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InvestSource, Inc.: License Agreement Closed Between WGL Entertainment
Holdings, Inc. And Zcom Networks, Inc.: Dividends Announced
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:05092008
Stocks in the news: WGL Entertainment Holdings, Inc. (Other
OTC:WEHI.PK), Zcom Networks, Inc. (Other OTC:ZCMN.PK), Nexstar
Broadcasting Group, Inc. (Nasdaq: NXST), Cablevision Systems Corp.
(NYSE: CVC), National Lampoon, Inc. (AMEX: NLN)
September 4, 2008 - WGL Entertainment Holdings, Inc. (Other
OTC:WEHI.PK) announced today that it has closed a broadcast license
agreement with Zcom Networks, Inc. (Other OTC:ZCMN.PK) which will
result in WGL receiving 15,000,000 shares of common stock of that
company, which management will in turn distribute to all WGL
Entertainment Holdings shareholders in the form of a dividend. Shares
will be distributed on a pro rata basis; each WEHI shareholder of
record as of the close of business on October 1, 2008 will receive
approximately one share of ZCMN for every 500 shares of WEHI owned.
Zcom Networks (Zcom) targets early opportunity companies in Telecom,
Media, and Technology that have potential to grow rapidly; limiting the
risk associated with early stage start-ups. Opportunities may be
enhanced through the identification, development and deployment of
VOIP, IP and/or new technology paradigm shifts.
WGL Entertainment Holdings, Inc. (WGL) has signed a Broadcast License
Agreement with Zcom, giving it non-exclusive broadcast rights to all
WGL content, including the WGL Million Dollar Shootout. This content
will be broadcast across Zcom's multi-media subsidiaries, including
satellite broadcast transmission and across Zcom online content portals
via its subsidiaries including Big Media USA (www.bigmediausa.com). Big
Media USA offers a wide range of talk, music, and video and T.V.
programming through a multimedia, interactive broadcast platform
bringing together the Internet, traditional radio and satellite. In
addition to the broadcast license agreement, WGL will work closely with
Zcom Networks' CEO, Alex Parsinia, Ph.D., who is also a professor at
the prestigious Pepperdine University. Dr. Parsinia will assist WGL
with future mergers and acquisitions as his expertise is in
International Business Affairs.
"This new partnership will bring many synergies to both companies not
only in the media environment, but in the pursuit of further mergers
and acquisitions. Dr. Parsinia brings a wealth of International
business experience to the table and will be a tremendous asset to WGL
Entertainment Holdings, Inc. and its shareholders," said Mike Pagnano,
CEO, WGL Entertainment Holdings, Inc.
September 4, 2008 - Nexstar Broadcasting Group, Inc. (Nasdaq: NXST)
announced today that it has entered into multi-year retransmission
consent agreements with DIRECTV (Nasdaq: DTV) and AT&T (NYSE: T). The
agreements grant DIRECTV and AT&T the non-exclusive rights to
distribute Nexstar's locally produced content, including market-leading
local newscasts, and to carry the standard definition and
high-definition signals of television stations owned and/or operated by
Nexstar. Terms of the agreements were not disclosed.
Perry A. Sook, Chairman, President and Chief Executive Officer of
Nexstar Broadcasting Group, Inc., commented, "The new agreements with
DIRECTV and AT&T deliver valuable locally produced video content to
important platform distributors. Furthermore, these agreements ensure
that DIRECTV and AT&T TV U-verse subscribers have access to the
broadest array of entertainment choices. Our advertiser base will also
benefit with greater reach to leverage their messages."
September 4, 2008 - Cablevision Systems Corp. (NYSE: CVC) today
announced completion of the initial phase of its Optimum WiFi
deployment. Already the largest and most advanced consumer WiFi network
in the nation, based on geographic coverage, Optimum WiFi offers free
and unlimited wireless Internet access as a value-added benefit for
Cablevision's Optimum Online high-speed Internet customers.
Cablevision in May announced plans to deploy WiFi in the commercial and
high consumer traffic areas across its entire tri-state service area
over the next two years. The company today announced that it had
completed the deployment of Optimum WiFi throughout the commercial and
high-traffic areas of Nassau County, in areas of Suffolk County, and on
the commuter rail platforms and station parking lots across all of Long
Island.
Current Optimum Online customers using laptop computers and portable
WiFi-enabled devices like the iPhone and iPod Touch can access Optimum
WiFi through a simple sign-on screen. Once a customer logs into the
service by entering their Optimum User ID and password, the network
delivers fast symmetrical speeds of up to 1.5 megabits-per-second.
Cablevision currently provides Optimum Online high-speed Internet
service to more than 2.4 million customers, more than 51 percent of the
homes passed by Cablevision's fiber optic network, the highest
penetration of any Internet service in the nation. Optimum Online
customers are already familiar with the benefits of wireless access,
with more than half using wireless routers in the home.
September 4, 2008 -National Lampoon, Inc. (AMEX: NLN), the most widely
recognized brand in comedy, today announced that it has acquired the
website ZingFu.com (www.ZingFu.com) from Zing Fu Enterprises, LLC for
an undisclosed sum. ZingFu.com, which launched in 2005, was one of the
pioneers of widgetized, social content. The site allows users to create
cards, pets, and "zings" from their own photos and share them across
social platforms and by email.
