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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 [email protected])). Copyright ? 2008 M2 Communications Ltd. |
