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October 24, 2001 03:13pm
Private Media Group Named One of Forbes' 20 Best
Source: Private Media Group Inc.
by: Company Press Release

(BARCELONA, Spain) -- Private Media Group Inc. (Nasdaq: PRVT - news), a worldwide leader in premium-quality adult entertainment products, services and internet content, has been included in the Forbes Global Magazine list of the World's 20 Best Small Companies to watch in 2002.

The list compiled by Forbes comprises publicly traded companies, with sales of less than $500 million, that have posted strong track records of growth for both revenue and earnings. According to Forbes, from a total over 20,000 companies "we have chosen 20 companies that we believe are the cream of the crop in the universe of small companies. They have been highly recommended by our sources for their strong growth prospects, impressive management and innovative products and services."
The Forbes list of the Best 200 Small Companies in the World is included in the October 29, 2001 issue of Forbes Global, which is currently available on newsstands.

Berth Milton, CEO of Private Media Group, said, "We are pleased that our efforts over recent years are finally being recognized and that people are starting to take notice. We remain focused on delivering positive results in the long term and look forward for the opportunities ahead. We believe that our position in the Forbes list is well earned."

A leading publicly-quoted global adult entertainment company, Private Media Group Inc., is the founder of the globally established brand name 'Private' and has positioned itself in the marketplace with a visionary management strategy that combines both New Media (Internet, multimedia, e-commerce) and Traditional Media (videos, magazines) business models. Maintaining a total adult lifestyle philosophy, this is reflected in the Company's broad range of products and services, both proprietary and licensed, and its strategic policies of development, diversification and acquisition.

For more info about Private Media Group, please visit the Company's corporate Web site at www.prvt.com

This release contains, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the Company's current judgments of those issues. However, because these statements are forward-looking and apply to future events, they are subject to unpredictable circumstances, which could lead to results materially different from those anticipated by the Company.

For more information about Private Media Group, please contact: In Spain: Andre F. Ribeiro of Private Media Group Inc, +34-679-983-772, andre@private.com

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