LAS VEGAS, Sept. 22, 2011 (GLOBE NEWSWIRE) -- Players Network (OTCBB:PNTV), the leading Television and New Media Digital Network dedicated to Las Vegas Entertainment and the gaming lifestyle, today announced that it has entered into a unique consulting agreement with New York and Los Angeles-based entertainment financing, production and consulting company, Indomitable Entertainment, that supports Players Network's rapid growth as the company expands its operations and ultimately its management team. The agreement provides that Indomitable Entertainment's management team of seasoned motion picture, television and entertainment executives will take a hands-on role in the fulfillment of Players Network's immediate business development, marketing and finance needs.
This strategy will allow Players Network to utilize strong management functionality during the company's rapid growth period without the expense of expanding its existing management team.
"Working with Indomitable founder Dominic Ianno and his talented team in this interim capacity will allow PNTV to advance its strategic goals and execute our comprehensive business plan without significantly adding to our overhead. I'm very excited to have this exceptional interim solution in place with a company as strong as Indomitable, and look forward to our relationship evolving into a long-term strategic business alliance," states Mark Bradley, Players Network's CEO.
Commented Ianno, "We are optimistic about Players' business prospects given the evolving strategic positioning that is coming together when you combine Indomitable's branded entertainment division and comprehensive network of entertainment contacts with their proprietary technology and VOD footprint with major MSOs. We feel there is a great opportunity to seek and integrate compelling content and top tier strategic partners into their multi-platform media offering."
Indomitable executives working with Players Network include COO Erin Austin, Vice President and Head Business Development Mathew Guliner, and Russ Brown, who heads Indomitable's newly established branded entertainment division. Dominic Ianno will be directly involved.
About Indomitable:
Indomitable Entertainment is a film finance, production, and advisory business pursuing opportunities in the filmed entertainment, the theatrical musical, and media and digital entertainment marketplaces. With a proven track record of bringing both large and small projects to market, Indomitable operates three main lines of business:
- Executive producing feature films and Broadway
- Venture catalyzing and early stage consulting
- Non-profit projects
About Players Network:
Players Network is a Television and Digital New Media Company that develops and owns new Channel Destinations. Players Network, Vegas on Demand, Sexy Sin City TV, which are focused on Las Vegas and Gaming Lifestyles are the lead channels. Players Network produces and distributes original content for its own VOD Channels on television in over 29,000,000 homes over Comcast, DirecTV, AT&T, Verizon and Dish Network and its own Broadband Network, Hulu, Blinkx, Google, YouTube and Yahoo Video, for DVD Home Video, mobile platforms, and through worldwide television syndication. Players Network has a program library of over 1600 titles. Players Network has a 12-year history of providing consumers with quality Gaming and Las Vegas Lifestyle content, as well as strategic partnership services in Las Vegas, Atlantic City, and throughout the worldwide gaming industry. For more information go to www.playersnetwork.info
The Players Network logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6398
Statement under the Private Securities Litigation Reform Act:
With the exception of the historical information contained in this Release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to: the ability of the Company to increase revenues in the future due to the developing and unpredictable markets for its products, the ability to achieve a positive cash flow, the ability to obtain orders for or install its products, the ability to obtain new customers and the ability to continue to commercialize its products, which could cause actual results or revenues to differ materially from those contemplated by these statements.