ORLANDO, Fla., April 19, 2005 (PRIMEZONE) -- Vision Works Media Group, Inc. (Pink Sheets:VWMG) announced today they have signed a letter of intent to acquire Colorfield Studios, Inc. Colorfield Studios Inc produces Television shows as a Television production company. Colorfield Studios is based and has a studio in New York City.
Vision Works Media Group, Inc. has its office and film and production studio in Orlando, Florida. The address is 57 West Pine St, Orlando, Florida 32801. The office is 4,100 sq ft and will serve the company as corporate offices. The location is one block from Church Street Station, a downtown Orlando tourist attraction, and picturesque site for filming.
Mark Astrom, President of Vision Works Media Group, Inc. said: "This acquisition will make Vision Works multidimensional, and every media group needs a dedicated production company. We are fortunate to be able to work with such creative talent."
The mission of Vision Works Media Group, Inc. is to expose the works of independent filmmakers and artists' to the greatest number of viewers by taking New Screen TV to additional pay-TV distributors, i.e. cable.
FORWARD LOOKING STATEMENTS: This information includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to mange growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel as related to the industry. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this issue.