SANTA MONICA, Calif., May 28, 2002 (PRIMEZONE) -- InternetStudios.com, Inc. (Pink Sheets:ISTO), the leading provider of web-based solutions for the entertainment industry, announced today the launch of an upgraded version of its online platform where registered users can conduct transactions of filmed entertainment rights.
Authorized clients can access the platform at www.onlinefilmandtvsales.com, www.onlinefilmsales.com, or www.oftvs.com. When originally launched in May 2000 at the Cannes Film Festival, OnlineFilmSales.com immediately gained industry acceptance with 4500 buyers and 30,000 title holders registering to do business at the site.
Mike Edwards, Vice President, Operations of the Company commented, "this is a key milestone for the Company and its shareholders. We made tremendous inroads to the entertainment community prior to our restructure and receive requests daily from all over the world for our services. Re-launching the OnlineFilmandTVSales platform allows us to renew our existing relationships and form new ones moving forward."
On the new and improved features of the site, Mr. Edwards said, "the site features expanded marketing and interactive tools. With the new features, users will now have a more efficient and productive experience when conducting their transactions at www.onlinefilmandtvsales.com."
Upgrades to the platform include:
-- Improved registration functionality;
-- Greater access to production credits and a cast credit database;
and
-- A new and more efficient transaction functionality whereby deal
memos are generated instantaneously online.
The new features complement the extensive existing tools of the OnlineFilmandTVSales.com platform. "We strive to maintain a user-friendly environment, while incorporating enhancements and competitive changes to our features as needed," added Edwards.
InternetStudios, headquartered in Santa Monica, California, is a leading provider of web-based solutions for the entertainment industry. InternetStudios, through its subsidiary OnlineFilmandTVSales (OFTVS) owns the most advanced and proprietary online platform & database to transact film and television rights globally. For more information about InternetStudios, visit www.internetstudios.com.
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.