VANCOUVER, British Columbia, Oct. 14, 2005 (PRIMEZONE) -- Steve Gaspar, President of VMH VideoMovieHouse.com Inc. (OTCBB:VMHVF), is pleased to announce that VideoMovieHouse.com has signed a distribution agreement with Columbia Films to market Columbia Film's line of Tamil Indian Films. Columbia Films library will now be marketed through VideoMovieHouse.com's distribution channels and Internet portals worldwide. Columbia Films is the world copyright holder of a large collection of Tamil movies ranging from the old classics to the latest hit movies. Their library is comprised of blockbusters, classics, family fare, historic, comedy, devotional and evergreen titles. According to J.S Bassi, director of Indian operations, "The market for Indian Tamil movies is enormous in both the U.S.A. and Canada. It is with great pleasure I announce the expansion of VideoMovieHouse.com's film library to include Tamil Indian films."
According to Mr. Steve Gaspar, President, "This Distribution agreement with Columbia films grants VideoMovieHouse.com worldwide on-line distribution rights of all of its video products and the use of Columbia Video Films registered trademarks. It also sets in place a system whereby all Columbia Video Films video orders are safely packed and shipped from Columbia Films distribution centre in Kuala Lumpur, Malaysia." "We are currently working towards integrating these new titles into our ever expanding online catalogue. A marketing program is currently being put in place to let the Indian community know that we are here to serve their entertainment needs. Columbia Films titles are scarcely available in the North American market and the addition of these many new titles to the VideoMovieHouse.com catalogue should enhance our existing customer base," added Mr. Bassi, Director of Indian Operations.
"A new 3rd party merchant site is currently under development to cater to the worldwide Indian community, a community of over 1 billion people worldwide of which an estimated 250,000,000 Indians are already web customers," according to Mr. Steven Gaspar, President and CEO of Videomoviehouse.com. "With this new distribution agreement now in place, the company is seeking to a further enhance its Asian presence in the near future, in a similar fashion by not only adding other lines of video products but a variety of other items as well."
Through its existing websites, www.videomoviehouse.com and www.videomoviehouse.in (India), the company sells and rents DVDs online worldwide. In 2005, overall revenue exceeded US $3.6 million. VMHVF recently entered the online DVD rental market in North America, an area that has seen significant success by NFLX and BBI. The company also has plans in the works to launch new websites allowing other sellers to market their products worldwide, in a similar fashion to the Amazon.com, Half.com and Rediff.com marketplace formats.
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