LOS ANGELES, August 2, 1999 (PRIMEZONE) -- Blagman Media International, Inc., a global direct response marketing and advertising agency, has completed its merger into Unisat (OTCBB:USCI), a publicly-traded corporation, with the purchase of all 12 million outstanding shares of USCI, valued at $1.00 per share. The due diligence process has been successfully completed and the surviving organization, to be known as Blagman Media International, Inc., will change its trading symbol to BMII.
Robert Blagmen, Chief Executive Officer of BMII stated, "as a leading media company doing business on five continents, USCI's telecommunications assets are an appropriate acquisition. BMII has achieved double digit growth since its inception in 1994 and now, as a public company, BMII will be able to grow its core business by expanding its strategic partnerships and by acquisitions of complimentary technologies and key personnel."
Blagman is a respected direct response and marketing agency, with media buying and marketing as its financial base. The Company is also involved in developing transactional television programming, low-budget films, and independent shopping networks.
The foregoing press release contains forward-looking statements. For this purpose any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "estimate," or "continue," or comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending on a variety of factors.