FAME Productions, Inc. Acquires Augustus Publishing, Inc.
October 12 2010 - 5:16PM
Marketwired
FAME Productions, Inc. (PINKSHEETS: FMPR) announces that on May 30,
2010 it acquired 100% of Augustus Publishing, Inc., a publisher of
urban based literature.
Founded in 2005, Augustus Publishing is a leader in the field of
urban content publishing, dedicated to providing the best in urban
fiction and nonfiction. Augustus Publishing's titles interlace
action, crime, and the urban lifestyle depicting the harsh
realities of life on the streets. Currently, Augustus Publishing
has over 25 titles in its portfolio and plans to expand with the
release of numerous new titles, authors and distribution deals.
Augustus Publishing has an exclusive distribution agreement with
Publishers Group West, a division of Perseus Books Group. Perseus
Books Group is one of the top ten publishers in the United States
and has earned the distinction of being named publisher of the
year. PGW has had numerous national best sellers including several
that have sold over one million copies. This agreement with PGW
provides national and international sales, marketing, distribution,
and logistics support.
Augustus Publishing believes the continued popularity of urban
publishing content attracts readers from all demographics similar
to the crossover appeal hip-hop music has had on the landscape of
America. The combination enables FAME to leverage the Augustus
Publishing portfolio of urban literature properties across a wide
array of media channels as well as traditional print, unlocking
value and maximizing potential that may otherwise have gone
untapped.
Under the terms of the acquisition, Augustus Publishing is
operating as a wholly owned subsidiary and the management of
Augustus Publishing has been appointed to the FAME Board of
Directors and to the executive team. Accordingly, Jason Claiborne
has become the CEO of FAME, Anthony Whyte joined FAME as its
President, and Jason Santiago joined FAME as its Chief Operating
Officer.
Jason Claiborne, CEO of FAME, remarks on the partnership, "Our
long term vision for Augustus Publishing was to be a company that
created compelling urban content that we could deliver to the
marketplace through multiple forms of media. This partnership
allows us to reach those multi-media distribution goals faster
while continuing to grow our core publishing business."
"We are now positioned to expand through organic growth,
multimedia licensing and distribution, as well as acquisition. The
timing is perfect for us as the need for urban content coupled with
the recent success of urban based films and programming uniquely
positions our Company to be a participant at all levels of
opportunity," commented Jason Santiago, Chief Operating Officer of
FAME.
About Augustus Publishing, Inc. Augustus Publishing, Inc.
(www.augustuspublishing.com) is an emerging leader in the field of
urban content publishing, dedicated to providing the best in urban
fiction and nonfiction for consumers of all ages, across printed
and electronic formats.
About FAME Productions, Inc. (PINKSHEETS: FMPR) FAME
Productions, Inc. is an innovative media, sales and marketing
company, which, through its subsidiary, owns, operates and manages
urban literature properties. The Company seeks to create value by
leveraging its content across a wide array of media channels
inclusive of publishing, licensing, film and the entertainment
industry.
Forward-Looking Statements This release contains
"forward-looking statements" and information provided by FAME
Productions, Inc., such as online, printed documents, publications
or information available via FAME Productions' website, may contain
certain forward-looking statements that involve risks,
uncertainties, assumptions and other factors, which, if they do not
materialize or prove correct, could cause FAME Productions' results
to differ materially from historical results, or those expressed or
implied by such forward-looking statements. All statements, other
than statements of historical fact, are statements that could be
deemed forward-looking statements, including statements containing
the words "planned," "expects," "believes," "strategy,"
"opportunity," "anticipates," and similar words. These statements
may also include plans, strategies and objectives of management for
future operations; any statements regarding proposed new products,
services or developments; any statements regarding future economic
conditions or performance; statements of belief; and any statements
of assumptions underlying any of the foregoing.
CONTACT: FAME Productions, Inc. TEL: 631-393-5022 EMAIL: Email
Contact http://www.fameproductionsinc.com
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