November 18, 2003 06:00am
Berth Milton returns as CEO of Private Media Group Inc.
Source: Private Media Group Inc.
by: Company Press Release
(Barcelona, Spain) -- Private Media Group Inc. (NASDAQ: PRVT) the worldwide leader in premium-quality adult media, today announced that Berth Milton has been reappointed Chief Executive Officer and President of the company.
Mr Milton, currently Chairman of Private and founder of the company, succeeds Charles Prast who has left the group.
Mr Milton was CEO until 2001 and built up Private from its origins as a publisher of one adult magazine in 1991 to its current position as a leading multimedia producer and distributor in the adult entertainment sector. Private Media Group is a Us incorporated company with its European headquarters in Barcelona, Spain and it is listed on the Us NASDAQ exchange. Private operates a worldwide business in broadcasting, DVDs and videos, internet, print magazines and adult toys and has announced sales in excess of $40 million.
Berth Milton said, "I am delighted to be Chief Executive once again of the company I have helped to build up over the last decade. We have experienced problems of cost control and growth in the last two years, but measures have been put into place to reverse this. We have many new developments in the pipeline and I am looking forward to bringing these to fruition. This will be a very exciting time of sustained growth and new product launches for Private Media".
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: JLopez@GrupoAlbion.net