STAMFORD, Conn., July 20, 2009 (GLOBE NEWSWIRE) -- SNM Global Holdings (Pink Sheets:SNMN) subsidiaries LGN Entertainment Distribution and SNM Broadcast Network announced today that they will produce and distribute 3 MMA Events.
SNM Global Holdings announced they have reached an agreement with Brutaal Entertainment and former employee Nick Gamst. Under the terms of the agreement Brutaal will produce the live events, and SNM Broadcast Network will direct the filming and editing, while LGN Entertainment Distribution will exclusively Distribute (Digital, Mobile and DVD) all the content.
The event venue will be at the MYTH NIGHTCLUB ~ 3090 SOUTHLAWN DR, MAPLEWOOD, MN, 55109 TEL: 651.779.MYTH or 651.779.6984. The events are scheduled for October, November and December 2009 with the actual dates to be announced.
"The company's modified strategy is to Develop, Deliver and Distribute content, and this is our first step towards doing that. I have taken over the company, and I am aggressively working on growth and increasing revenues. I have a great relationship with Nick Gamst, and I feel that SNM will be extremely successful with its current business model with regard to live events. Our revenues have been growing at LGN Entertainment Distribution, and we feel the 3 events could produce gross sales of $1,000,000 or more over the life of the content sales cycle.
"I believe our strength is in content development, delivery and distribution, and the 3 MMA events is a good first step. Mike Drumm is working on logistics for the filming, and I am hoping for a first quarter, 2010 distribution date for the content," stated Steve Lane, President of SNM Global Holdings.
"This is a great plan and I am excited about working with Steve Lane and SNM. We had a meeting of the minds upon the breakup of The MMA Independent Alliance as the model was solid, but timing is everything. I do intend to carry on the business model through my company Brutaal Entertainment and hope that this is the beginning of many more events with Steve and SNM Global Holdings," stated Nick Gamst, President of Brutaal Entertainment.
The company has not determined if the events will be streamed on their website as of yet as they are exploring a possible cable broadcast deal.
LGN Entertainment Distribution Inc.
LGN Entertainment began in 2002 by focusing on rich, independent urban music and providing the artists that made up the scene with a distribution option to give them access to all the major accounts located in their region. Since then, we have developed a strong distribution network both regionally and nationally and work to provide our services to a broad range of accounts and regions, both in digital and physical formats.
About SNM Global
SNM Global Holdings is a business development company that specializes in the Development, Delivery and Distribution of content in the Sports, Entertainment and Technology industries through their subsidiaries that will include strong support and promotional strategies.
Services to include: CO- Promotion of Sporting & Entertainment Live Events, Delivery of Content via Web Broadcast, Cable, TV and Radio, New Media Technology / Social Networking projects, Internet/Broadcast as well as Pay-per-view Events.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to certain delays and risks detailed from time to time in the company filings with the Securities and Exchange Commission.