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Sun Network Group Inc.`s Subsidiary RTV Enters into Exclusive Arrangementwith Sentinel America Corporation

CORAL SPRINGS, Fla., Dec 17, 2003 (PRIMEZONE via COMTEX) -- The Sun Network Group, Inc. (OTCBB:SNNW) (Berlin:SWK) announced here today that its wholly owned subsidiary, RadioTV Network, Inc. ("RTV"), has entered into an exclusive negotiating period with Sentinel America Corporation ("SAC") to merge and/or combine the television assets of RTV with SAC`s American National Network ("ANN").

SNNW owns and operates Radio X, a new national radio network, in partnership with Sports Byline USA, and has been developing RTV since 1999 as a new television network that will produce and distribute TV versions of top rated radio programs. RTV has previously successfully test marketed its programs in Chicago and Pittsburgh.

ANN, established in 2001 and financed through a consortium of SAC investors, is a new television network that will program series, TV movies and documentaries of positive and constructive "Americana" themes. ANN is currently in production on "Dawn of the Nation," a multi-part series of the story of the American Revolution.

T. Joseph Coleman, CEO of SNNW, said: "We believe that combining our TV assets with ANN will significantly increase our current resources, enabling us to be more competitive in seeking and securing distribution for our channel and reduce infrastructure costs."

Michael Leighton, CEO of SAC added: "The RTV business model is an excellent one and the cross-promotional ability of its programming can also be amortized on ANN."

SNNW and SAC expect to conclude their arrangement in early 2004.

This announcement contains forward-looking statements about Sun Network Group, Inc., that may involve risks and uncertainties. Important factors relating to the company`s operations could cause actual results to differ materially from those in forward- looking statements and are further detailed in filings with the Securities and Exchange Commission available at the SEC website (www.sec.gov). All forward-looking statements are based on information available to Sun Network Group, Inc. on the date hereof, and Sun Network Group, Inc., assumes no obligation to update such statements.

SOURCE: Sun Network Group Inc.

By Staff
CONTACT: Sun Network Group, Inc.
[phone]



(C) 2003 PRIMEZONE, All rights reserved.

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INDUSTRY KEYWORD: Media
SUBJECT CODE: MERGERS
TELEVISION
Mergers and Acquisitions

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eine analyse zu snnw gibts bei www.small-cap-news.de, ist einige monate alt aber brauchbar...