Earthworks to Launch Mixed Martial Arts Social Network Cage Monster Dot Com in September 2009
June 05 2009 - 9:00AM
Marketwired
Earthworks Entertainment, Inc. (PINKSHEETS: EWKS) announced today
that it has entered into an agreement to purchase eighty percent
(80%) of CageMonster.com, a Mixed Martial Arts (MMA) social network
web site to be launched in September 2009.
CEO Steven Humphries said in making the announcement, "The MMA
market is exploding and this web site will be the talk of the
industry. CageMonster.com will list and rank the top fighters
around the work including their latest stats along with photos and
video. Additionally, the site will feature its own radio and TV
station which will feature pre-fight commentary and
interviews."
Earthworks COO J. Buckeye Epstein said, "What makes our site
extraordinary is that we take a no-holds-barred approach to
reporting on what we see as a huge emerging business. Our editorial
staff will present an entirely unique perspective the to
industry."
CageMonster.com will be available on a subscription basis. The
Company estimates that within 12 months their subscriber base will
exceed 200,000 which will generate more than $1.9m in annual
revenue, which does not include advertising revenue.
This news release contains "forward-looking statements" within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995. When used in this release, words such as "estimate,"
"expect," "anticipate," "projected," "planned," "forecasted" and
similar expressions are intended to identify forward-looking
statements, which are, by their very nature, no guarantees of
Earthworks Entertainment's future operational or financial
performance, and are subject to risks and uncertainties. Readers
are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this release. Due to
the risks and uncertainties, actual events may differ materially
from current expectations. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
Investor Contact: Tom Derby 877-381-5720
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