TOTOWA, N.J., Aug. 18, 2010 (GLOBE NEWSWIRE) -- Premiere Publishing Group, Inc (OTCQB:PPBL) is pleased to announce that it has closed the acquisition of Bold TV Corporation in its Bold Acquisition Corp. subsidiary. Bold TV is an internet based television network (www.myboldtv.com) which just recently launched its flagship show "Who the Hell is Dan Bruder?" The series is being compared to a rock version of shows like "Curb your Enthusiasm and "The Office." "Who the Hell is Dan Bruder?" is winning critical acclaim from both fans and industry insiders with its cutting-edge scripting and brand of humor. The series features musicians such as Liberty Devito (Billy Joel), John Ginty (Citizen Cope), Muddy Shoes (Southside Johnny) and Lorenza Ponce (Sheryl Crow, Bon Jovi) as well as a cutting-edge cast of actors who have this rock comedy jumping off the screen according to some critics.
Bold TV Corporation is in the business of creating, producing and distributing original web based television to a wide and diverse demographic audience. Other cutting-edge shows such as "The Bold TV Challenge," a reality based business plan contest that will ultimately give the winner $500,000 for the "Best Business Plan in America" is planned for the near future. Pilots for some of the other shows can be seen on the company web site.
CEO Omar Barrientos commented, "We are looking at a host of high traffic opportunities which cost very little to produce and offer the potential for a significant return through a branded television venue as well as opportunities for other advertiser driven revenue streams."
Barrientos also stated, "In addition to our organic growth through our original web based programming, we are actively reviewing a number of potential acquisition candidates that have significant cash flow and can be bought using the expertise of our acquisition team. This is a very exciting time for us at Premiere and we expect to implement our 'Buy and Grow' acquisition strategy for several years."