Stocks & Investing
Stocks and Investing
Stocks and Investing
Wed, November 17, 2010
Tue, November 16, 2010 
LOS ANGELES--([ BUSINESS WIRE ])--Verde Media Group Inc. (OTCPK: VMGI), announces today that the acquisition for 100% ownership of Beyondrace.com has been executed. The website ([ www.beyondrace.com ]) is focused on new and groundbreaking artists, music, film, fashion, and art in all its forms. Included in the acquisition are the exclusive rights and previously shot footage of the pilot episode of aBackstage with BRMa, a reality series that brings live music and its creation by popular artists and producers from the studio, to our live television audience and the viewers at home.
William Veve, President of Verde Media Group, Inc. stated, aThis is an important acquisition for Verde, Beyondrace.com has a well established international reach that is rapidly growing and we intend to leverage this undervalued asset and implement extensive updates to expand its market penetration. With a continued working relationship with the print magazine, Beyond Race we plan to maximize the current advertising base and create a new expandable business model. Additionally I am excited to be able to bring on aBackstage with BRMa, as this will be an exciting addition to our portfolio of Reality television programming.a
DISCLAIMER: CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The results described herein cannot be guaranteed. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of the Company to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. The Company undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in the Company's expectations.
