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Diverse Media Group (Pink Sheets: DVME) has signed a letter of intent to
acquire a 50% stake in Celebrities In Action, Inc. in a joint venture to
create new superhero character franchises based on real-life Hollywood
celebrities. The new characters will be developed in cooperation with
actual film, music and television and sports stars and original
storylines will span multimedia, multiplatform projects. Plans include
television, film, home entertainment, videogames, publishing, consumer
products and merchandising.
Celebrities In Action, Inc. (CIA) is a vertically integrated
entertainment company that develops, produces and distributes
proprietary and licensed entertainment content, with a particular focus
on animated celebrities.
CIA has an existing joint venture with Stan Lee’s POW! Entertainment
banner to develop, produce and distribute animated programming, content
and merchandise based on the premise of real-life celebrities in
competition against characters from other worlds. Diverse Media Group
will identify and secure the celebrity participation and Stan Lee will
provide the creative vision to shape these novel superhero personas.
Praised as “a legend” worldwide and honored with his own Hasbro “Marvel
Legends” action figure, Stan Lee is associated with such breakthrough
superhero characters as Spider-Man®, The Incredible Hulk®, The Fantastic
Four®, X-Men®, Iron Man® and Daredevil®. He is also recognized as an
innovator in creating new media opportunities and revenue streams for
the superhero genre. Among his accomplishments, Stan Lee is credited
with leading the expansion of Marvel Comics from a small division of a
publishing house to a multimedia corporation, and developing his
characters into longstanding franchises.
Hollywood talent agent Chris Nassif, founder of Diverse Talent Group and
its parent company, Diverse Media Group, Inc., commented, “Stan Lee has
excelled as a visionary, a leader in the global media industry and a
creative talent whose complex fictional characters have become living,
breathing members of our world. We are delighted to provide the setting
for him to create characters based on real stars, which taps into the
resources of CIA, POW! Entertainment and Diverse Media Group.”
It was recently announced that Stan Lee and POW! Entertainment would
develop a one-hour superhero drama series for Showtime premium cable
network (Viacom); he is also developing several feature films for
Paramount Studios (Viacom).
About Diverse Media Group, Inc.
Diverse Media Group, Inc. (Pink Sheets: DVME) (http://www.diversemediagroupinc.com)
is an entertainment company that aggregates expertise across all aspects
of the media industry. Diverse Media Group has at its core the
established 27-year history of its wholly owned subsidiary, Diverse
Talent Group. Diverse Talent Group is now the 10th largest
Hollywood agency offering talent and literary representation in
commercials, episodic television, cable programming and motion pictures.
The company has the ability to create programming, foster distribution
and represent talented individuals to fuel a new digital age of content
generation. The parent company also includes the subsidiary Talent Quest
America, Inc., which identifies new and rising talent representing the
future of the Hollywood entertainment community.
The information contained herein contains forward-looking information
within the meaning of Section 27A of the Securities Act of 1993 and
Section 21E of the Securities Exchange Act of 1934 including statements
regarding expected continual growth of the company and the value of its
securities. In accordance with the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 it is hereby noted that
statements contained herein that look forward in time which include
everything other than historical information, involve risk and
uncertainties that may affect the company's actual results of operation.
Factors that could cause actual results to differ include the size and
growth of the market for the company's products, the company's ability
to fund its capital requirements in the near term and in the long term,
pricing pressures, unforeseen and/or unexpected circumstances in
happenings, pricing pressures, etc. Investing in securities is
speculative and carries risk. Past performance does not guarantee future
results.