CLEARWATER, Fla., Aug. 23, 2006 (PRIMEZONE) -- Adrenaline Nation Entertainment, Inc. (Pink Sheets:ADNL), which produces Adrenaline Nation TV, the leading channel for the hottest cutting edge independent music TV, innovative independent and short films and adrenaline sports for the highly coveted 18-49 demographic, released the following business update to shareholders.
Dear Fellow Shareholders,
Adrenaline Nation Entertainment, Inc. has achieved numerous major milestones since it began trading as a public company in June of 2005. As a result of these milestones, we have experienced tremendous trading volume in our stock. Therefore I want to ensure that our valued shareholders have the correct number of shares Authorized and Outstanding. As of August 23, 2006 the number of shares Authorized is 950,000,000 and the number of shares Outstanding is 603,539,087. This information can additionally be found on the Pink Sheets web site at www.pinksheets.com.
We as always are working hard to build our company and thank our shareholders for their support and belief in our company.
We are passionate here at ADNL about our business model and the results we believe we can derive from it. We are music, entertainment and television market enthusiasts with proven track records, and we are genuinely excited about our business prospects. We are all committed to working hard to building a leading music, entertainment and adrenaline sports broadband, cable and HD television network that is widely recognized by our viewers and advertisers as well as the financial marketplace. We have made substantial progress in positioning ourselves for the opportunities that are before us. On behalf of management and everyone working here at ADNL, I sincerely thank all of our shareholders for their support.
Best Regards, Keith Dressel CEO & Chairman Adrenaline Nation Entertainment, Inc.
Forward-Looking Statements
This document contains forward-looking statements and information as that term is defined in the Private Securities Litigation Reform Act of 1995, and, therefore, is subject to certain risks and uncertainties. There can be no assurance that the actual results, business conditions, business developments, losses and contingencies and local and foreign factors will not differ materially from those suggested in the forward-looking statements as a result of various factors, including market conditions, competition, advances in technology and other factors.
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