SOURCE: Convenience TV Inc.

July 13, 2010 10:00 ET

Convenience TV Inc. Completes Acquisition

LOS ANGELES, CA--(Marketwire - July 13, 2010) - Convenience TV Inc. (OTCBB: CRPZD) (formerly Costa Rica Paradise Inc.) wishes to announce that on April 1, 2010 it entered into an acquisition agreement (the "Acquisition Agreement") with Global Fusion Media Inc., a company incorporated under the laws of British Columbia ("Global Fusion"). According to the terms of the Acquisition Agreement, it agreed to acquire all of the interest in C-Store Network, LLC ("C-Store") from Global Fusion in exchange for 36,000,000 shares of its common stock.

On May 5, 2010 it closed the transactions contemplated by the Acquisition Agreement and acquired C-Store as its wholly owned subsidiary. Going forward, the company has abandoned its former real estate business, and will focus on the business operations of C-Store. C-Store is a media and advertising company which, through a network of in-location televisions installed at various convenience store locations, focuses on direct advertising to store customers throughout North America.

"We are thrilled to have successfully completed this reverse merger," said company President and CEO Norman Knowles, "as we are now able to present an exciting and quickly expanding company to North American investors. We are excited to now be a part of the Digital Signage industry, which is taking the advertising business to new heights. In the near term, we will focus our expansion in the Los Angeles area, then move on to the other top marketing areas," he said.

About Convenience TV Inc.

Convenience TV is focused on the Convenience Store Industry and provides their clients with an "in-location" TV network. The Network is designed to deliver both entertaining content and targeted advertising on a demographic basis to each retail location. In addition, the Network delivers promotional advertising tied to products within the retail location. The programming can be up-dated quickly and is tailored to meet the specific clients' need for increased sales, customer enjoyment and brand reinforcement.

Further details on the acquisition of C-Store can be found in our Current Report on Form 8-K filed with the Securities and Exchange Commission on May 11, 2010.

Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements. To the extent that any statements made in this report contain information that is not historical, these statements are essentially forward-looking. Forward-looking statements can be identified by the use of words such as "expects," "plans," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning. These statements are subject to risks and uncertainties that cannot be predicted or quantified and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, our ability to raise additional capital to finance our activities; the effectiveness, profitability and marketability of our products; legal and regulatory risks associated with the share exchange; the future trading of our common stock; our ability to operate as a public company; our ability to protect our proprietary information; general economic and business conditions; the volatility of our operating results and financial condition; our ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed from time to time in our filings with the Securities and Exchange Commission (the "SEC"), or otherwise.

Contact Information

  • CONTACT:
    Convenience TV Inc.
    Investor Relations Office
    1-877-331-8777