PHOENIX, Oct. 24, 2006 (PRIMEZONE) -- B2Digital (OTCBB:BTOD) has completed its due diligence regarding its intent to purchase assets of an Arizona cable operation. The Company previously announced the non-binding letter of intent to purchase over 2,000 cable television subscribers in Arizona on September 10, 2006. The Company's next step is to negotiate and execute a definitive agreement. It is the Company's intent to make such purchase with payment for the assets by a combination of cash, common stock, and assumption of the liabilities and debts of the operation. If completed, this transaction will allow the Company to take the first step into an ever-expanding cable television market. Under the new concept, subscribers will be able to view total DVD quality video services along with the HD services that are available. It is the intent of B2Digital to convert the standard cable television network into a streaming television network. B2Digital will also be adding Internet services for the current subscribers by use of the current cable system network. Beyond this concept, B2Digital will expand the Internet services in the near future to offer wireless services within the service area.
About B2Digital, Incorporated
B2Digital, Incorporated is a provider of secure and reliable pay-per-view, video-on-demand, and digital services to the hospitality industry. The company is currently operating pay-per-view, broadcast-free-to-guest TV and broadband digital services in hotel rooms in North America.
Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. When used in this press release, the words "intends," "expects," "plans," "will" and similar expressions are intended to identify forward-looking statements. These are statements that relate to future periods and include, but are not limited to, statements regarding our adequacy of cash, expectations regarding net losses and cash flow, statements regarding our growth, our need for future financing, our dependence on personnel, and our operating expenses. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. These forward-looking statements speak only as of the date hereof. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in B2Digital's Form 10-KSB filing and other filings with the U.S. Securities and Exchange Commission (available at http://www.sec.gov). B2Digital undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise.