NEW YORK, April 5, 2004 (PRIMEZONE) -- Cyper Media, Inc. ("Cyper") (OTCBB:CYPM) is pleased to announce that the company has signed an agreement with Animation Director Hyun Chan Lee to co-produce various contract animation projects.
Mr. Lee has substantial experience in animation and has been working since 1979 on various shows, most notably "The Simpsons."
Some of the other animation projects Mr. Lee worked on are: Muppet Babies (1990 USA), My Little Pony (1992 USA), Mission Hills (2000 USA), What's up Mimi (2002 Canada) and The Proud Family (2002 USA).
Duk Jin Jang, CEO of Cyper commented: "By bringing in a veteran animation director like Mr. Lee, this will not only help Cyper's production, but also bring in more business to us and further solidify Cyper's core business in 2D animation.
"We are on our way of achieving a consistent cash flow from our OEM 2D animation business. With Digital Dream Entertainment focusing on Japanese anime business, and our future plans of bringing Europe and North America animation business into our fold, Cyper will continue to bring value to our shareholders."
About Cyper Media
Cyper (http://www.cypermedia.com) is a 2D/3D digital animation production company, producing its own proprietary content and providing services to the television, commercial and film industries globally. The Company develops and produces 2D and 3D digital animation for television, Original Video Animation, short films, 2D and CGI feature films, music videos and multi-media applications such as video games. Cyper intends to acquire business opportunities to build revenues while building a library of quality movies and TV series. Current Projects include, `The 5th Glacial Epoch,' a full-length feature film with a distribution LOI signed by MGM and "OMRoid," a TV animated series that has already sold over 10,000,000 toy items. In addition, Cyper is negotiating to produce `Hobie & Chewby,' a 26-episode proprietary TV show and two additional animated TV series, `Kollang' and `Q-Pet.'
All forward-looking statements contained herein are deemed by the company to be covered by and to qualify for the safe harbor protection provided by the Private Securities Litigation Reform Act of 1995 (the `1995 act'). Shareholders and prospective shareholders should understand that several factors govern whether any forward-looking statement contained herein will be or can be achieved, any one of those factors could cause actual results to differ materially from those projected herein. These forward-looking statements include plans and objectives of management for future operation, including plans and objectives relating to the products and the future economic performance of the company. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economy, competitive and market conditions, future business decisions, and the time and money required to successfully complete development projects, all of which are difficult or impossible to predict accurately and many of which are beyond the control of the company. Although the company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of those assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in any of the forward-looking statements contained herein will be realized. Based on actual experience and business developments, the impact of which may cause the company to alter its marketing, capital expenditure plans or other budgets, which may in turn affect the company's results of operations in light of the significant uncertainties inherent in the forward-looking statement included herein, the inclusion of any such statement should not be regarded as a representation by the company or any other person that the objective or plans of the company will be achieved.