SOURCE: Information Architects

May 04, 2006 09:00 ET

Information Architects Signs Letter of Intent to Acquire Big International Group of Entertainment

FT. LAUDERDALE, FL -- (MARKET WIRE) -- May 4, 2006 -- Information Architects (IA) (OTC BB: IACH), a leader in online information solutions, today announced that the Company has entered into a letter of intent to acquire Big International Group of Entertainment Inc., which provides quality family programming and an entertainment portfolio that appeals to a significant portion of the market that relies on children's programming and takes a moderate approach to television and entertainment.

Big International Group of Entertainment's portfolio of companies include Sailor Productions Inc., which is emerging as strong competitor in animation, Theme Park Development Inc., which is planning the development of a new theme park and several restaurants, and Big Records, which brings to the table an emerging inventory of entertainment products and services. Included in this group of companies are also Big International Group of Advertising Inc., Mainstream Publishing Inc. and the Big Web Network.

Big Entertainment has invoked the interest of all the major studios as well as licensing opportunities. The union of these entities with Information Architects and its affiliates will create a conglomerate in the television and entertainment industry that will soon become a leading competitor. The Company's content networks and investments include publications that focus on children friendly products and services.

"I am looking forward to the completion of this deal and working with Big Entertainment. Both of our companies are focused on providing the highest quality entertainment that supports the values of devoted parents and caregivers with a positive approach to life. It is especially encouraging that the forming of this union is happening at a time when the demand for quality entertainment is higher than ever before," commented Jon Grinter, President of Information Architects.

Closing of the transaction is subject to a number of conditions and is expected to be completed without any issues.

About Information Architects

IA (www.ia.com) and its affiliates have been developing and supporting products that fulfill specific needs in a wide variety of industries. These solutions have been delivered over the web and are intended to reach a wider audience that would normally not have access to these services. Among these tools is the original Film and Broadcast Productions solution.

Release Disclaimer

The statements contained in this press release contain certain forward-looking statements, including statements regarding Information Architects' expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to Information Architects' management as of the date hereof and actual results may vary based upon future events, both within and without the control of Information Architects' management.

Contact Information

  • For more information, please contact:
    Jon Grinter
    954-561-7321
    or
    Media Relations
    Collette Clarke
    519-893-3374
    collette@retailport.com