DANVILLE, Calif., Oct. 11, 2010 (GLOBE NEWSWIRE) -- ActionView International, Inc. (Pink Sheets:AVEW) Chairman and Chief Executive Officer, Gary Nerison, today discussed the company's current reporting status by commenting, "As a company we are committed to providing our shareholders with accurate and timely information to better help them appreciate where ActionView is headed. At the same time, we are sensitive to the price fluctuations that often accompany thinly trading stocks and try to make sure that price speculation by foreign investors is minimized. With that in mind, we believe that the company is now better positioned to protect our long-term shareholders and we are pleased to announce that we will be filing our current report within the next few days. Our expectation is that we will maintain a current reporting status indefinitely as we work towards moving towards a 'fully reporting' status and a listing on a higher exchange."
Mr. Nerison also commented on the proposed changes to company's board of directors, "With ActionView now generating stable revenues through its subsidiary, MatchFights, LLC, and the expansion of the WCFC brand into international markets through the televised distribution of pre-recorded content, we are now in a position to expand our board of directors. We are in discussion with industry professionals that can bring experience in both sports entertainment and mixed martial arts production with a goal of bolstering the management team and moving the company rapidly forward towards meeting its business goals. We anticipate announcing the appointment of two additional board members immediately following the October 16th event at the Rail Event Center in Salt Lake City."
Mr. Nerison also expressed his appreciation for current management, "We are deeply appreciative of the personal sacrifices of everyone involved with building ActionView and MatchFights. It's no simple task to build a brand from scratch and make significant inroads in an industry known for being exclusive. We're proud of the progress made so far and are glad to be able to now bring additional support to our board and management."
In discussing financing options, Mr. Nerison explained, "ActionView is well positioned financially so that we do not expect the need to raise any additional funds through the end of the year. We have been careful thus far in ensuring that dilution to our shareholders is kept at a minimum - something we as a Board are very proud of. Apart from the mandatory, timed conversion of our preferred stock, very few shares have been issued and none have been added to the float, thus avoiding the downward pressure of having multiple sellers out there with below-market stock."
ActionView International's wholly-owned MatchFights subsidiary delivers the most exciting brand of full contact fighting under its World Championship Full Contact (WCFC) banner. MatchFights' events are broadcast live in television quality to a worldwide audience over the Internet, and revenue is derived from pay-per-view buys.
Fight fans, fighters, promoters, trainers and ring girls are encouraged to visit the WCFC website at www.wcfc.com to set up a personal profile and join the first and only comprehensive content driven MMA web community dedicated to fighting. The site harnesses the power of social networks, allowing users to connect and share information about their favorite fighters, fights and events. A comprehensive marketing program is expected to result in the www.wcfc.com becoming the dominant fighting website in the world and draw consumers for WCFC events broadcast over the Internet.
Shareholders and anyone interested in monitoring the progress of the company are encouraged to subscribe to the electronic mailing list by forwarding their email address to investors@actionviewint.com.
About ActionView International, Inc.
ActionView International, its wholly owned MatchFights, LLC subsidiary and the World Championship Full Contact brand deliver exciting, live, pay-per-view events in an interactive venue over the Internet to a global audience. Revenue is derived from pay-per-view buys. The live events have broad appeal and may include elements of fighting, music, ring girl contests, and other live entertainment as part of the broadcast. For additional information about MatchFights and its World Championship Full Contact brand, please visit www.wcfc.com and join the world's premier fight-based network.