MONTREAL, March 16, 2005 (PRIMEZONE) -- A.G. Media Group, Inc. (Pink Sheets:AMGJ) announced today that it has signed an agreement with America Online, Inc., a division of Time Warner (NYSE:TWX), the world's leading interactive services company to provide content and programming to AOL's newly launched African-American service, AOL(r) BlackVoices.
Under the agreement, A.G. Media will provide AOL BlackVoices with Gospel music, entertainment and Christian lifestyle related articles, news items and rich media content from its GospelCity.com web property. The AOL BlackVoices service, which offers extensive programming, which appeals to African Americans, reaches millions of consumers nationwide. Also, the agreement will enable both parties to introduce co-branded features such as online artist live chats and album release previews.
"We're excited to partner with A.G. Media to offer BlackVoices members rich and compelling Gospel content," says Gary Dauphin, Director and Editor-in-Chief, AOL BlackVoices. "Looking at both the Gospel landscape and our members' interests, we realized that Gospel City's content would be the perfect addition to AOL BlackVoices' offering of original music and entertainment."
"Partnering with AOL BlackVoices provides a platform to greatly expand A.G. Media's audience visitor traffic and revenue," said Pierre Redding, A.G. Media Group President. "The exposure GospelCity.com will receive on AOL BlackVoices will positively impact our ability to attract our target demographic to the GospelCity site. Strategic alliances have been an effective method for us to build our audience base and we will continue to form new alliances going forward."
CFO Nina Silverstone added, "Within the first 24 months of our partnership with AOL, it is our Company's plan to add a minimum of 750,000 new users. The addition of this user base to GospelCity.com has the potential to yield up to $US 5 million in annual advertising and product sale revenue for AG Media."
AOL BlackVoices is currently available at www.blackvoices.com or through AOL Keyword: BlackVoices. GospelCity is available at www.gospelcity.com or through AOL Keyword: GospelCity.
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 GospelCity.com
GospelCity, part of A.G. Media Group's Internet and New Media Division, utilizes new media technologies and services to provide access and exposure to Christian music and entertainment. GospelCity produces GospelCity.com, recognized as the leading web destination for Urban/Gospel Christian music fans and consumers who desire to access Christian music, artist information, inspirational content, community exchange and spiritual programming online. GospelCity.com offers an easy and enjoyable means to connect consumers with the Christian music industry and with other Christian music fans and consumers.
About America Online, Inc.
America Online, Inc. is a wholly owned subsidiary of Time Warner Inc. Based in Dulles, Virginia, America Online is the world's leader in interactive services, Web brands, Internet technologies and e-commerce services.
About AOL BlackVoices
AOL BlackVoices, one of the leading online destinations for African Americans, provides a trusted online experience to support the advancement and achievement of African Americans by highlighting the diversity of this community through timely and informative content and offering a powerful voice to the online community. Available on the Web (www.blackvoices.com) and through AOL Keyword: BlackVoices, this service features original stories and features in key programming areas including News & Sports, Education, Work & Money, Lifestyle, Entertainment and Community.
Safe Harbor Statement
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