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Players Network, Inc. ("PNTV") is a closed circuit gaming educational and entertainment television network for Hotels/Casinos, especially in locales where gaming is legal. Earlier today, Networks North, Inc. ("NETN") announced today that they had recently signed an exclusive ten (10) year marketing and distribution agreement with Players Network, Inc., (OTCBB:PNTV). Under the executed agreement, Networks North Inc. will market the 24 hour digital network developed by Players Network to Casinos and Hotels throughout Canada. This is signifigant news for Players Network and creates greater exposure for the company and their programming. Players Network programming is available in various Hotel/Casinos in Las Vegas. Please check out the these web sites in reference to additional information about Players Network: playersnetwork.com microcapworld.com The entire news release is detailed below. CLiNT SEP 08,1998 7:08 PACIFIC 10:08 EASTERN ( BW)(NETWORKS-NORTH)(NETN) Networks North, Inc., Acquires Exclusive License to All Products and Programs of Players Network, Inc., in Canada Business Editors/High Tech & Entertainment Writers TORONTO, Ontario--(BUSINESS WIRE)--Sept. 8, 1998--Networks North Inc., (NASDAQ:NETN) is pleased to announce that it has entered into an exclusive ten (10) year marketing and distribution agreement with Players Network, Inc., (OTCBB:PNTV) a publicly traded corporation. Under the executed agreement, Networks North Inc. will market the 24 hour digital network developed by Players Network to Casinos and Hotels throughout Canada. In addition to the digital network, through Networks North, Inc's., subsidiary Magic Lantern Communications, it will market all developed programs of Players in all markets including but not limited to; Television, Non-theatrical, Home Video, In-flight, Digital and Internet delivery. Networks North Inc., has paid a $50,000 rights fee and has agreed to pay Players a fifteen (15%) royalty on all gross receipts received from the exploitation of Players products and programs. For Networks North Inc., acquiring compelling content for distribution demonstrates the commitment to becoming a major player as a content provider to digital networks. "The high quality of entertainment and gaming programs developed by Players will be a key enhancement to our distribution networks, and open doors to new ones." said Peter Rona, President and CEO of Networks North, Inc. Networks North Inc.'s operating units include wholly owned Magic Lantern Communications Ltd., NTN Interactive Network Inc. (NTNIN), and 51% of Interlynx Multimedia Inc. NTNIN is the exclusive Canadian licensee of NTN Communications, Inc. (AMEX:NTN), a leading producer and programmer of interactive television, on-line and Internet entertainment. The NTN Entertainment Network distributes programming to more than 15 million participants per month at restaurants, sports bars, and other group viewing locations throughout North America, including over 525 in Canada with over 2.5 million participants. Interlynx Multimedia is a new media production and distribution company encompassing all aspects of electronic communications including computer based learning, CD-ROM, the Internet and World Wide Web. Players Network (OTCBB:PNTV), a Nevada corporation is the first digital 24-hour gaming and entertainment network which specializes in producing television programming to serve the rapidly growing gaming industry. Players Network delivers its 24-hour television channel directly into the hotel and casino guestrooms. The company's format is designed to educate new players and promote casino games and activities. With 180 million people a year visiting U.S. casinos, the industry is now the largest form of entertainment in the world. Programming includes shows on basic gaming instruction, news, sports and racing, entertainment and tournaments. Financial Statements in this press release (if any) other than historical facts are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results. CONTACT: Networks North Inc Peter Rona, 416/675-6666 | ||||||||||||
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