CORAL SPRINGS, Fla., May 23, 2002 (PRIMEZONE) -- Sun Network Group, Inc. (OTCBB:SNNW) today announced that it has retained two companies to assist in implementing an investor relations program in Europe because of increasing interest in SNNW and its stock.
Charles Van Musscher, who is assisting SNNW in listing the Company's stock on the Frankfurt Exchange will, in conjunction with The Geneva Group, Inc., direct the Company's investor relations program with a significant focus on the German investor market.
Mr. Van Musscher has arranged for and will accompany T. Joseph Coleman, CEO of SNNW, for an extensive series of meetings with financial industry representatives in Munich, Frankfurt, Dusseldorf and Berlin. These meetings, commencing Monday, May 27, will involve investment bankers, broker-dealers, financial publications, independent financial journalists, analysts, investment advisors, fund managers, financial communication channels and related organizations. The meetings are designed to provide an informational base for SNNW's present investor relations program.
Charles Van Musscher has been in the securities business for ten years and has extensive experience in trading securities, international financings and corporate promotional campaigns.
The Geneva Group, Inc. will also assist the Company in its investor relations campaign and introduction to strategic business partners in Europe. The Geneva Group, Inc. is a public relations consulting firm that assists U.S. and Australian public companies in Europe, predominately in Germany. The Geneva Group concentrates on emerging growth situations and companies with outstanding technologies in IT-solutions, software, telecommunications, Internet and entertainment related businesses.
SNNW is the parent company of the RadioTV Network, Inc ("RTV"), a new television network that produces and distributes television adaptations of top rated radio programs. RTV intends to develop and expand its TV network concept into European markets, initially concentrating on Germany via a joint venture with a European broadcasting entity. RTV anticipates identifying its initial European TV program prospects in the 2nd quarter of 2002.
T. Joseph Coleman, Chief Executive Officer of Sun Network Group, Inc., said, "We've had preliminary discussions with interested parties with regard to forming a RadioTV Network Europe. We sincerely believe that the concept of repurposing top rated radio programs that has worked so successfully in this country will be received very favorably in Europe. We believe these two firms will assure that our compelling story reaches a much larger European investor audience."
For more information on Sun Network Group, Inc., please visit their Web site: www.sunnetworkgroup.com or contact:
Stephen Kern Investor Relations 323.937.4022 sjkern@pacbell.net
This announcement contains forward-looking statements about Sun Network Group, Inc., that may involve risks and uncertainties. Important factors relating to the company's operations could cause actual results to differ materially from those in forward-looking statements and are further detailed in filings with the Securities and Exchange Commission available at the SEC website (http://www.sec.gov). All forward-looking statements are based on information available to Sun Network Group, Inc. on the date hereof, and Sun Network Group, Inc., assumes no obligation to update such statements.