MONTREAL, March 14, 2005 (PRIMEZONE) -- In a release sent earlier under the same headline, please note the removal of first year sales amounts from the fifth paragraph. The full corrected release follows:
A.G. Media Group, Inc. (Pink Sheets:AMGJ) announced today the signing of an agreement with music distributor Central South Distribution to provide services for its upcoming Christian music e-commerce property which is expected to launch in approximately 30 days.
Under the agreement, Nashville based Central South Distribution (CSD) will provide business to consumer fulfillment of sales made through the new online property. The agreement also provides for business-to-business distribution of A.G. Media's future proprietary music products through CSD's retail network of over 4,000 outlets.
"We are pleased to partner with Central South Distribution in this key initiative for A.G. Media," stated Richard Picart, A.G. Media's COO. He added, "Their Christian-specific product focus will enable us to offer consumers the widest selection available online of Christian music and entertainment products in a timely fashion."
"A.G. Media's proven expertise and leadership in marketing and positioning Christian content will make their online store a landmark financial success in this targeted niche," stated Chuck Adams, President, Central South Distribution. "We look forward to a mutually rewarding partnership," he continued.
Christian music sales currently account for nearly $1 Billion in U.S. sales alone, according to the Recording Industry Association of America; coupled with the upward trends of broadband access and online spending, A.G. Media is looking to capture a sizeable portion of this large market.
About A.G. Media Group, Inc.
A.G. Media Group (http://www.agmediagrp.com) was established to become a leading Christian media holding company comprising Christian-based Internet, print and television related content properties and technology development services. A.G. Media is also focused on the development of valuable, high demand content for distribution through multiple media outlets and through its continually growing audience base.
About Central South Distribution
Currently in its 34th year of operations, Central South Distribution is a leading full line distributor of all genres of Christian music and entertainment products. The company handles over 12,000 unique SKUs comprised of audio, visual and literary entertainment products.
Safe Harbor Statement
All statements other than statements of historical fact included in this press release are forward-looking statements within the meaning of the private securities Litigation Reform Act of 1995. The forward-looking statements, including statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements (i.e., future operational results and sales) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risk and other influences, which are outside the company's control, and may yield results differing materially from those anticipated.