NEW YORK, July 24, 2003 (PRIMEZONE) -- Diversified Media Holdings, Inc. ("DMH") (Pink Sheets:DVHI), a media and entertainment acquisition company, has engaged Lepercq, de Neuflize & Co., Incorporated ("Lepercq"), a fifty year old merchant banking company with over two billion dollars in assets under management as advisors.
Lepercq with offices in Paris, New York, Washington D.C., and Hong Kong will advise DMH in a wide range of activities including corporate finance and business activities. Mr. Robert J. Kramer, Managing Director of Investment Banking will be the lead Lepercq advisor to DMH.
Patrick Grotto, Chairman and Chief Executive Officer of DMH said, "Lepercq and Bob Kramer will provide DMH not only with corporate finance and business advise, but will guide DMH's intended progression to become a fully reporting company and move from the Pink Sheets to a Small Cap company".
Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs and estimates as to projected market size are "forward looking statements." Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially from expected results. These forward looking statements represent the company's judgment as of the date of this release. The company disclaims, however, any intent or obligation to update these forward looking statements.