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A New Spotlight On Diverse Media Group (PINK:DVME.PK)
By: Michael Vlaicu   Thursday, October 22, 2009 9:31 AM
It gives us an opportunity to create a strong business model, distributing a wide variety of titles across a multitude of platforms."The Elio Pictures titles include "The Lost Angel" (2005) with Judd Nelson and Nicholas Celozzi, "Framed by Seduction" (2004) starring Robert Patrick, "Nightmare Boulevard" (2004) starring Claudia Christian and Corbin Berenson, "7-10 Split" (2007) featuring Tara Reid and Rachel Hunter, and "Senior Skip Day" (2008) with Lea Thompson and Norm MacDonald. The sixth title, "Momo," is currently in development.The option is being purchased with 25 million shares of Diverse Media Group restricted common stock, valued at $50,000. The Company has until March 30, 2010, to exercise its option for a cash price of an additional $400,000. According to Elio Pictures, "Framed by Seduction," made for $3.5 million, has earned $10 million alone, worldwide, since its release. Source here

Diverse Media Group Inc. (DVME) Finalizes Joint Venture to Create Celebrity Superhero Franchises
Diverse Media Group Inc. has completed the acquisition of a 50% equity interest in Celebrities in Action, Inc. ("CIA") in a joint venture to create new superhero character franchises based on real-life Hollywood celebrities. The new characters will be developed with major stars of film, music, television and sports. Plans include original storylines spanning television, film, mobile and home entertainment, videogames, publishing, consumer products and merchandising.Celebrities In Action, Inc. is a vertically integrated entertainment company that develops, produces and distributes proprietary and licensed entertainment content, with a particular focus on animated celebrities.Diverse Media Group purchased 37,500,000 shares of CIA common stock, representing 50% of all authorized shares of Celebrities In Action, Inc. In exchange, Diverse Media Group agreed to assume CIA's responsibilities in signing up celebrities and/or well-known athletes to participate in the creative joint venture with Stan Lee's POW! Entertainment, Inc. Diverse Media Group also agreed to issue 20,400 shares of its Series A Preferred Stock to Fordee CA Trust, the majority CIA shareholder, exchanged for the acquisition of California PA Trust, a California business trust owned by Fordee, and Fordee's release of its option to acquire the 37,500,000 shares of common stock in CIA.

CIA has an existing joint venture with Stan Lee's POW! Entertainment banner to develop, produce and distribute animated programming, content and merchandise based on the premise of real-life celebrities in competition against characters from other worlds. Diverse Media Group will identify and secure the celebrity participation and Stan Lee will provide the creative vision to shape these novel superhero personas.

Praised as "a legend" worldwide and honored with his own Hasbro "Marvel Legends" action figure, Stan Lee is associated with such breakthrough superhero characters as Spider-Man®, The Incredible Hulk®, The Fantastic Four®, X-Men®, Iron Man® and Daredevil®. He is also recognized as an innovator in creating new media opportunities and revenue streams for the superhero genre. Among his accomplishments, Stan Lee is credited with leading the expansion of Marvel Comics from a small division of a publishing house to a multimedia corporation, and developing his characters into longstanding franchises.

Hollywood talent agent Chris Nassif, founder of Diverse Talent Group and its parent company, Diverse Media Group, Inc., commented, "Stan Lee has excelled as a visionary, a leader in the global media industry and a creative talent whose complex fictional characters have become living, breathing members of our world. We are delighted to provide the setting for him to create characters based on real stars, which taps into the resources of CIA, POW! Entertainment, and Diverse Media Group."

Lee's POW! Entertainment company has a first-look deal with Disney, which last month acquired his former company, Marvel comics, for $4 Billion. Source here

Represented Actors and Directors on Primetime Shows

Diverse Talent Group represents actors and directors on leading primetime television shows including Lost, 24, House, Bones, Wildfire, Prison Break, Deadwood, NCIS, Criminal Minds, and previously Seventh Heaven, Charmed, One Tree Hill, and Las Vegas. He also has negotiated deals for soap stars on leading daytime shows such as The Young and the Restless, General Hospital and Days of Our Lives.

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