SOURCE: Fortune Market Media, Inc.

February 22, 2008 09:00 ET

Fortune Market Media, Inc. and Las Vegas Television Network Sign Joint Venture Agreement

LOS ANGELES, CA--(Marketwire - February 22, 2008) - Fortune Market Media, Inc. (PINKSHEETS: FTMM), a diversified media and communications corporation, announced today that it has entered into a joint venture agreement with the Las Vegas Television Network (LVTN) to develop programming and fund the expansion of operations. Ryan Tomlinson, Executive VP of Fortune Market, stated, "The Las Vegas Television Network is one of the most exciting projects in media today. As the number one tourist destination, the number one convention destination, and the number four brand, Las Vegas represents a great investment for media development. While many companies have attempted to build a network based on Las Vegas, LVTN is the only one to actually persist in developing a 24/7 linear network focused on Las Vegas. We look forward to developing more Vegas themed programming and making that programming available to cable and satellite systems throughout the world."

Fortune Market Executive VP John Salley stated, "I am very excited to be a part of this network development. It's not hard to see the potential in this partnership with Las Vegas Television Network. This venture will be a perfect addition to our satellite, internet and mobile media distribution."

Nathan Drage, President of LVTN, stated, "LVTN has created over twenty Vegas-based television shows and will go into production on an additional twenty-two shows in the fall. We have had a relationship with Fortune Market Media for over a year and we are very pleased they share LVTN's vision for creating Las Vegas-based television programming and are now able to become a player in LVTN financing, development, marketing and distribution."

Fortune Market Media, Inc. is a diversified Media and communications company providing businesses with a variety of financial, consumer, and investor related communications services. Fortune Market is also known for their ability to create and produce exclusive, original content. This content creates awareness for its advertisers who look to capture the attention of investors, consumers and potential partners through FMM's multi-channel streams of media. More information is available at www.fortunemarket.net.

The Las Vegas Television Network has a 24/7 "All Vegas All The Time" original programming format. LVTN programming covers celebrities, sports, and entertainment from the undisputed Entertainment Capital of the World. Though a subsidiary, LVTN owns Las Vegas station KVTE Channel 35 which operates as its flagship affiliate. LVTN is in the process of negotiating carriage agreements with cable and satellite systems throughout the United States. If it happens in Las Vegas, it's seen on LVTN. www.lvtn.com

Safe Harbor Act: This release may contain "forward-looking statements" within the meaning of the Securities Act of 1933, as amended, and the Securities and Exchange Act of 1934, as amended. Also, such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may include statements of future expectations, plans, results, or strategies. Market investors are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected or anticipated forward-looking statements.

Contact Information

  • Contacts:
    Fortune Market Media, Inc.
    800-313-7912

    Las Vegas Television Network
    702-796-3535