This follows the acquisitions by National Lampoon of
DrunkUniversity.com, CollegeHangover.com, and Comedy Express, and the
more recent acquisition of AllModelZone.com. This reinforces the
company's strategy of building niche, branded, online advertising
networks, with a focus on owning a significant portion of the traffic.
The company's current online networks include the National Lampoon
Humor Network, the Drunk University Network, and the ZAZ Network, with
plans in place to expand to additional verticals and increase traffic,
affiliates, impressions, and advertising revenue.
"We are ecstatic that National Lampoon has decided to acquire
ZingFu.com. We've always known that someone with the right brand
relationships could really increase the site's value exponentially, and
National Lampoon is the perfect buyer in that regard," said Richard
Lorbach, ZingFu co-founder.
Market Wrap for September 4, 2008 - The major indices closed near
session lows, each shedding at least 3%. In turn, stocks marked the
largest single session drop since late June.
The ISM Service Index came in at 50.6 for August.
Jobless data trends continue to suggest a soft labor market as weekly
claims climbed 15,000 to 444,000.
Though soft labor conditions help diminish inflationary pressures, they
can also eat into discretionary spending. Several apparel retailers
posted a substantial downturn in their August same-store sales results.
Bargain-shoppers continue to bolster sales at Wal-Mart (WMT 59.78,
-0.01) and BJ's Wholesale (BJ 39.56, -0.25).
Financials finished the session at their low, down 4.7%. Financials
have shed more than 28% this year, which is more than any other sector
in the S&P 500.
Oil was up early, but fell as much as 2.6% before finishing roughly
1.5% lower. Oil is down roughly 6.5%.
The dollar's climbed 0.7% against a basket of major foreign currencies
this session. That took it to its best level this year, or more than
2.5% higher year-to-date.
In the end the slide in stocks pushed all three of the major indices
into bear market territory. Each are now down at least 20% from their
respective highs reached last October.DJ30 -344.65 NASDAQ -74.69 NQ100
-3.2% R2K -3.1% SP400 -2.4% SP500 -38.15 NASDAQ Adv/Vol/Dec 557/2.34
bln/2256 NYSE Adv/Vol/Dec 532/1.30 bln/2585
ABOUT INVESTSOURCE, INC.: WIN an 8 day 7 nights Caribbean Getaway, GO
TO: www.investsourceinc.com.
Coming in late Summer of this year: Go Baby GO!!! The first book of its
kind on the OTCBB and Pink Sheet Markets
www.gobabygobook.com .
To hear "The Fastest 60 Seconds in the Small-Cap Market," please go to
www.ceo-corner.com
InvestSource, Inc. is not a licensed broker, broker dealer, market
maker, investment banker, investment advisor, analyst or underwriter.
InvestSource, Inc. affiliates, officers, directors and employees may
also have bought, or may buy the shares discussed in this opinion and
may profit in the event of a rise in value. InvestSource, Inc. will not
advise as to when it decides to sell and does not, and will not, offer
any opinion as to when others should buy or sell; each investor must
make that decision based on his or her judgment of the market
InvestSource has received 5 million shares of Greenstone Holdings for
services rendered. Please consult your broker before purchasing or
selling any securities mentioned herein. To view full disclaimers,
please go to http://investsourceinc.com/php/disclaimer.php
(disclaimers).
This release may contain statements that constitute forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E the Securities Exchange Act of 1934,
as amended. The words "may," "would," "will," "expect," "estimate,"
"anticipate," "believe," "intend," and similar expressions and
variations thereof are intended to identify forward-looking statements.
Investors are cautioned that any such forward-looking statements are
not guarantees of future performance and involve risks and
uncertainties, many of which are beyond the Company's ability to
control, and that actual results may differ materially from those
projected in the forward-looking statements as a result of various
factors. The information contained in an InvestSource profile is
provided as an information service only. The accuracy or completeness
of the information is not warranted and is only as reliable as the
sources from which it was obtained. InvestSource has not been
compensated for services rendered. To view full disclaimers, please go
to http://investsourceinc.com/content/disclaimer.
Disclaimer: ZCMN This release may contain statements that constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E the Securities
Exchange Act of 1934, as amended. The words "may," "would," "will,"
"expect," "estimate," "anticipate," "believe," "intend," and similar
expressions and variations thereof are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements are not guarantees of future performance and
involve risks and uncertainties, many of which are beyond the Company's
ability to control, and that actual results may differ materially from
those projected in the forward-looking statements as a result of
various factors. The information contained in an InvestSource profile
is provided as an information service only. The accuracy or
completeness of the information is not warranted and is only as
reliable as the sources from which it was obtained. InvestSource has
agreed to be compensated 2,400,000 of free trading shares of ZCMN for
services rendered.
CONTACT: InvestSource, Inc
WWW: http://www.investsourceinc.com
((M2 Communications Ltd disclaims all liability for information
provided within M2 PressWIRE. Data supplied by named party/parties.
Further information on M2 PressWIRE can be obtained at
http://www.presswire.net on the world wide web. Inquiries to
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Copyright ? 2008 M2 Communications Ltd.
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