April 19, 2000 10:48am
Private Media Group Inc. (Nasdaq: PRVT) to Report Substantial Increase in Internet Sales Revenue
Source: Private Media Group Inc.
by: Company Press Release
(BARCELONA, Spain) -- Private Media Group Inc., a leader in premium-quality adult entertainment products and services since 1965 and the first such company trading on the Nasdaq National Market, today announced that sales revenues from membership subscriptions to its Internet websites has increased substantially between October 1999 and April 2000 compared to internal forecasts.
In particular, during the current financial year to date, the Company has seen a growth in sales of new membership subscriptions to its websites that exceeds internal forecasts.
In view of this exceptional growth, first quarter earnings from Internet activities will show a considerable increase compared to the same period last year and the final quarter of 1999.
Private Media Group Inc. will announce first quarter earnings on, or before, May 15, 2000, as well as a separate, more detailed report on the growth in Internet memberships referred to above.
For more information, 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 27 A of the Securities Act 1933, as amended, and Section 21 E of the Securities Exchange Act of 1934, as amended, which reflect the Company's current judgements of those issues. However because those statements are forward-looking and apply to future events, they are subject to such risks and uncertainties, which could lead to results materially different than anticipated by the Company.
Contacts: In Barcelona, Spain: Johan Gillborg of Private Media Group Inc., +34-93-590-7070, johan@milcap.es; or In London, England: Adam Reynolds of Hansard Communications.Com, +44-207-840-7782, adam.hansard@clsholdings.com; or In Los Angeles, California: Fran Daniels, Financial Sciences of America, 310-278-4413, finsci@earthlink.net.
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