November 28, 2000 08:20am
New Frontier Media's Pay TV Subsidiary Adds Another Top-5 Cable Operator as Affiliate
Source: New Frontier Media, Inc.
by: Company Press Release
(BOULDER, CO) -- New Frontier Media, Inc. (Nasdaq: NOOF - news), a leader in the electronic distribution of adult entertainment, announced that its Pay Television subsidiary has signed a corporate carriage agreement with a cable operator which is ranked among the top five largest multiple system operators (MSOs) in the U.S.
Under the agreement, the MSO will be able to offer Pleasure(TM), the Company's most edited channel, as a pay-per-view service to its digital customers. Through the agreement, the Company expects to add more than 1 million digital addressable households to Pleasure's subscriber base by the end of the year.
``Increasingly our networks are being recognized for delivering the highest buy rates in the industry,'' stated Ken Boenish, President of The Erotic Networks. ``We have signed contracts with two of the top five cable operators and both direct broadcast satellite providers. We will make every effort to continue to deliver the highest buy rates in the category and hope to earn the right to deliver our quality programming to all of the top cable operators,'' he said.
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of Securities & Exchange Act. The Company intends forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. All statements regarding the Company's anticipated carriage by a majority of the MSO's digital customers; its ability to continue to deliver the highest buy rates in the category; its ability to sign corporate agreements with all of the top cable operators, and the outcome of any contingencies are forward-looking statements. The forward-looking statements are subject to risks, and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Please refer to the Company's most recent Form 10-KSB and other filings with the SEC for additional information regarding risks and uncertainties.
ABOUT NEW FRONTIER MEDIA, INC.
New Frontier Media, Inc. is the fastest growing distributor of Adult Entertainment today. The Company delivers the most extensive lineup of quality programming over the broadest range of electronic means including cable, satellite, Internet, Broadband and video-on-demand.
The Erotic Networks, the umbrella brand for the Company's subscription and pay television subsidiary, provides pay-per-view and subscription TV networks to over 23 million cable, DBS (direct broadcast satellite) and C-band households throughout North America. In addition, the Company has entered the MDU (multiple dwelling units) and hotel/motel markets. The Erotic Networks include Pleasure(TM), TeN(TM), ETC (Erotic Television Clips)(TM), Extasy(TM), True Blue(TM) and Gonzo X(TM). These networks represent the widest variety of editing standards available and are programmed without duplication to offer the most extensive selection of adult network programming under a single corporate umbrella.
IGallery, the Company's Internet subsidiary, is a leader in the adult Internet market serving both the business-to-consumer (B2C) and business-to- business (B2B) markets. IGallery designs and manages its own membership-based web sites for the B2C market. In addition, IGallery offers a wide range of products and services to the B2B market. Presently, IGallery owns over 1,300 Internet domain names and operates 29 thematically organized consumer sites. Collectively, these sites generate over 60 million visitors each month. IGallery's own Internet network infrastructure enables the delivery of live and on-demand video events to millions of Internet users.
For more information contact Keely Hawk, VP Corporate Communications at (303) 444-0900, extension 145, or visit our web site at www.noof.com.