Business News
NexxNow, Inc. Right Place Right Time Opens Beijing Office to Establish Basketball Broadcast Initiatives to Over 400 Million Chinese Basketball Fans
2008-08-11 12:46:00
NexxNow, Inc. Right Place Right Time Opens Beijing Office to Establish Basketball Broadcast Initiatives to Over 400 Million Chinese Basketball Fans
BUFFALO, N.Y., Aug. 11 /EMWNews/ -- NexxNow, Inc. (OTC Bulletin Board: NXXN), a sports media and marketing company is pleased to announce that it has opened its Chinese office at the Beijing Sunflower Tower, Beijing, China. NexxNow will share the Clemente Asset Management, LLC facilities and benefit from Clemente's administrative staff and counsel. Paul Riley, CEO of NexxNow stated, "Our association with Clemente Asset Management and the creation of our China Advisory Board provides an unparalleled opportunity to advance our basketball broadcast initiatives in China. CMS Media Research reports that over 770 million Chinese tuned into at least one Olympic game yesterday. It is also estimated that one billion basketball fans watched the U.S. men's Olympic basketball team play China's team in Beijing. Coupled with China's plan to build 800,000 additional basketball courts over the next 10 years, China has indeed caught basketball fever with more than 180 million Chinese tuning into the USA vs. China basketball contest." Riley continued, "The basketball market and interest in China dwarfs that of any other country in the world. The market is proven. Advertising revenues and ROI are at record breaking proportions with most major advertisers interested in tapping into China's 1.3 billion plus consumer force. These factors put NexxNow in the right place at the right time. Simply put: to penetrate even a small percentage of the Chinese basketball fan audience can convert into strong revenue and earnings for any basketball broadcast." NexxNow recently united with the Premier Basketball League ("PBL") by forming PBL China, LLC to accomplish the following: television broadcast of PBL basketball games to and from China worldwide, international league expansion, the formation of Chinese owned and operated PBL teams in China and solicitation of international/national sponsorship of the PBL through the utilization of NexxNow's "ACE" technology and multi-media platform offering.
About NexxNow, Inc. (OTC Bulletin Board: NXXN)
NexxNow, Inc. is a diversified Sports Media and Marketing Company that
provides technologically powered multi-media ad platforms to
National/International Advertisers. NexxNow China, Inc. (Subsidiary) is
pursuing the television broadcast of professional sporting events to and
from China.
Information on the company and a fact sheet can be found on
http://www.nexxnow.com.
Forward Looking Statement:
This release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. All forward-looking
statements are inherently uncertain as they are based on current
expectations and assumptions concerning future events or future performance
of the company. Readers are cautioned not to place undue reliance on these
forward-looking statements, which are only predictions and speak only as of
the date hereof. In evaluating such statements, prospective investors
should review carefully various risks and uncertainties identified in this
release. These risks and uncertainties could cause the company's actual
results to differ materially from those indicated in the forward-looking
statements.
CONTACT INFORMATION:
Market Vision Consulting, Inc.
Robert Gartzman
Phone (561) 447-7177
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