Vancouver, British Columbia, January 10, 2012, Network Media Group Inc. (TSX-V: NME) (the
"Company"), formerly Andele Capital Corporation, is pleased to announce the successful acquisition and financing of Network Entertainment Inc.("Network"), a privately held media company, via a $2.5 million prospectus offering which completes the previously announced Qualifying Transaction for Andele Capital Corp. (a Capital Pool company). (see News Release dated December 30, 2011)
Network is a Vancouver based television, film and online production company specializing in the production of original content for the international market. Network's principal business is the development, financing, and production of factual and unscripted television series, feature length documentaries for theatrical and television distribution, and online programming, in all areas including sports, music and lifestyle.
The injection of capital will allow Network to pursue a growing list of domestic and international projects building upon their historic successes including the 2010 Academy Award shortlisted feature documentary Facing Ali, the primetime television series Making the Cut, and the Hockey Hall of Fame's theatrical presentation of Stanley Cup Odyssey.
The new merged entity is rebranded as Network Media Group Inc. and is a publicly traded tier-2 TSX Venture company under the ticker symbol NME.
For further information concerning this press release, please email
info@networkentertainment.ca.
ON BEHALF OF THE BOARD OF DIRECTORS OF
NETWORK MEDIA GROUP INC.
"Derik A. Murray"
Derik A. Murray
Chief Executive Officer and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Except for historical information contained herein, this news release contains forward-looking
statements that involve risks and uncertainties. Actual results may differ materially. Except as
required pursuant to applicable securities laws, the Company will not update these forward-looking
statements to reflect events or circumstances after the date hereof. More detailed information about
potential factors that could affect financial results is included in the documents filed from time to
time with the Canadian securities regulatory authorities by the Company.
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