IRVINE, Calif., Sept. 20, 2005 (PRIMEZONE) -- Oxford Media, Inc., (OTCBB:OXMI), a designer and marketer of proprietary Video-On-Demand and pay-for-view entertainment systems, offering first-run movie content and network connectivity to the hotel industry, announced today the acquisition of IT Networks, Inc. ("IT Net"). IT Net is a privately held boutique technology firm specializing in Business and Organizational IT Consulting, Security Architecture, VoIP, Infrastructure Design, Migration and Project Management and Convergence located in Orange County, California.
IT Net is well positioned in the technology consultative markets having developed critical relationships with its corporate clientele for over 15 years. The depth of engineering expertise and leadership within IT Net will complement Oxford Media's wholly-owned subsidiary, Creative Business Concepts ("CBC"), adding depth of experience, capacity and technology management to their current engineering division. CBC specializes in network security and systems integration with a proven track record for its technology. Customers already include Trader Joes, The Salvation Army, Superior Court of California and Eisenhower Medical.
"The addition of IT Net immediately expands our product and support services necessary for our customers, as well as fulfilling our strategic goals and leadership," states Tom Hemingway, President and CEO.
"The merger allows IT Net immediate growth and the ability to provide our expertise, support and services to the lodging industry across the country," states Gregg Stempson, President and CEO, IT Networks, Inc.
About Oxford Media, Inc.
Oxford Media is a leading developer of Private Broadband Networks (PBN) and proprietary software and hardware, which allows for the delivery of low-cost broadband Internet access as well as video and audio content on demand on a Pay-Per-View basis. The initial line of business is the delivery of Video-On-Demand and pay-for-view entertainment content to small and mid-sized hotels and motels -- a segment of the hotel industry previously underserved and unable to offer such services to their guests. This targeted market of hotel properties with between 50 to 300 rooms, comprises over 2.4 million hotel rooms in the U.S. and represents approximately 56% of the total hotel market. www.oxfordmediainc.com
Special Note Regarding Forward-Looking Statements: Statements in this news release about anticipated or expected future revenue or growth or expressions of future goals or objectives, including statements regarding whether current plans to grow and strengthen the Company's existing business, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All forward-looking statements in this release are based upon information available to the Company on the date of this release. Any forward-looking statements involve risks and uncertainties, including the risk that the Company will be unable to grow or strengthen its business due to a lack of capital or an inability to identify acquisition candidates and that the Company may not realize anticipated cost savings or revenue growth opportunities associated with any acquisitions, planned or otherwise. Additionally, forward-looking statements concerning the performance of the Company's business are based on current market conditions and risks, which may change as the result of certain regulatory, competitive or economic events, as well as those risks and uncertainties described in the Company's filings with the Securities and Exchange Commission, which could cause actual events or results to differ materially from the events or results described in the forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements.