BOCA RATON, Fla., March 20, 2007 (PRIME NEWSWIRE) -- PrimEdge, Inc. (pronounced "prime edge") (Pink Sheets:PEDG) www.primedgeinc.com announced today that it has completed its acquisition of Orangebox Entertainment, Inc., (www.orangeboxentertainment.com) Burbank, CA, a cutting-edge provider of post production audio-video and music services to the entertainment industry, from Media Magic, Inc., a south Florida holding company.
Brian Schuster, PrimEdge's Chairman stated, "We are delighted to have completed our acquisition of Orangebox Entertainment, Inc., because of its state-of-the-art facilities, tremendous growth potential, and its' centralized location within the heart of the entertainment industry." He added, "We believe that Orangebox Entertainment will become a significant contributor to PrimEdge's growth, both financially and strategically in the immediate future."
About Orangebox Entertainment, Inc.
Orangebox Entertainment (www.orangeboxentertainment.com) conducts its operations in Burbank, California. Founded in 2004, Orangebox Entertainment is a unique service provider to the Entertainment Industry, providing entertainment companies and producers with state-of-the-art audio and video Production and Post Production capabilities and increasingly motion picture and TV film editing capabilities. These capabilities address and fulfill the constantly increasing needs for Film, TV, Home Entertainment, Children and Educational Programming, Industrial Media, Promos, Commercials, and Music. Orangebox Entertainment intends to become the "next generation provider" of digital Production/Post Production services for the entertainment industry, with respect to visual, audio and music production.
About PrimEdge, Inc.
PrimEdge, Inc., Boca Raton, Florida, is a diversified holding company, owning and overseeing the operations of two majority owned subsidiaries, DigiKidz, Inc., Boca Raton, Florida a producer and distributor of child entertainment products, and Orangebox Entertainment, Inc., Burbank, California, a production and post production service provider to the Entertainment Industry.
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