DEL MAR, Calif., March 31, 2004 (PRIMEZONE) -- Pacificap Entertainment Holdings, Inc. (OTCBB:PFEH) (www.pacificapentertainment.com) has signed the agreement to create "The Boxing Channel" in conjunction with Global Boxing Promotions of Las Vegas. "The Boxing Channel" will air seven days a week and will have new and innovative boxing programming as well as live fights.
This will allow Pacificap's Cavalcade of Sports to showcase its nostalgic fight library. The footage includes some of the greatest fights featuring memorable champions such as Archie Moore, Carmen Basilio, Joe Louis, Muhammad Ali, George Foreman and many more.
Ed Litwak, President of Pacificap, stated, "This new contract will give us revenue starting in the third quarter of 2004 and continuing throughout 2005 and is just the first step of many in completing our business plan."
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