CoMedia Corporation (Pink Sheets:CMTN) is pleased to announce that the Company extended the term of Mr. Clive Fox's position as President of ReQuest Audiobooks, a wholly-owned subsidiary. ReQuest Audiobooks produces branded audiobook and music content for nationwide retail distribution. Visit www.thecomediacorp.com/request.cfm, and for a complete list of products visit www.mraudiobook.com.
ReQuest Audiobooks is shipping an additional 30,000 units selected from their catalogue of top selling audiobooks that includes the Nancy Drew and Hardy Boys mystery series, science fiction classics from H.G. Wells, mysteries from Ed Gorman and others. ReQuest’s audiobook titles also include biographies on icons Ronald Reagan, Elvis Presley, and Frank Sinatra. This current shipment is expected to raise the total audiobooks shipped during the current year ending June 30 to over 100,000.
The Nancy Drew and Hardy Boys series is a unique “Read-A-Long” package that includes a hardcover book and the Audiobook on CD and coincides with the Warner Brothers Pictures nationwide mid-June release of the new Nancy Drew film. ReQuest has established ongoing distribution relationships with major mass market retailers for its product lines including ReQuest’s music line which includes over 60 original and never-before-released historic titles, such as Live Jazz at Club Fifteen, Big Band and Armed Forces Radio.
Mr. Fox headed the audiobook division of two of the largest independent publishers of mid-priced audiobooks and has released over 250 special interest video titles for his former company Concord Entertainment. Clive was also a senior executive of Chappell Music; he completed agreements with CBS, Polygram, Universal, Motown and Warner Brothers Records. Fox registered 17 Gold Records and assisted the company in becoming the most profitable division of MGM/Polygram. Fox served as General Manager of the MGM Record Label Division and became President of the Independent Label division of MGM/Polygram Records.
“We are extremely excited about the growth potential for ReQuest Audiobooks under the experienced management of Clive Fox. He has already achieved so much in his career and we believe that Re-Q is positioned to be an integral member of our new CoMedia family," stated Steve White, President of CoMedia Corporation.
CoMedia Corporation recently announced that President Steve White outlined the Company’s milestones and goals in an interview with WallSt.net. Mr. White focused on the Company’s objective of uplisting to the NASDAQ OTCBB, the recent merger, and the largely untapped target market estimated to be 30 million football alumni. To listen to the interview, please go to http://wallst.net/audio/audio.asp?ticker=SPNI&id=3344.
About CoMedia Corporation: www.thecomediacorp.com
The CoMedia Corporation has been formed through the merger of Diversified Entertainment Properties Inc. (DEP) and Sports Alumni, Inc. (a publicly traded company). DEP consists of four distinct subsidiaries. All of the subsidiaries of DEP and Sports Alumni are subsidiaries of CoMedia, and CoMedia is the publicly traded company. CoMedia and its subsidiaries specialize in the acquisition, production and distribution of a wide range of entertainment assets and services.
This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
