Good Morning All! DD remeber july third 2 new cont
Post# of 45510
Good Morning All! DD remeber july third 2 new contracts being signed!
-Punch TV / ICPA merger is a done deal. Press release next week. Will be finalized formally in early July.
-All Punch TV assets now part of ICPA.
-Punch TV staff & shows now all part of ICPA.
-Joseph Collins (I think I got the name right), Punch TV owner is now a partner with Steve.
-Shares will be issued to pay for the deal, but THE FLOAT WILL NOT CHANGE.
-Punch TV is a multicultural station broadcasting throughout the US & also the Caribbean.
-Revenues: $10 - $15 million per year starting this Fall.
-Punch TV (&, therefore, ICPA) own most of the programs shown on Punch TV.
-50 million household viewership.
-3rd largest 'urban TV' network.
-Warner Brothers: no specifics given, but Steve considers them to be his 'tighest' connection. Wow...considering how well he is connected.
-Steve plans to have ICPA on NASDAQ by the end of 2013.
-Clear Channel & restaurant TV (or whatever that division is called) will be used to promote Punch TV shows.
-Steve concluded by stating that acquiring Punch TV today completes one of his biggest lifelong dreams.