CORAL SPRINGS, Fla., Jan. 8, 2004 (PRIMEZONE) -- The Sun Network Group, Inc. (OTCBB:SNNW) (Berlin:SWK), which operates the Radio X Network and RTV through its wholly owned subsidiary, RadioTV Network, Inc., announced today that it has been granted permission to trade its shares on the Third Market Segment of the Frankfurt Stock Exchange. The German trading symbol will be "SWK.FSE" and the German securities code (WKN) will be 570891.
Sun Network CEO, T. Joseph Coleman commented: "We are very pleased to have been approved for trading on the Frankfurt Stock Exchange. The Frankfurt Exchange will make obtaining our shares less problematic for potential German and European stockholders and will should provide substantially improved liquidity in our common stock overall."
Mr. Coleman also said: "Additionally, we are striving to enhance our corporate visibility in Germany and expand our corporate presence to a broader financial community throughout Europe. We believe this prestigious platform should assure that our compelling story reaches a much larger European audience."
The Frankfurt Stock Exchange
The FWB Frankfurter Wertpapierborse is the world's third largest organized Exchange-trading market in terms of turnover and dealings in securities. It accounts for more than 75 percent of the total securities turnover in Germany and is therefore the most important of the eight German stock exchanges. The public guarantor of the FWB is the Deutsche Borse AG whose duty it is to ensure the full viability of trading in securities. With the support of state-of-the-art computer-based trading, processing and information systems the Frankfurt Stock Exchange has been able to keep pace with the ever-increasing demands of the international stock market business. There is a full spectrum of computerized security trading available through Xetra (r) in addition to the traditional floor trading. Xetra (r) was established in November 1997 and has enabled the FWB to consolidate its existing competitive edge and create an attractive framework for international investors and market participants. The cosmopolitan atmosphere Frankfurt enjoys is demonstrated in the membership structure of the stock market where more than 70 foreign banks and financial service companies are counted among the total of more than 330 members.
About Sun Network Group, Inc.
Sun Network Group's Radio X is a nationally syndicated radio network that owns and operates, in partnership with Sports Byline USA, the #1 sports talk radio network in the US. RTV is a proposed new television network that will produce and distribute TV versions of top rated radio programs.
This announcement contains forward-looking statements about Sun Network Group, Inc., that may involve risks and uncertainties. Important factors relating to the company's operations could cause actual results to differ materially from those in forward-looking statements and are further detailed in filings with the Securities and Exchange Commission available at the SEC website (http://www.sec.gov). All forward-looking statements are based on information available to Sun Network Group, Inc. on the date hereof, and Sun Network Group, Inc., assumes no obligation to update such statements.