ORLANDO, Fla., Aug. 23, 2005 (PRIMEZONE) -- Vision Works Media Group, Inc. (Pink Sheets:VSWM) announces that the board of directors of Vision Works Media Group, Inc. has voted to forward-split the outstanding shares of the common stock at a ratio of two shares (2) for every one share (1) of common stock held on September 30, 2005 by shareholders of record on that date. Company contact Naseem Shah said, "Every stockholder on September 30, 2005 that owns one share will then own two shares. The company has extended the effective date through September 30, 2005. The stock split further demonstrates our confidence in the business and our optimism towards the future. We believe the stock split should improve the liquidity and marketability of our stock."
Vision Works Media Group, Inc., the new independent film channel, which launched its service this month, has announced that the documentary 'Hijacking Catastrophe' will be the channel's programming centerpiece for August.
The film, released by the Media Education Foundation, is a superb and thought-provoking exploration of the manipulation of public opinion since the terrorist attacks of September 11, 2001. The filmmakers explore U.S. strategy, media coverage, military planning, and the conflicts that have resulted from the aftermath of the attacks.
"We want to inspire informed public debate about the issues affecting all of us in the world today," said Rick Erikson, New Screen TV's general manager. He added, "Documentaries like 'Hijacking Catastrophe' challenge us to re-examine our notions about how we are evolving as a nation in the face of a rapidly changing global threat, and that type of self-criticism can act as a catalyst for further refinements in our national strategy and outlook."
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition, and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.