FT. LAUDERDALE Fla., Sept. 29, 2005 (PRIMEZONE) -- FSBO Media Holdings Inc. (Pink Sheets:DSCH) and subsidiary FSBO Web Tv Inc. -- www.forsalebyownerwebtv.com or www.fsbowebtv.com -- have entered into a Letter of Intent to acquire national publishing association, FSBO Network LLC.
The "For Sale By Owner" or FSBO Network LLC association was established in 1994 and has grown to approximately 50 publishers nationwide. The Official Website of For Sale By Owner publications nationwide is www.fsbonetwork.com .The members print more than 1,549,418 magazines a month that are delivered to 23,914 locations around the United States. The magazine reaches more than 2,943,894 consumers, buyers and sellers each month.
Alan Cramer, Managing Partner of The FSBO Network Association commenting about the rollup of the independent FSBO publishers nationwide said, "The For Sale By Owner concept of consumers selling their homes on their own and cutting commissions by as much as 75% is gaining speed and confidence in today's real estate markets nationally. He also added, "Basically the For Sale By Owner or FSBO industry is in its infancy and is about to explode."
In closing Cramer commented, "The results of the acquisition will benefit both companies as it will set up new avenues of sales, marketing, distribution, national advertising and future franchise opportunities which will enhance the growth of the FSBO Network of publishers and FSBO WebTv."
Presidential Holdings has incubated FSBO TV Inc., a media content and service's company. FSBO TV's mission is to advertise real estate listings and sales and other associated products and services via the Internet. Consumers can buy and sell their property on a flat fee basis through its video driven web sites www.forsalebyownerwebtv.com or www.fsbowebtv.com . Individuals that want to sell their home on their own could save thousands of dollars in real estate commissions. FSBO TV also utilizes conventional forms of media advertisement such as TV, print and radio. Other service providers will be able to advertise services and products through the FSBO TV network of affiliates. FSBO Tv Inc. will also seek to acquire other businesses related to the real estate industry as well as other providers of media content.
The services that are provided to the home seller will be supported by a team of established real estate agents, mortgage loan officers, title agents, attorneys and other professionals involved in the real estate industry throughout the nation via FSBO WebTV format and combined with other traditional forms of media.
This media release may contain forward-looking statements regarding but not limited to management, market potential, distributor success, market size, international sales, uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could change actual results. Investors should refer to factors that could cause actual results to vary from current expectations and the forward-looking statements contained in this media release.