PHOENIX, April 5, 2004 (PRIMEZONE) -- ViaStar Media Corporation (OTCBB:VISH) announced today that it has entered into an agreement to have Bond Capital Management act as lead placement agent with respect to a private offering of its common stock resulting in gross proceeds to the Company of approximately $3 million. Having raised in excess of $5 billion in financing for its clients, Bond Capital will assist the Company in its finance and corporate activities regarding mergers and acquisitions, capital structure and sources, strategic alliances and partnerships, as well as guiding the Company through a first tier investor relations program, public marketing program and exposure to the financial community with both retail and institutional investors through their vast broker dealer network.
The proposed offering will be made only to accredited investors in accordance with Section 4(2) of the Securities Act of 1933 and the rules and regulations promulgated thereunder. The securities offered will not be registered under the Securities Act of 1933 or any state securities laws and unless so registered may not be offered or sold in the United States (or to a U.S. person), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933 and applicable state securities laws. The Company has agreed with Bond Capital, in its capacity as placement agent, to file a registration statement with the Securities and Exchange Commission to register the shares of its common stock placed in this offering within 60 days of the commencement of this offering.
John D. Aquilino, ViaStar's President and CEO stated, "We are very pleased with this vote of confidence from the financial community and to be in business with such and accomplished firm. Mr. Bond's extensive background, including the funding of many Motion pictures and entertainment related ventures, will play a significant role in assisting ViaStar in meeting our goals for the growth our business. By retaining Bond Capital, ViaStar will generate the necessary resources to meet the expected market demand created by the development of our artists and distribution agreements."
About Bond Capital Management
Based in Los Angeles, Bond Capital Management, Inc. delivers innovative capital formation, financing and strategic advisory services. In the private and public markets, Bond Capital assists with debt and equity funding, initiates, structures and negotiates mergers, acquisitions and divestitures.
Bond Capital is a microcap specialist. This sector is often too small for traditional investment banking firms, yet big enough to require sophisticated senior management expertise making a niche for Bond Capital to assist with.
Bond Capital enables clients to move quickly as they seek to broaden into new markets or to sharpen their focus on core opportunities through acquisition, divestiture or corporate alliances.
Bond Capital is committed to developing long-term relationships with businesses by offering solutions to their capital needs. Investments are structured to provide companies with the strength to grow and reach their potential.
For more information visit Bond Capital Management's web site at http://www.bondcapitalmanagement.com
About Illya Bond, Chief Executive Officer Bond Capital Management
Illya Bond, Chairman, has over 25 years experience in the investment-banking industry and has participated in the underwriting of over $1 billion in real estate, alternative energy and Synfuel projects, working with Merrill Lynch, Shearson Lehman, American Express and Dean Witter. Bond was vice president, Syndication for American Development Corp., during which ADC became the third largest developer in the U.S., with more than $2 billion in assets and average annual syndication equity raised of over $190 million. Additionally, he assisted in the formation and capitalization of several domestic banks, savings and loans, insurance companies, taking several of these firms public in the process, through initial public offerings and mergers. Bond was entertainment consultant to Merrill Lynch during its underwriting of SLM Film Partners that raised in excess of $50,000,000 for nine pictures co-produced by MGM Studios, including "Poltergeist" and "Pennies from Heaven". He also acted as Financing Manager for other films including "Midnight Express" for Casablanca Filmworks and was public syndication consultant to Paramount Studios for the "Star Trek" Motion Pictures film series.
For more information visit ViaStar's web site at http://www.viastarcorp.com/
About ViaStar
ViaStar Holdings, Inc. is engaged in development, production and distribution of entertainment related media for film, television, music and publishing interests. The Company's portfolio currently includes ownership of ViaStar Distribution Group, A.V.O. Studios, Moving Pictures International, ViaStar Records, Quadra Records, Light of the Spirit Records, and ViaStar Classical and ViaStar Artist Management group.
Except historical matter contained herein, matters discussed in this news release are forward-looking statements and are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions and involve risks and uncertainties, which may affect the Company's business and prospects and cause actual results to differ materially from these forward-looking statements.