ORLANDO, Fla., Sept. 6, 2007 (PRIME NEWSWIRE) -- Emerging Media Holdings (OTCBB:EMDH), one of the leading media providers in the Republic of Moldova, is pleased to announce that it recorded an increase in revenues of $385,130 or 272% compared to the same period last year, and an increased net income of 278,243 or 152% compared to the same period last year.
About Emerging Media Holdings:
Emerging Media Holdings Inc. is the U.S. parent company for Cabavarum and Analiticmedia-Grup (AMG) subsidiaries. EMH's primary activities are radio and television broadcasting. EMH's subsidiary AMG is the market leader as a company in television advertising and production of its own TV shows. In September 2005, the shareholders of AMG voted to create its own television channel, so that it would have its own frequency and not operate off the state TV frequency. On March 1st, 2006, AMG launched its own television channel TV7 that broadcasts on the 43rd decimeters frequency. TV7 targets mainly the middle class urban population with an average age of 30.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements (within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934) regarding us and our business, financial condition, results of operations and prospects. Forward-looking statements in this report reflect the good faith judgment of our management and the statements are based on facts and factors as we currently know them. Forward- looking statements are subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Readers are urged not to place undue reliance on these forward-looking statements which speak only as of the date of this press release. We undertake no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of the press release.