Niche Media Ventures Distribution Success: Pilar's Album Passes 38,000 in Sales
NEW YORK--(BUSINESS WIRE)--July 16, 2004--Niche Media Ventures, Inc. (Pink Sheets:NTVI) is distributing the new album entitled "Pilar" by Latin pop princess Pilar Montenegro. Pilar's recently released album has already reached #34 in the Billboard Latin Album chart with sales of over 38,000 units to date (almost 12,000 units have been reported by Soundscan.)
Niche Media current distribution of this album provides Niche Media with the opportunity of taking a more active role in the development of this exciting artist. Pilar is one of a growing number of performers who no longer desire to be associated with a major label record company. NMV has the infrastructure to absorb these acts at little or no cost and get them into national distribution with varying levels of participation.
In addition to complete national distribution, Niche Media Ventures also has the ability to replicate CDs and DVDs, author those DVDs, and provide streaming media and web hosting services to its artists and business partners. This infrastructure allows an independent artist with the ability to produce and distribute their work in a cost effective manner.
The success of the Pilar album points to the strength of NMV's business model. There are a growing number of artists whose album projects are not cost effective for major labels to exploit but can still sell in excess of 10,000 units, which is profitable for NMV.
Niche Media is in position to pick the best of these newly available acts and plans to acquire many new music and film rights, which it believes can have unit sales of between 25,000 and 250,000 units. Furthermore, NMV plans to slowly increase its stake in these acts by leveraging its increasingly formidable infrastructure.
About Niche Media Ventures, Inc.
NMV provides an important link between technology, entertainment and the capital markets for the New Media marketplace. Its broad-based distribution, proprietary web technology, and relationships within both the music and film industries offer a platform for providing recurring revenues capable of supporting development of multiple niche projects.
The Company focuses on developing projects for the fast-growing home theater market, leveraging its infrastructure to develop entertainment projects at a fraction of their traditional cost, and forming relationships with niche media companies which can provide ongoing marketing opportunities and a passionate fan-base for NMV's products and services. For more information, visit http://www.nmventures.com/.
This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words may, would, will, expect, estimate, anticipate, believe, intend, and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
Manufacturers URL : www.nmventures.com
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