Players Network Announces Shareholder Update and Growth Strategy for WeedTV and Other Upcoming Networks
June 12 2014 - 9:00AM
Marketwired
Players Network Announces Shareholder Update and Growth Strategy
for WeedTV and Other Upcoming Networks
Players Network New Digital Lifestyle Channel and Social
Community Will Continue to Expand Its Program Content, Technology
Platforms, Live Events, and Ancillary Revenue Opportunities
LAS VEGAS, NV--(Marketwired - Jun 12, 2014) - Players Network
(OTCQB: PNTV), a Digital Television, Technology and New Media
company that develops, owns, and operates Branded Lifestyle Channel
Destinations.
Dear Shareholders, we wanted to take this opportunity to update
and recap you on Q1 and Q2 advancements:
- Players Network recent accomplishments and news
- Review 2014 Initiatives for new shareholders
Recent Accomplishments
and News:
Players Network has achieved several significant milestone
accomplishments in 2014 that will positively impact the Company and
our shareholders.
- February 6, 2014 - PNTV Files $150 Million Lawsuit against
Comcast for failing to meet their contractual responsibilities to
Players Network.
- February 20, 2014 - Tony Caporicci joins Players network as
Chief Technologist and Strategy Officer.
- March 26, 2014 - PNTV Announces New Channel Destination
Dedicated to the Marijuana Community.
- March 31, 2014 - PNTV acquires a super-premium domain
"weedtv.com".
- April 1, 2014 - PNTV Announces "yourweedtv" social media
campaign and launches "@yourweedtv" on Twitter, Facebook, Pinterest
and Instagram.
- April 11, 2104 - Players Network Announces Joseph Estrada as
Director of Business Development
- April 20, 2014 - WeedTv.com is live and official press launch
event from the High Times Cannabis Cup Festival in Denver,
Colorado.
- April 24, 2014 - Players Network announces a Co-Production
Agreement with Uneek Social Media for the Wiz Khalifia &
Friends Spring Break Concert Event on April 27, 2014.
- May 5, 2014 - Players Network announced debt reduction of
$767,950 including payment of the final Asher Note prior to
conversion.
- June 2, 2014 - Players Network announced a joint venture
agreement with DMH Media Network to produce WeedTV magazine
including a 6 page special insert in True Magazine.
These milestone accomplishments are about building a world-class
team to monetize branded digital assets. Real Vegas TV and WeedTV
are the first two Lifestyle Channel Destinations for Players
Network. The business model can be summarized as using niche
program content and social media dynamics to attract an audience to
the PNTV NextGenTV (sm) Enterprise platform. This audience then
becomes consumers and members to drive revenue through both
traditional advertising models as well initiating consumers'
transactions with relevant products and services for additional
merchandising, premiums, subscription memberships and ancillary
revenue opportunities. Players Network has already secured a
program licensing agreement with M3X for over 15,000 titles to
launch multiple Lifestyle Channel Destinations. Each Channel
has the potential to be its own MTV, Speed Channel, Food Network
and so on. The Players Network platform allows for the
development of unlimited niche Channel Destinations.
Review Initiatives for
2014.
- Make the NexGenTV platform available as a white label solution
and through partnerships to companies seeking strategic media,
technology, and distribution capabilities. This is a turnkey
digital solution for companies that Players Network is currently in
active negotiations on for several new channels.
- The Company was successful in keeping the Comcast complaint in
Nevada Federal Court which will expedite proceedings. The Company
is committed to obtaining equitable compensation from Comcast for
failing to meets its contractual obligations and Players Network
will continue to pursue this complaint.
- Continue to expand www.WeedTV.com and www.RealVegasTV.com
Networks. Real Vegas Tv will also contain a series of sub
channels that will be incubated and eventually spun off into their
own networks. Some of these Sub Channels will include Electronic
Music, Culinary, Comedy and Alternative Living Networks genres. In
addition to these incubated networks other stand-alone categories
are planned for 2015 such as Extreme Sports, Medical, Science,
Wellness, Country and much more.
Players Network will continue to develop unique content to
attract audience such as our first concert series with Wiz Khalifia
& Friends Spring Break Concert that will be soon airing on
WeedTv. It is important to remember that the Company has a
proven track record of generating over 125 million views across
platforms. The opportunity for WeedTv is extraordinary as a
first mover in this explosive industry. It is also important
to remember that "weed" or "cannabis" is both a social community as
well as medical for seizure patients, pain remediation for cancer
victims and raw materials for textiles and manufacturing materials
and that WeedTv provides a target opportunity for
sponsors. This is only one of the Channel Destinations we have
launched, developing or selling to new business partners as a white
label solution for their digital go to market strategy. This
is an exciting time for Shareholders and the Company's Management
looks forward to reporting even greater success and milestones
completed to grow revenue and increase shareholder value.
Thank you your support and belief in what we are creating.
Sincerely,
Mark Bradley CEO Players Network
About Players Network: Players Network is a Television and
Digital New Media Company that uses its proprietary Enterprise Web
Platform to develop numerous Branded Digital Lifestyle Networks for
itself and its partners in a wide range of lifestyle
categories. Players Network's current original channels,
"Players Network", "Vegas on Demand", "Real Vegas TV", focus on Las
Vegas and Gaming Lifestyles. They are distributed over PNTV's
owned and operated VOD Channels on TV in over 23,000,000 homes over
Comcast, its Broadband Network and Mobile Platforms, on Hulu,
Google, YouTube, Blinkx and Yahoo Video, on DVD, and through
worldwide television syndication. For more information please visit
www.playersnetwork.com
Statement under the Private Securities Litigation Reform Act:
With the exception of the historical information contained in this
Release, the matters described herein contain forward-looking
statements that involve risk and uncertainties that may
individually or mutually impact the matters herein described,
including but not limited to: the ability of the Company to
increase revenues in the future due to the developing and
unpredictable markets for its products, the ability to achieve a
positive cash flow, the ability to obtain orders for or install its
products, the ability to obtain new customers and the ability to
continue to commercialize its products, which could cause actual
results or revenues to differ materially from those contemplated by
these statements.
CONTACT: Media inquiries contact Lisa Mayo-DeRiso 702.576.2659 Investor
inquiries contact: Parker Mitchell 702-575-0257