PHILADELPHIA, June 16, 2004 (PRIMEZONE) -- RuffNation Films LLC, a subsidiary of TriMedia Entertainment Group, Inc. ("TriMedia") (OTCBB:TMEG) and Sony Music, a Group of Sony Music Entertainment, Inc. ("Sony Music"), plan to release two films in the summer of 2004 under their "Charles Street" co-venture for film and music.
Charles Street will release "Snipes" starring world-renowned hip-hop/rap star Nelly and Frank Vincent, who is currently starring in the HBO series, "The Sopranos." Snipes was previously released primarily for DVD/Home Video rental markets in the United States. The retail release of Snipes will be the first TriMedia release in the United States of the DVD and CD soundtrack in a combined package for consumers.
Additionally, this summer Charles Street will be releasing for retail distribution the movie "Train Ride." "Train Ride" features Wood Harris from the HBO series, "The Wire" and hip-hop legend M.C. Lyte.
Chris Schwartz, Chairman and CEO of TriMedia stated, "I am extremely pleased that Sony has endorsed our strategy relating to the DVD and CD soundtrack markets as indicated by the planned release schedule of 'Snipes' and 'Train Ride' for later this year. Once again Sony is taking the lead in generating entertainment projects for the Hip Hop, R&B and urban lifestyle markets. Hip Hop is a global phenomenon, it has become a major part of popular youth culture worldwide. Our relationship with Sony will allow us to penetrate those markets with great music and film projects."
About TriMedia
TriMedia is a multimedia entertainment group with a focus on developing entertainment content. TriMedia's areas of operation presently include a recording studio, a film production operation, record label operations and music publishing division.
Forward Looking Statements
Other than historical information set forth herein, this announcement may contain forward-looking statements that involve risks and uncertainties.
Actual results, events and circumstances (including future performance, results and trends) could be materially different from those set forth in this announcement due to various factors, risks and uncertainties, including but not limited to, risks associated with TriMedia's future growth and operating results, the uncertainty associated with obtaining sufficient financing, the uncertainty of market acceptance of the TriMedia's products, technological change, competitive factors and general economic conditions.
Except as otherwise required to be disclosed in periodic reports required to be filed by companies registered under the Securities Exchange Act of 1934, as amended, and by the rules of the Securities and Exchange Commission, TriMedia has no duty and undertakes no obligations to update such statements after the date hereof.