ORLANDO, Fla., July 27, 2005 (PRIMEZONE) -- Vision Works Media Group, Inc. (Pink Sheets:VSWM) announces preliminary talks have been started to acquire a television commercial production Company to cater to advertising clients.
Mark Astrom, Vision Works Media Group's president, said, "A dedicated production company is an obvious step in the development of a television network. We have been approached by a number of companies that wanted to provide this service for our wholly owned subsidiary, New Screen Television. To not take advantage of this opportunity would be the same as turning dollars and revenues away."
Corporate counsel is drawing formal documents and negotiations are expected to be completed within 10 days.
This press release does not constitute an offer of any securities for sale. This press release contains certain 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. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition, and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.