PALM SPRINGS, Calif., Nov. 12, 2004 (PRIMEZONE) -- Media Classics Group International (Pink Sheets:MCGI), an entertainment holding company, announced today that it has retained OTC Financial Network, a division of National Financial Communications Corp., to implement a comprehensive investor relations program.
Geoffrey Eiten, president of National Financial Communications, stated: "The library is valued at $16 million. Leveraging its core library of documentary films, animated programming and hundreds of feature films valued, Media Classics International expects to generate increasing licensing revenue from its expansive catalog of titles. Additional upside is expected through newly formed agreements, including direct, global distribution of entertainment products to the U.S. Navy and an industry-first offering of original animated art work from ENT INC."
Eiten concluded: "With significant inroads in international distribution of its products, Media Classics Group is poised to generate multiple sales channels for the benefit of its shareholders. We look forward to communicating this evolving investment story to the small-cap financial community."
John Anderson, president of Media Classics Group International, stated, "OTC Financial Network has been retained to help us expand our North American base of institutional and retail investors and enhance shareholder communications as we pursue our aggressive strategy for growth."
About OTC Financial Network
OTC Financial Network, a division of National Financial Communications Corp. (www.nationalfc.com) based in Needham, Massachusetts, is a full-service financial communications and investor relations firm that specializes in micro-cap companies. The Company's proactive campaigns are custom designed to strengthen each client's presence in the investment community by disseminating breaking news and fundamental positions to spheres of influence; building upon the client's existing shareholder base; and soliciting institutional coverage. For more information, visit http://www.otcfn.com.
About Media Classics Group International, Inc.
Media Classics Group International, Inc. is a holding company for a variety of entertainment assets; MCGI currently owns over 2,000 hours of stock film footage and documentary film, 24 hours of animated programming, as well as sports programming, music rights and various distribution rights to 110 feature films. The company is utilizing these core assets to create television programming, theatrical motion picture footage and children's educational programming to serve a broad range of institutional and consumer markets.
OTC Financial Network serves as special advisor to Media Classics Group International and has received fees for services, including a one-time fee of one million free trading shares of company stock paid by a third party. This is not an offer to buy or sell securities. Information or opinions in this release are presented solely for informative purposes, and are not intended nor should they be construed as investment advice. Full disclaimer information can be found online at http://www.otcfn.com/mcgi/disclaim.html.
This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements may be included in, but are not limited to, various filings with regulating government agencies, press releases or oral statements, all are made with the approval of an authorized executive officer of the Company. The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of Media Classics Group International, Inc. and the commercialization of the company's assets as described in this release and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.