IRVINE, Calif., Aug. 15, 2005 (PRIMEZONE) -- Oxford Media, Inc. (OTCBB:OXMI), a leading digital solutions company providing secure, high-quality distribution of digital video and Internet content today announced the acquisition of Creative Business Concepts, Inc. (CBC), a privately held company specializing in network security and systems integration.
CBC's core business easily adapts to the Video on Demand and wireless services platforms, which are increasingly in demand in the hotel lodging industry. Secure distribution of content to on-site video servers and constant off-site monitoring of systems is paramount.
CBC has proven track record for its technology and customers already include Trader Joes, The Salvation Army, Superior Court of California and Eisenhower Medical.
Tom Hemingway, CEO and Chairman of Oxford Media, Inc. states, "The addition of CBC instantly impacts our senior management team. They are very experienced, and will help us increase the reach of Oxford all while complementing our reach into targeted markets."
Mr. Hemingway continues, "CBC's revenues and solid customer base instantly add a strong growth component for Oxford."
Richard Shafer, Chief Executive Officer, of Creative Business Concepts, Inc. said, "The merger of CBC and Oxford permits CBC to expand its systems and product coverage to over 40,000 lodging properties across the country. This enhanced footprint could not have been realized on our own."
Currently, Oxford and CBC contract work between the companies. Continued economies of scale will provide a beneficial platform for increased revenues and profits in the near future.
About Oxford Media
Oxford's primary business is the delivery of Video on Demand to a segment of the hotel industry not previously served and able to offer such services to their guests. The underserved market of hotel properties with 50 to 300 rooms make up over 56% of the hospitality market with over 2.4 million total rooms. Oxford's newly designed and proprietary Video on Demand system allows smaller hotel properties to offer first run Hollywood hits at a much lower cost than previously available in the industry making this market accessible and profitable. Hotels served by Oxford's system will have the future optional ability to broadcast video and broadband access wirelessly to underserved markets in the broadband and cable markets. Please additional information, please visit www.oxfordmediacorp.com.
Safe Harbor
Statements herein express management's beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, the ability to negotiate acquisitions; properly identify acquisition partners; adequately perform due diligence; manage and integrate acquired businesses; react to quarterly fluctuations in results; raise working capital and secure other financing; respond to competition and rapidly changing technology; deal with market and stock price fluctuations; and other risks. These are and will be detailed, from time to time, in Oxford Media, Inc.'s Securities and Exchange Commission filings, including Forms 10-KSB, 10-QSB and 8-K. Actual results may differ materially from management's expectations.