'' entrance area feature a high-tech, interactive merchandising center, where visitors can purchase I-ZONE-licensed souvenirs. ''From my more than 20 years of experience, I am convinced that today's young adults want their outside-the-home entertainment to combine a virtually limitless choice of options in a private setting. I-ZONE is designed for kids, young adults and adults as an ideal entertainment destination, combining an almost endless menu of movies and games with the most current technology in a fun and stimulating futuristic environment,'' said Brown. I-ZONE is an 80 percent subsidiary of Nightwing Entertainment Group, a leisure and entertainment company whose interests also include film, television and merchandise marketing. The reader is advised that this release contains forward-looking statements of the company and that a variety of factors could cause the company's actual results and experience to differ materially from the anticipated results or their expectations expressed. Additional information regarding those factors is available upon request. Contact: SSA Public Relations Steve Syatt, 818/501-0700 Kerri Tarmey, 212/679-4750 Joe PTG&LI !!! allstocks.com | ||||||||||||
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