LAS VEGAS, June 9, 2010 (GLOBE NEWSWIRE) -- Players Network (OTCBB:PNTV), the leading Television and Digital Media Network dedicated to Las Vegas Entertainment and the Gaming Lifestyle, has signed a three year contract for $450,000 to license programming to Vermantia Media Group for the launch of Bertorium TV.
Vermantia is a leading European broadcast and interactive television group specializing in programming for sports and the gaming industry, based in Athens, Greece. The initial contract is for approximately 150 hours of programming over 36 months licensed for Greece. Bertorium TV is a men's branded television network that will be broadcasting ESPN during the day and two hours a night of Players programming. Vermantia distributes to other European Broadcast Union ("EBU") Countries and has expressed interest in expanding the distribution relationship with Players Network.
"This is one of the most significant revenue contracts that Players Network has signed to date," states Mark Bradley, CEO of Players Network. Bradley continues, "There are 56 EBU countries, all potential distribution markets for our gaming and Vegas-centric programming, this agreement demonstrates the wide international appeal for our program content and I believe that this is the first of many similar license agreements to follow."
About Players Network
Players Network is a Television and Digital Media Company that focuses on the Las Vegas and Gaming Lifestyles, producing and distributing original content for its own VOD Channels on television in over 25,000,000 homes over Comcast, DirecTV, AT&T, Verizon and Dish Network and its own Broadband Network, Hulu, Blinkx, Google, YouTube and Yahoo Video, for DVD Home Video, mobile platforms, and through worldwide television syndication. Players Network has a program library of over 1500 titles. Players Network has a 12-year history of providing consumers with quality Gaming and Las Vegas Lifestyle content, as well as strategic partnership services in Las Vegas, Atlantic City, and throughout the worldwide gaming industry. For more information go to www.playersnetwork.info.
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With the exception of the historical information contained in this Release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to: the ability of the Company to increase revenues in the future due to the developing and unpredictable markets for its products, the ability to achieve a positive cash flow, the ability to obtain orders for or install its products, the ability to obtain new customers and the ability to continue to commercialize its products, which could cause actual results or revenues to differ materially from those contemplated by these statements.