CORAL SPRINGS, Fla., June 10, 2002 (PRIMEZONE) -- Sun Network Group, Inc. (OTCBB:SNNW) today announced that it is in negotiations to acquire Sports Byline USA. Sports Byline USA is America's No. 1 Sports Talk Show. Now in its 13th year, Sports Byline USA has become one of the most popular radio sports talk networks in the country, being heard on nearly 200 radio stations and by 2.2 million listeners per week. Additionally, Sports Byline is heard internationally on 500 stations of the Armed Forces Network as well as in Canada and the Virgin Islands.
Beginning in early 2002 Sports Byline USA began providing an interactive sports talk channel on Sirius Satellite Radio ... the next generation of broadcast communications. Sirius Satellite Radio broadcasts 100 channels of news, sports, music and entertainment programming, with digital quality sound and seamless coast-to-coast coverage, directly to subscribers' vehicles.
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 has been developing its network for over three years and has successfully tested its business model in the Chicago and Pittsburgh markets. The RTV format capitalizes on the enormous cross-promotional synergies between the radio and TV audiences and the instant brand awareness generated by the known personalities.
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 Web site (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.