Quick Index
 Adult Industry News
Search AINews Database
Type Keyword or Phrase Here
Advertise with AINews Pornography feminists unshackle their desires and celebrate their sexuality in the patriarchal world

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

Porn for GEEKS! Meet me & my friends!

Club Jessica Jaymes - Official Website

May 04, 2000 02:37am
PRVT Stock Performance Report: 200% Increase!
Source: Private Media Group Inc.
by: Company Press Release

(BARCELONA, Spain) -- Private Media Group Inc. (Nasdaq: PRVT - news), positioned in global markets as an industry-leading brand name with a crucial mix of Old and New Economy business models, today announced that its stock price has appreciated 200% since confirmation of its listing on Nasdaq was reported on January 28, 1999. At the close of stock trading on May 03, 2000, PRVT was priced at $33. A maximum performance to date of $40 was achieved on February 7, 2000.

``We have seen this very healthy increase in shareholder equity over the period,'' explained CEO of PRVT, Berth Milton. ``We have also had a steady increase in retail buyers over the period and, from our shareholder records, we know that many of our stockholders have been with us since we were on the Bulletin Board and have stayed with us loyally as long-term players. I would like to thank them for the belief they have in our stock and our company. I would also like to thank our highly-skilled employees for all their efforts. We will continue our Company policy of a multi-racial, multi-gender mix in all departments, which has worked so well.

``However,'' Mr. Milton continued, ``given such positive conditions and results, and the fact that during the recent stock market swings PRVT's price remained steady and even gained value when others were not doing so well, it is with regret that institutions, mutual funds and stock analysts continue to avoid our exciting and progressive Company because of our industry. In some cases, institutions and stock analysts have admitted directly to us that they love the Company and the stock, but they are afraid of being the first to officially recommend and support us to investors. This is ironic, considering that companies like AT&T, Marriott Hotels and On Command profit from the adult industry in providing services such as telephone lines and movies to their clients and customers. And what about VHS Video and the DVD? The rapid early successes of these formats in the marketplace has been due to the demand for adult entertainment. That is a marketing fact. So, companies like Sony, Philips, and Matsushita Electric all profit indirectly from the success of the adult industry. As do companies like Eastman Kodak and Fuji Photo Film Co. Ltd. whose equipment and film are used.

``If any financial analyst, mutual fund or institution wishes to contact me directly, I am prepared to demonstrate that we are like any other professional, well-run company and that we are a responsible and reputable industry leader which has been in existence since 1965 with a global brand name, increasing earnings and stock price and a positive media profile that included Forbes magazine coming to our headquarters last June and writing a very positive article. And everything we have achieved has been done without incurring any debt or loans. I have nothing to hide and I'd happily show you around our headquarters. Ask me whatever you wish. This is a much better means of finding out the truth than just ignoring a highly successful company like ours for what, to me and a large part of the general population, are unsatisfactory reasons.

``We are proud of our development thus far and will continue to pursue Internet growth as much as any New Economy companies like Microsoft, Intel, Yahoo!, Dell, America Online, Oracle or Cisco and we will also continue to develop new geographical territories, diversify and acquire like any of the Old Economy stocks such as Procter & Gamble, Time Warner, Coca-Cola, Disney, McDonalds, Merck, Wal-Mart and General Motors. We will maintain that blend of New and Old by combining the strength of our brand name and worldwide traditional distribution network while venturing forward and building on the impressive Internet figures we have announced to date.''

The leading publicly-quoted adult entertainment company in the world, Private Media Group Inc., is the founder of the globally established brand name ``Private'' and has positioned itself in the marketplace with a visionary management strategy that combines both New Economy (Internet, multimedia, e-commerce) and Old Economy (videos, magazines) business models. Maintaining a total adult lifestyle philosophy, this is reflected in the Company's broad range of products and services, both proprietary and licensed, and its strategic policies of development, diversification and acquisition.

For more information, visit the Company's corporate Web site at www. 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 more information contact: In Barcelona, Spain: Johan Gillborg of Private Media Group Inc., +43-93-590-7070, johan@milcap.es; or In London, England: Adam Reynolds of Hansard Communications.Com, +44-207-840-7782, adam.hansard@clsholdings.com

Advertise with AINews



Top Stories

The Roast of April O'Neil

McCullough, Rai on Inside

Morgan, Foxxx CoHo XRCO

Big Ass Rubdown ~ Reviewer Rated

MWA: 05/03/18

MWA: 04/29/18

MWA: 04/28/18

Natasha Nice Free Agent

Holly Hendrix Self Booking

CDC: Undetectable HIV

2018 XRCO Nominees


Natasha Nice Gangbang

Amateur Introductions 26

Sex Expo NY 2018

2018 XRCO Awards Announced

Anal Violation of Bonnie Grey ~ Reviewer Rated

Eros, a Short Film

Lee Signs Victoria June

Maxine X Voted #1

Czernich Releases Heavy Rubber 37

Legal Panel: Weinstein, #MeToo

Consent Checklist

Nice Girls Swallow 10

Paradise Wins Best Condom

Paradise, Astroglide StorErotica Nom

Paradise Marketing New Website

Dennis Paradise Inducted

Stories From

Business News

Holly Hendrix Self Booking

Natasha Nice Free Agent

Consent Checklist

LewdWork Adult Job Board

Romantic Depot Harlem

Paradise, Astroglide StorErotica Nom

Spotlight Studios Adult Industry Party

Valentina Nappi Available in 2017

Osa Lovely Signs Skyn

Genuine Sin VR

Brothel Seeks Britney Spears Lookalike

Winter Wonderland at XBIZ

Press Release Service

Nina Kayy with Skyn

Coxxx Models Licensed in CA

Bukkake Participants Needed

Lolly Ink Self Booking

XBIZ 2017 Show

Allison Kilgore Returns

Tera Patrick Available

Skyler Nicole 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

AJ Applegate Available

Dennis Paradise Inducted

AINews New Look

Copyright © 1998 - 2018 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).