August 02, 2001 05:35am
New Frontier Media Tops 31 Million Addressable Subscribers
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 an increase of 130% in its addressable subscriber count from June 2000 to June 2001. The Company reported that its networks reach 31 million addressable subscribers as of June 30, 2001 up from 13.5 million as of June 30, 2000. The Company also reported that on a consecutive quarter basis it had increased its addressable subscribers by 3.2 million, or 12%.
``Our networks continue to achieve the highest buy rates and have become the vehicle of choice for cable operators and DBS providers to capitalize on the most popular editing standards in the adult category,'' stated Ken Boenish, President of The Erotic Networks. ``Cable and DBS multi-channel television platforms have embraced New Frontier Media's network offerings because our services represent a separate and distinct programming choice for the consumer and the operator,'' Boenish continued.
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 networks and the expectation that potential affiliates will choose to do business with the Company 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-K 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 31 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 1,300 Internet domain names and operates over 40 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.