Eight Dragons and Press Media Group Announce Joint Venture in Content Specific Media Streaming
02 Giugno 2017 - 8:22PM
Marketwired
Eight Dragons and Press Media Group Announce Joint Venture in
Content Specific Media Streaming
MIAMI, FL-(Marketwired - Jun 2, 2017) - Eight Dragons Co.
(OTCQB: EDRG) announces today that it has entered a joint venture
with Press Media Group, Inc., an innovative multicultural streaming
and entertainment platform provider, to create a content driven
company dedicated to serving a variety of target audiences through
independent fee-based streaming services and ad-based sales.
We believe that the joint venture will combine Eight Dragons'
prospective financial strength with Press Media Group's
industry-specific knowledge and will amplify the ability to compete
in the global content streaming market, which according to data
published by research firm MarketsAndMarkets is estimated to grow
from USD 30.29 billion in 2016 to USD 70.05 billion by 2021, at a
Compound Annual Growth Rate ("CAGR") of 18.3%.
The joint venture will be led by Alberto Marzan, Founder, CEO
and Chairman of Press Media Group, Inc.
"This has always been more than just developing another
streaming service, the core reflects our lens into culture and how
we see our culture being represented which inspired me to create
Press Media Group. Our impact on a global scale will be disruptive
and the innovation we are bringing to the industry will clearly set
us apart. We are truly excited about partnering with Eight Dragons
Company, a true innovator that understands the power of mutually
beneficial relationships," stated Alberto Marzan, Founder, CEO and
Chairman of Press Media, Inc. "Eight Dragons' vision of connecting
energetic and imaginative people to create products and services
for the betterment of humankind is strategically aligned with Press
Media's vision and we look forward to a long-lasting and profitable
relationship with Una Taylor and the Eight Dragons team."
"We are truly pleased to announce our partnership with Alberto
Marzan and Press Media Group, Inc.," stated Una Taylor, Chairman
and Chief Executive Officer of Eight Dragons. "Our joint venture
with Press Media launches our business diversification strategy
which is designed to accumulate exceptional product offerings in
unique, high growth markets. We believe our joint venture with
Press Media, if successful, will generate significant revenues,
profits and market appreciation for our company."
About Press Media, Inc.
Press Media Group, Inc., a preferred entertainment destination
for multicultural consumers seeking a variety of culturally
relevant videos, films, music, audiobooks, and lifestyle content
will provide a place for African-American, Afro-European and
audiences of African Diaspora to connect and exchange ideas sparked
by relatable content. Our mission is for our global culture to
connect and contribute through a dynamic digital experience. For
more information on Press Media Group, Inc., please visit the
company's website at www.pressmediagroup.net (which is expressly
not incorporated into this email).
About Eight Dragons Company
Eight Dragons Company (OTCQB: EDRG) is a technology-investment
company that invests in and operates companies to support a
full-stack development eco-system. Headquartered in Miami, FL and
commencing operations in 2017, Eight Dragons seeks to help
companies using innovation and vision to address the world's
biggest challenges and realize exponential opportunities. For more
information on Eight Dragons, please visit our website at
www.edrg.com, or follow us on Twitter at @edrgco (both of which are
expressly not incorporated into this press release).
Forward-Looking Statements: Except for historical matters
contained herein, statements made in this press release are
forward-looking statements. Without limiting the generality of the
foregoing, words such as "may", "will", "to", "plan", "except",
"believe", "anticipate", "intend", "could", "would", "estimate", or
"continue", or the negative other variations thereof or comparable
terminology are intended to identify forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause actual results,
performance or achievements to be materially different from any
future results, performance, or achievements expressed or implied
by the forward-looking statements. Also, forward-looking statements
represent our management's beliefs and assumptions only as of the
date hereof. Except as required by law, we assume no obligation to
update these forward-looking statements publicly, or to update the
reasons actual results could differ materially for those
anticipated in these forward-looking statements, even if new
information becomes available in the future. The Company is subject
to the risks and uncertainties described in its filings with the
Securities and Exchange Commission, including the section entitled
"Risk Factors" in its Annual Report on Form 10-K for the year ended
December 31, 2016 and its Quarterly Reports on Form 10-Q.
Contact Information: Martin E. Schmieg Chief Financial Officer
Eight Dragons Company Tel. 1 (215) 300-9400 Email.
martin.schmieg@edrg.com For Media and Investor Contact: Luna
Consultant Group 702.333.4886 www.lcginfo.com
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