BEVERLY HILLS, Calif., May 24, 2011 (GLOBE NEWSWIRE) -- Wordsmith Media, Inc. (Pink Sheets:WDIS) announced today it has completed a new strategic organizational structure for operations in the U.S. and Europe. Each part of the new structure was developed for optimal implementation of the company's business plan in key areas including acquisition targets, wholly-owned U.S. and European subsidiaries and steps to trade the subsidiaries on two European exchanges. Wordsmith officers have been in talks with St. Helens Capital Partners, LLP in London for the registration and trading of its European subsidiary, Pub Media Group (PMG) on the London Plus Market and continued product development for the 50,000 pubs in the U.K. for its advertising product, Pub & Ale Magazine. In addition, Wordsmith has been working with its attorneys in Malta for Wordsmith Media Europe in a similar arrangement on a comparable European exchange. The products and services underway in both the U.K. and Malta (an EU country), allow partners to capitalize on the devalued dollar even in light of the growing concerns for major European currencies. U.S. products and services in Europe present a strategic discount to European customers and highlight the advantage that respective currencies have on the U.S. Dollar. Generating revenue in Europe as wholly-owned subsidiaries of a U.S. company provides a strategic advantage to Wordsmith Media, Inc. as well.
The company presently has several web sites in development and is also in talks with two acquisition targets for the digital publishing and data mining environment. In addition, Wordsmith Books has positioned its entry into the digital market in light of recent developments in e-book publishing. Wordsmith Books' Reid Boates recently reported, "according to Publishers Weekly Online, May 19, 2011, e-books continue to advance phenomenally, still racking up monthly year-to-year gains in excess of 156%. A segment that barely existed five years ago now generates some $233.1 million in revenue, precisely as predicted for at least three years in our own documented projections. The inherent beauty in this publishing format, not unlike iTunes, is the relatively modest cost of production, inventory and the like. As products, e-books have at least five times the profitability of traditional hard copy books. Further, on May 20th, it became official that Barnes & Noble was involved with a takeover bid from Liberty Media that will exceed $1 billion. This is fantastic and very settling news for the entire industry," Boates concluded.
Rounding out Wordsmith's strategic structure, the company has streamlined its position in the magazine market to compete both digitally and in niche hard copies. Documentary film production which began in 2010 is the focus of the upcoming issue of Sacred History Magazine highlighting the subject of the company's new ground breaking documentary on the Shipwreck of St. Paul. More regular updates on the company's progress in each of the areas of the new organizational structure will be provided in separate press releases relating to the specific projects.
About Wordsmith Media, Inc.
Wordsmith Media, Inc. is a brand-driven company specializing in non-fiction, historical and cultural media, operating a global content network throughout the U.S. and Europe for television broadcasting, DVDs, books, e-books, enhanced e-books and more traditional magazines. Over the past five years, the company has partnered with other key media companies such as The History Channel, A&E Network, National Geographic and Walt Disney Pictures.
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Certain information contained in these materials is "forward-looking" information, such as projections, estimates, pro formas, or statements of intentions, expectations or plans. All forward-looking information is subject to known and unknown risks and uncertainties, many of which are outside of the control of the Company. Consequently, actual results may, and probably will, differ materially from the results contemplated in such forward-looking information.