SANTA MONICA, Calif., Nov. 6, 2002 (PRIMEZONE) -- InternetStudios (OTCBB:ISTO) announced today that Mr. Robert D. Cain has joined its Advisory Board.
Mr. Cain holds degrees from Harvard as well as the Wharton School at The University of Pennsylvania where he earned an MBA degree with honors. Mr. Cain was Head of Business Development for Spelling Entertainment in the mid 90's. Subsequently, Mr. Cain has acted as an advisor to most of the major Hollywood film studios, including Warner Brothers (NYSE:AOL), MGM/UA (NYSE:MGM), and Universal (NYSE:V) and has consulted in various capacities to NBC, DIRECTV (NYSE:GMH) and JP Morgan Investment Banking Group (NYSE:JPM). Over the course of his career, Mr. Cain has participated in the raising of more than $100 million for entertainment ventures.
Robert Maclean, Chairman of InternetStudios commented, "Needless to say, we are thrilled to have someone of the caliber of Rob Cain join the Internet Studios team. Rob's credentials really speak for themselves. Rob Cain's addition is major coup for any company and he will be extremely valuable in assessing the new corporate direction for the Company."
InternetStudios' primary strategy over the next 12 months is to move towards integrating its existing online marketing capability with more traditional releasing and distribution activities and to aggressively acquire undervalued media assets.
InternetStudios, through its subsidiary OnlineFilmandTVSales (OFTVS) owns the most advanced and proprietary online platform & database to transact film and television rights globally. For more information about Internet Studios, visit http://www.internetstudios.com.
Investor Communications 1-888-784-6166 ext.1 or email ir@internetstudios.com
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.