NexxNow & PBL Join Forces: PBL China LLC Formed
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BUFFALO, N.Y., Aug. 5 /PRNewswire-FirstCall/ -- NexxNow, Inc.
(OTC Bulletin Board: NXXN), a sports media and marketing company (developers
of the "ACE" Technology) and the Premier Basketball League ("PBL") have joined
forces on the eve of the Beijing Olympics via the formation of PBL China LLC.
PBL China LLC will pursue:
1. Television broadcast of PBL basketball games into and from China
worldwide
2. International league expansion
3. The formation of Chinese owned and operated PBL teams in the People's
Republic of China
4. Solicitation of international/national sponsorship of the PBL through
the utilization of NexxNow's "ACE" technology and multi-media platform
offering.
NexxNow recently joined forces with Pan Asia Investment and Management
Co., a China registered corporation, and added Dr. Fu Lo Jen and Huang Dasen,
of Shanghai Pudong Development Bank, amongst others to its Chinese Advisory
Board. These relationships have forged ahead in pursuit of the broadcast of
PBL games and team formation within the PRC. NexxNow's vision has been
received enthusiastically by Chinese officials and high ranking members of
China's media industry. More announcements to follow.
"We have been in negotiations with the PBL for many months. Dr. Hrywnak,
PBL Chairman and Tom Doyle, President govern what we and most of the sporting
world consider the highest quality basketball product in North America, second
only to the NBA. Their international vision, willingness to think outside the
box and commitment to the future is what compelled us to lend our Chinese
associations and join forces in creating a basketball offering worthy of
broadcast to the PRC.
"The progress that has been made by NexxNow, the PBL, Pan Asia and our
Advisory Board is remarkable and defines a true desire on the part of China to
participate and deliver quality sports programming worldwide. The CCTV/IMG
joint-venture defines this clearly also. We have worked very hard in
cultivating the needed relationships in Asia and are thankful for all they
have done to further our initiatives," stated Paul Riley, NexxNow CEO.
Dr. Hrywnak added, "This agreement places another piece into our model for
business success that we have crafted the past year. Professional teams need
to find ways to profit and with this partnership we are surely on that road as
a professional basketball league. Economic times dictate that pro teams seek
out new business strategies that will insure their longevity. The PBL together
with NexxNow has given us that ability."
About The Premier Basketball League (PBL)
The Premier Basketball League is a professional basketball league with
teams in cities including Detroit, Chicago, Halifax and Montreal. It is the
first exclusive, international basketball league purely designed for the
ultimate fan experience around today's modern world. Comprised of well-funded
partners and teams from proven top-caliber organizations, the PBL has the
combined horsepower to attract and sustain only the best performing talent to
deliver unsurpassed excitement for ultimate fan value.
About the Company (OTC Bulletin Board: NXXN)
About NexxNow, Inc.
NexxNow, Inc. is a diversified Sports Media and Marketing Company that
Provides technologically powered multi-media ad platforms to
National/International Advertisers. NexxNow China, Inc. (Subsidiary) is
pursuing the television broadcast of professional sporting events to and from
China.
Information on the company and a fact sheet can be found on
www.nexxnow.com.
Forward Looking Statement:
This release contains 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. All forward-looking statements
are inherently uncertain as they are based on current expectations and
assumptions concerning future events or future performance of the company.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which are only predictions and speak only as of the date hereof.
In evaluating such statements, prospective investors should review carefully
various risks and uncertainties identified in this release. These risks and
uncertainties could cause the company's actual results to differ materially
from those indicated in the forward-looking statements.
CONTACT INFORMATION:
Market Vision Consulting, Inc.
Robert Gartzman
Phone (561) 447-7177
SOURCE NexxNow, Inc.
Robert Gartzman of Market Vision Consulting, Inc., +1-561-447-7177, for
NexxNow, Inc.
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