Source: Metro Global Media, Inc.
By: Company Press Release
CRANSTON, R.I.–(BUSINESS WIRE)–June 9, 1999–Metro Global Media, Inc. (NASDAQ:MGMA – news), a multimedia, mass-marketing enterprise, today announced that Metro, Inc., its adult entertainment subsidiary, will unveil the world’s first full screen, full motion adult web site, AMAZINGSEX.com, on August 30, 1999.
This exciting technology is a solution to overcome the most limiting factor on the Internet, bandwidth. By integrating mass storage capabilities of CD/DVDs with the popularity and diversity of the Internet, users will be able to benefit from up-to-the-minute changes and content-rich visuals without the annoying wait times of downloading. Users will marvel at the high speed of the new site, which the Company believes will be superior to all other adult web sites currently in existence.
The AMAZINGSEX.com site will feature proprietary footage from Metro, Inc. productions that is not available anywhere else in the world, including behind-the-scenes footage that has never been seen before and exclusive on-the-set interviews with top name adult stars.
More than one million CD/DVDs necessary to support the new technology will be distributed through Metro’s extensive distribution network during the first phase of circulation.
Last year, $1.4 billion in revenues were generated worldwide from the purchase of Internet content, with adult material accounting for 69 percent of this total. Revenue from all online content is projected to nearly quadruple to $5.4 billion by 2003, with adult content accounting for more than half of this sum ($3.1 billion), according to Bloomberg Business News.
“We are confident that Metro’s world-wide distribution base, and its ability to drive traffic and create new and unique content will thrust Metro into the forefront of the exploding adult web business,” said Greg Alves, vice president of Metro, Inc. and head of West Coast operations.
Updated information can be seen on Metro Global’s corporate web site www.METROGLOBAL.com. For further information, contact the The Company’s Investor/Public Relations Manager Jennifer St.Cyr at (888) 463-8764.
