HONG KONG and SANTA MONICA, CA -- (Marketwire) -- 11/25/08 -- Archer Entertainment Media
Communications, Incorporated (PINKSHEETS: AEMC) www.archeremc.com (ISIN
US039490107), announced today it has entered negotiations to acquire
www.ubroadcast.com, a revolutionary new company that enables the general
public to set up their own broadcast station from their computer, wherever
they may be in the world, creating a live "YouTube®" capability to
produce, direct and distribute their own radio and television shows via the
Internet.
"Subscribers to ubroadcast.com will be assigned a standard station that
will always belong to them, and from which they can broadcast, live, their
own individual original programming to millions of viewers per day,"
Michael Selsman, Archer Chief Executive Officer, said. "This is really
unique. The software is truly innovative, and the idea and concept is truly
exceptional. Those who produce the shows will be able to monitor exactly
how many viewers they have each day and decide whether their programming
could command actual sponsors who will pay them, thus generating income,
just like standard radio and TV. ubroadcast offers something that
traditional Internet video sites or traditional network television and
radio can't deliver independently, and a viral delivery mechanism that
advertisers and sponsors have been searching for. They have the ability to
reach a potential audience of hundreds of millions, in a cost effective
manner not available to traditional forms of radio or television
broadcasting, and free of FCC and other regulation. Thousands of stations
can be broadcasting at any time, and new stations can go online at will to
discuss topics or subject matter without the limitations of censorship. By
giving the power to the individual to broadcast and interact, they are
creating a talent pool of individuals from which to draw from. By providing
high-quality original programming, they are adding to the general culture
at large."
John Castiglione, Chief Executive Officer of ubroadcast, commented, "We
look forward to exploring a relationship that could potentially strengthen
our organization as well as build additional value for our shareholders.
The next few weeks will be exciting times for both organizations and we
hope that we can reach a definitive agreement so that we may move full
speed in the New Year."
About Archer Entertainment
Archer Entertainment Media Communications, Incorporated is a vertically
integrated global entertainment and media company engaged in the
production, delivery, distribution and exhibition of digital content
through various platforms including Internet, IPTV, Satellite to PC TV,
Video-on-Demand (VOD) and Pay-Per-View (PPV).