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Mega Media Group, Inc. (OTCBB: MMDA) is one of our highlighted companies this month. The company is a multimedia entertainment holding company with several subsidiaries that offer a broad range of services. The divisions include recording, music production and distribution, video production, radio broadcasting, and Pulse 87, a Rhythmic Top 40 Radio station serving the New York Tri State Area.
In our client’s news yesterday,
Pulse 87 FM, WNYZ-LP, announced the signing of an annual advertising agreement with Major World Automotive, a New York automotive dealership. The terms of the contract are strictly dependent upon ratings, but at Pulse 87’s current ratings, it is valued at $192,000. The ratings are monitored by the Arbitron PPM ratings system, and tracked on a weekly basis as stated in the agreement. The potential maximum one-year value of the contract could exceed $420,000.
VP of sales for Pulse 87, Gina Golden, commented on the announcement by saying, “Major World is one of the largest and sought out advertisers in the New York market by all media, this agreement signifies the beginning of our foothold in the market large brands.” Pulse 87 has a large multi-racial audience that covers all five boroughs of New York City and the entire New York tri-state area. It plays top 40 hits in addition to its collection of exclusive remixes and the infamous Star and Buc Wild morning show.
Chris Orsaris, the GM of Major World Automotive, commented on the deal and the company’s standing with Pulse 87 by saying, “Thru the last few months we have advertised with Pulse and have seen results that have given us value and added exposure. Pulse has been very responsive to our brands needs. We look forward to a long relationship.” As business and ratings continue to grow, Pulse 87 looks forward to more major advertising contracts with local businesses.
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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. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.