DIRECTV Channel 345 Now Dedicated Solely to The Ultimate Shopping Network
Company Prepares For Aggressive Expansion of Cable TV Outlets
LOS ANGELES, Sept. 28, 2005 (PRIMEZONE) -- USN Corporation (Pink Sheets:USNR) ("USN"), owner of the "Ultimate Shopping Network", which sells upscale consumer products direct to the customer on DIRECTV Channel 345, Dish Network channel 223, and various cable and broadcast outlets, announced today that it has expanded to a full-time, 24-hour channel on DIRECTV Channel 345. The network had been broadcasting 15 hours per day on DIRECTV. This expansion will help the company expand into additional product categories as well as increase its cable and broadcast penetration.
Commenting on the announcement, Brad Berdow, USN's Vice President of Business Development, stated, "USN is now ready to move into its next phase of growth. As a full-time 24/7 broadcast network, we will be positioned to aggressively pursue carriage agreements to expand our cable and broadcast penetration. A full-time channel is far more attractive to broadcasters and cable MSOs. We are excited to take the company to the next level."
Berdow continued, "The ability for us to offer 24/7 programming will also help USN expand into additional product categories. We are preparing to launch several exciting new shows in the coming weeks that will expand upon our existing product offerings of upscale jewelry, diamonds, coins and watches."
USN's wholly owned Ultimate Shopping Network is quickly becoming the luxury brand in television shopping. USN has positioned itself as television shopping's version of high-end retailing with a dedication to service, quality, integrity and luxury. Today, the Ultimate Shopping Network is broadcast to more than 30 million aggregated U.S. households through interactive electronic media including direct broadcast satellite (DBS) services, cable television, broadcast television and the Internet. The Company also has an Internet shopping site, http://www.shopusn.com/, which offers customers many of the same upscale products seen by viewers on the network at very competitive price points.
Statements in this news release about anticipated or expected future revenue or growth or expressions of future goals or objectives, including statements regarding whether current plans to grow and strengthen the company's existing network will be implemented or accomplished, are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements in this release are based upon information available to the Company on the date of this release. Any forward-looking statements involve risks and uncertainties, or the benefits anticipated from the acquisition will not be realized. Additionally, forward-looking statements are based on current market conditions and risks, which may change as the result of certain regulatory, political or economic events, a shift in consumer preferences, as well as those risks and uncertainties described in the Company's filings with the Securities and Exchange Commission, which could cause actual events or results to differ materially from the events or results described in the forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements.