Quick Index
 Adult Industry News
Search AINews Database
Type Keyword or Phrase Here
Pornography feminists unshackle their desires and celebrate their sexuality in the patriarchal world Elementary Public Relations Consulting and Press Release Service
   
 

Front Page
Film News
Media News
Business News
Clubs & Appearances
Law & Politics
Internet & Mobile News
Lifestyles Arts Health Charity
Letters to the Editor
Columns
Movie Spotlight Reviews
Interviews
Pornstar Pages
AINews Staff
Ad Rates
PR 101: Press Release Service

Caliente Swinger Vacations!

Eva Angelina at Twistys

September 23, 2003 03:52am
Private Announces Completion of Institutional Private Placement
Source: Private Media Group Inc.
by: Company Press Release

(BARCELONA, SPAIN) -- Private Media Group Inc. (NASDAQ: PRVT) today announced the completion of a private placement of Convertible 3-year Notes with a number of institutional investors. The $2 million note carries a 7% coupon payable in cash or common stock and is convertible into common stock at $2.00 per share.

"Private is delighted at the enthusiastic response from institutional investors to our small offering. This private placement adds to our working capital and demonstrates that quality institutional investors are interested in participating in Private's future.

As we recover from a difficult 2002 we are starting to see the benefits of our large investments in our brand and distribution channels. We are excited about Private's on-going growth and welcome the institutional support we have received through this placement." said Charles Prast, President and CEO of Private Media Group.

About Private Media Group

Private Media Group is a leading global adult entertainment company that distributes its content over a wide range of media platforms, including narrow and broadband Internet, DVD and video, magazines, broadcasting and wireless technologies. Private owns the worldwide rights to the largest archive of high quality adult content in the world, which it distributes physically in over 35 countries and digitally worldwide. For more information on the company, go to PRVT.com . This release contains, in addition to historical information, forward- looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the Company's current judgments of those issues. However, because those statements are forward-looking and apply to future events, they are subject to such risks and uncertainties, which could lead to results materially different than anticipated by the Company.

For further information about Private Media Group, please contact:
Jorge Lo'pez Grupo Albio'n, Asesores de Comunicacio'n, S.a. Tel (34) 91 531 23 88 Fax: (34) 91 521 81 87 e-mail: JLopez@GrupoAlbion.net

Pornography feminists unshackle their desires and celebrate their sexuality in the patriarchal world

Related Stories

Related Sites - WARNING! Graphic Content

RavenBay01.3gp

See BiBi Jones at Digital Playground

Top Stories

Diesel Hits Anna Bell Peaks

Marica Hase Birthday Party

Are You an iDriver?

Sheri's Ranch Joint Venture

Allison Kilgore Returns

Exxxotica Dirty 30

#RedtubeoverYoutube

Tera Patrick Available

MWA: 09/14/16

MWA: 09/12/16

Young Girl Auditions

Angela White US Resident

PSK Celebrates 13

More
Stories From

Business News

Allison Kilgore Returns

Tera Patrick Available

Angela White US Resident

Valentina Nappi Available

Prague for TES

Invitation to the Venus

Business News Section Index

NightMoves Call for Sponsors

Dava Foxx Self-Booking

Kahlista Stonem Available

The Hedge Against Exploitation

Toy with Raquel Sultra

XBIZ Berlin Schedule

Savana Styles Available

ChargeSavvy at ED Show

Driller Signs The Rub

NightMoves Calls for Sponsors

Casting Call

ABK Beta Users Free

OC Signs Darcie Dolce

Brittany is Back

Dollie Darko with 101 Modeling

Mercy West Available

The V Agency Joins LATATA

Sin Claire with Foxxx

New Smash VP Wyatt Case

Epoch Club Special Event

Ink Inks OC, The Rub

XBIZ 2016 Announced

RAW Signs Sasha Bradshaw

Direct Reps Harper

SashaBrabuster's XXX Comeback

AJ Applegate Available

Freedom Acres Open House

Global Adult Industry Association

Tod Hunter Press Releases

Cumisha Amado at Sagebrush

J.Lo Doc Johnson Offer

Passport to Hustler Event

Advertise on AINews

Freedom Acres Location

Nina Elle Retains Star Factory

Karen Summer Returns

She's Judas & Available

Camming Con Moves Dates

Exquisite Distributes DDF

Cherie Deville Returns

Roxanne Rae Available

Cherie Deville Available

AINews New Look

     
Copyright © 1998 - 2016 Adult Industry News (AINews.com)
All materials constituting text, articles, press releases, stories, columns, photographs, graphics, and code on the AINews.com domain are protected by copyright, and either owned by Adult Industry News (AINews.com), or reproduced with permission from other copyright owners. It may be downloaded and printed for personal reference, but not otherwise copied, altered in any way, or transmitted to others, without the written permission of Adult Industry News (AINews.com).