Medical Media Television, Inc. Makes Progress on Acquisition and Moves Forward to Become Multi-Network Company
13 Julho 2005 - 1:29PM
Business Wire
Medical Media Television, Inc. (OTCBB:MMTV) ("Medical Media"), a
provider of advertiser-supported patient/parent/client medical
education programming within the place-based media environment of
medical specialty offices nationwide, announced today that the
merger with African American Medical Network, Inc. is progressing
smoothly. Medical Media reports that a majority of the conditions
required to complete the merger of African American Medical
Network, Inc. into Medical Media will be completed before it files
a Registration Statement on Form S-4, which it anticipates filing
next week. MMTV's President, Philip Cohen, stated: "We are moving
forward with our plans to be a multi-network company offering
advertisers a captive audience opportunity to reach millions of
African Americans, pet owners, parents, expectant parents, and
dermatology patients. We not only offer advertisers product
positioning and exclusivity, but we are the only source to cover
product placements for both their animal health and human health
divisions at the same time." PetCARE Television Network, Inc.'s
("PetCARE TV") veterinary programming is currently aired in
practices across the U.S., Canada, Puerto Rico, and Australia where
it is viewed by over 4 million pet owners each month. African
American Medical Network, Inc.'s patient education programming will
be viewed by the patients of the more than 15,000 doctors who serve
the majority of the 35 million U.S. African Americans. The
Company's pediatric network will be targeted to the audience of
approximately 16,000,000 parents of patients of more than 45,000
pediatricians. The Company expects viewership for the ob/gyn and
dermatology markets to be similar. Cohen continued, "Advertisers
have traditionally relied on 30-second TV spots to deliver their
message, but the impact of those ads dropped off in the early
1990's because viewers started clicking to different programs when
ads appeared or they taped programs and fast-forwarded through
them. Advertisers had to consider non-traditional advertising
vehicles to reach their desired markets and to influence buying
behavior. Our networks give them the opportunity they are looking
for." The corporate offices of Medial Media and PetCARE TV are
located at 8406 Benjamin Road, Suite C, Tampa, Florida 33634.
Questions may be addressed to Teresa J. Bray, Vice President at
(813) 888-7330. More information on PetCARE TV, its business model,
and products can be found on its website: http://www.petcaretv.com.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy securities of Medical Media
Television, Inc. Certain statements in this release and other
written or oral statements made by or on behalf of the Company are
"forward-looking statements" within the meaning of the federal
securities laws. Statements regarding future events and
developments and our future performance, as well as management's
expectations, beliefs, plans, estimates or projections relating to
the future are forward-looking statements within the meaning of
these laws. The forward-looking statements are subject to a number
of risks and uncertainties including market acceptance of the
Company's services and projects and the Company's continued access
to capital and other risks and uncertainties outlined in its
filings with the Securities and Exchange Commission, which are
incorporated herein by reference. The actual results the Company
achieves may differ materially from any forward-looking statements
due to such risks and uncertainties. These statements are based on
our current expectations and speak only as of the date of such
statements. The Company undertakes no obligation to publicly update
or revise any forward-looking statement, whether as a result of
future events, new information or otherwise. About the Proposed
Merger between Medical Media Television, Inc. and African American
Medical Network, Inc.: In connection with the proposed transaction,
Medical Media Television, Inc. intends to file a registration
statement and other materials with the Securities and Exchange
Commission. Investors are urged to read the registration statement
and other materials when they are available because they contain
important information. Investors will be able to obtain free copies
of the registration statement, when it becomes available, as well
as other filings containing information about Medical Media
Television, Inc. and African American Medical Network, Inc. without
charge at the Securities and Exchange Commission's internet site
(www.sec.gov). These documents may also be obtained, when they
become available, by directing a request to Medical Media
Television, Inc. c/o Teresa J. Bray, Vice President at 8406
Benjamin Road, Suite C, Tampa, Florida 33634.
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