April 19, 2001 05:15am
New Frontier Media Continues to Add Addressable Subscribers - Reporting 182% Increase
Source: New Frontier Media, Inc.
by: Company Press Release
(BOULDER, CO) -- New Frontier Media, Inc. (Nasdaq: NOOF - news), a leader in the electronic distribution of adult entertainment, announced that its pay television subsidiary, The Erotic Networks, reported that its networks reach 25.7 million addressable subscribers. That figure represents an increase of 16.6 million, or 182% for the period ended March 31, 2001, on a year-to-year basis. The Erotic Networks reported that its networks reached 9.1 million addressable subscribers a year ago.
The Company reported its ninth consecutive quarter of growth in its addressable subscriber base. ``Since we began distributing our network programming to cable and DBS (direct broadcast satellite) affiliates in 1998, we have been able to deliver consistently higher buy rates than our competitors,'' stated Ken Boenish, President of The Erotic Networks. ``We remain committed to continuing to grow our addressable subscriber base and delivering higher buy rates to our affiliates,'' he said.
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of Securities & Exchange Act. The Company intends forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. All statements relating to buy rates of its programming and its ability to continue to achieve the highest buy rates in the adult category, the expectation that potential affiliates will choose to do business with the Company on the basis of its buy rates and the outcome of any contingencies are forward-looking statements. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Please refer to the Company's most recent Form 10-KSB and other filings with the SEC for additional information regarding risks and uncertainties.
ABOUT NEW FRONTIER MEDIA, INC.
New Frontier Media, Inc. is the fastest growing distributor of Adult Entertainment today. The Company delivers the most extensive lineup of quality programming over the broadest range of electronic means including cable, satellite, Internet, Broadband and video-on-demand.
The Erotic Networks, the umbrella brand for the Company's subscription and pay television subsidiary, provides pay-per-view and subscription TV networks to over 25 million cable, DBS (direct broadcast satellite) and C-band households throughout North America. The Erotic Networks include Pleasure(TM), TeN(TM), ETC (Erotic Television Clips)(TM), Extasy(TM), True Blue(TM) and Gonzo X(TM). These networks represent the widest variety of editing standards available and are programmed without duplication to offer the most extensive selection of adult network programming under a single corporate umbrella.
IGallery, the Company's Internet subsidiary, is a leader in the adult Internet market serving both the consumer and webmaster markets. IGallery designs and manages its own membership-based web sites for the consumer market. IGallery also offers a wide range of products and services to the webmaster market. Presently, IGallery owns over 1,500 Internet domain names and operates 50 thematically organized consumer sites. Collectively, these sites generate over 60 million visitors each month. IGallery's own Internet network infrastructure enables the delivery of live and on-demand video events to millions of Internet users.
For more information contact Karyn Miller, Chief Financial Officer, at (303) 444-0900, extension 102, and please visit our web site at www.noof.com.