Private Media Group Announces Acquisition of Sureflix Digital Distribution
Ft Lauderdale, Florida 11/03/2009 08:15 PM GMT (TransWorldNews)
Private Media Group, Inc. (NASDAQ: PRVT) has finalized the acquisition of Sureflix Digital Distribution. Sureflix is a world leader in digital distribution of premium gay content and owners of maleflixxx.tv and splashshots.com. The acquisition will provide Private with a leadership position in the gay market. The acquisition agreement provides for the issuance of 3,900,000 unregistered shares of Private common stock to the owners of Sureflix and related companies upon completion of the acquisition.
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About Private Media Group
Founded in 1965, NASDAQ listed Private Media Group (PRVT) is a brand-driven world leader in adult entertainment, operating a global content distribution network with a wide range of platforms including mobile telephone handsets via 85 network operators in 36 countries, digital TV via 35 platforms in 18 countries, broadband Internet, television broadcasting, DVDs and magazines. Private Media Group owns the worldwide rights to its extensive archive of high-quality content, and also licenses its Private and "Silver Girls" trademarks internationally for a select range of luxury consumer products. Private is the world's preferred content provider of adult entertainment to consumers anywhere, at any time and across all distribution platforms and devices.
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