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Es geht los Freunde. Salomon beginnt sein Werk:
Ad hoc-Service: TEAM Comm. Group Inc. english
Ad hoc announcement processed and transmitted by DGAP.
The issuer has the sole responsibility of this announcement.
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TEAM COMMUNICATIONS GROUP, INC. AND INDIGO FILM AND TELEVISION SIGN EXCLUSIVE
INTERNATIONAL DISTRIBUTION AGREEMENT
TEAM ALSO TAPS OCTOBER MOON TELEVISION FOR DOMESTIC SALES
Both Companies to Market TEAM`s Current Product Library of 2,000 Hours
Los Angeles, CA - April 25, 2001 - In a significant move to solidify the
company even further, TEAM Communications Group, Inc. has signed an exclusive
distribution deal with the U.K.-based Indigo Film and Television, lead by Co-
Chairmen Paul Shields and David Lawley, to market TEAM`s current catalogue of
2,000 hours of programming worldwide (excluding North and South America)
throughout an 18-month window, it was announced today by TEAM`s CEO, Michael
Jay Solomon. The announcement follows the recent closing of TEAM`s offices in
Germany and the U.K. and the downsizing of personnel within the corporate
offices as part of Solomon`s commitment and mandate to bring TEAM into a
profitable mode for the company and its investors.
Additionally, TEAM has signed a similar deal with October Moon Television to
represent the TEAM library domestically to broadcasters, cable channels and
home video/ancillary outlets. October Moon`s President Chuck Larsen will work
in tandem with TEAM Entertainment`s President James (Jamie) Waldron in the
positioning of TEAM`s programming throughout North America.
With Solomon`s vast experience in the Latin American regions, he will
personally handle all sales throughout South America. Any TEAM-related
programming produced after April 19, 2001 will be licensed directly through
TEAM Communications Group, Inc.
As part of the two agreements, all programming within the TEAM library prior to
April 19, 2001 will be available for immediate licensing including the recent
highly-rated (number 2 in its time period) ABC telefilm "Final Jeopardy", MTV`s
telefilm, "Anatomy of a Hate Crime", and MTV1s first dramatic series, "Live
Through This" for the international arena while such series as Animal
Planet`s "Call of the Wild" will have worldwide rights and Travel Channel`s
series` "Destination Style", and "World`s Most Mysterious Places" will be
available domestically amongst others.
"This is a strategic move that should lay a cornerstone for TEAM`s future
profitability. Our operating overhead is reduced by 50% and our library is
being marketed by professionals who have relationships with the broadcasters
and are capable of targeting programming to meet the needs within the
marketplace," said Solomon. "We have enormous confidence in the knowledge and
leadership of Paul Shields, David Lawley and Chuck Larsen and their ability to
license TEAM`s product. Together they will help TEAM meet its future
projections and turn the company and its perception around."
According to Shields, "I have known and respected Michael for over 20 years. He
is an industry legend and now, at the helm of TEAM, I am sure that positive
things are going to happen. We at Indigo are delighted to be part of this new
beginning."
Larsen added, "Until now, TEAM`s library has been an untapped resource. It has
a viable roster of programming that in many cases offers a lasting appeal to a
broad demographic, especially in the dramatic telefilm, reality, and
documentary genres. I`m sure, working closely with Jamie that this will be a
rewarding relationship all around."
CONTACT:
Sheila Morris/Georgia Scott
MORRIS MARKETING
(818) 487-9300
sheila§ morrispr.com
end of ad hoc announcement, (c) DGAP 25.04.2001
Issuer`s information/explanation remarks concerning this ad hoc announcement:
About TEAM Communications Group, Inc.
TEAM Communications Group, Inc. currently owns and distributes 2,000
hours of programming worldwide, in addition to producing a wide variety
of programming for leading U.S. and international broadcasters. TEAM`s
corporate offices are based in Los Angeles and its shares trade on
NASDAQ-NMS (TMTV) and on the German Neuer Markt (TME).
The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for forward-looking statements. Certain information included in
this news release (as well as information included in oral statements or
other written statements made or to be made by TEAM Communications
Group, Inc.) contains statements that are forward looking such as
statements relating to consummation of the transaction, anticipated
future revenues of the companies and success of current product
offerings. Such forward-looking information involves important risks and
uncertainties that could significantly affect anticipated results in the
future and, accordingly, such results may differ materially from those
expressed in any forward-looking statements made by or on behalf of TEAM
Communications Group, Inc. For a description of additional risks and
uncertainties, please refer to TEAM Communications Group, Inc. filings
with the Securities.
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WKN: 917002; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
250858 Apr 01
Zur Gesamtübersicht | To overview
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