WASHINGTON, Jan. 24, 2007 (PRIME NEWSWIRE) -- RHNMedia (a Nevada corp.) (Pink Sheets:RHNA) announced today that Garfield Antonio has joined the Company to serve as its Chief Financial Officer (CFO).
Garfield Antonio is a veteran investor with approximately twenty years of executive officer and banking experience. Mr. Antonio was recently instrumental in financings for Discovery Communications Inc. and Black Entertainment Television (BET). Mr. Antonio also specializes in risk analysis for investments in entertainment and media.
Atonn Muhammad, CEO stated, "As soon as we heard Garfield was interested in joining RHN I knew we were doing something right. We believe we have made a well informed choice recruiting Garfield to supervise and report RHN's financials. RHN's aim is to be completely transparent and totally compliant with investors' wishes and SRO's compliance."
Garfield Antonio stated, "I'm looking forward to working in RHN's dynamic atmosphere. The mix of RHN businesses and projects for 2007 and beyond will provide profitable challenges for us to rise to."
About RHNMedia
RHN.TV is the first 24 hour cable network dedicated exclusively to Hip Hop lifestyle and culture. RHN.TV currently broadcasts to approximately 22 million U.S. households. The Washington, D.C.-based network has a regular programming schedule devoted almost entirely to the Hip Hop marketplace with a targeted selection of programming centered on the foundation of Hip Hop's core elements: Deejaying, Emceeing, Break dancing and Graffiti.
Target Audience: 18-34 demographic, in both urban and suburban markets; certain programming is targeted towards the 12-24 audience
Distribution: RHN.TV can be seen in over 33 million U.S. households through Dish Network (Channel 9407), Comcast in Denver (Channel 55) and in L.A. on Adelphia through a programming agreement with CoLours TV. RHN.TV has been on air in the Washington, D.C. market through MHz since July 1, 2006. RHN.TV's distribution through OlympuSat provides 24-hour access to 15 million homes in 2005 growing to approximately 43 million homes by 2008. OlympuSat provides distribution through a multi-content agreement with Dish Network, Direct TV and the top 10 major cable channels. IP distribution of RHN.TV is offered through a partnership with ROO Group Inc. (OTCBB:RGRP)
Enjoy our web presence; www.rhn.tv, www.rhnmedia.com
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Forward-looking statements in this news release relating to the Company's expectations regarding RHMX demand and pricing are made pursuant to the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used herein, words such as "expect" and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on assumptions made by and information available to RHNMedia. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward looking statements include, without limitation, the future demand for, and sales volumes of, the Company's products, future production volumes, efficiencies and operating cots, increases or decreases in the prices of the Company's products, the Company's future stability and growth prospects, the Company's future profitability and capital needs, including capital expenditures, and the outlook for and other future developments in the Company's affairs or in the industries in which the Company participates and factors detailed from time to time in the Company's periodic reports filed with the United States Securities and Exchange Commission, and other regulatory authorities. The Company has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.