Published: November 08, 2005
Gener8Xion Entertainment and Band World Form Alliance
Gener8Xion Entertainment, Inc. (the
"Company") (OTC BB: GNXE) announced today that they have entered into a
strategic alliance with Canadian-based 797738 Ontario ltd. operating as
"Band World" (http://www.bandworld.com ) to provide audio installations for
Gener8Xion's pastoral and ministry network.
Under the terms of the alliance the two companies will work closely to
develop, design and implement audio solutions as they relate to the needs
of Ministries across Canada, USA and Mexico.
"This alliance with Band World creates the 'one-stop-shopping' experience
for our clients, the Pastors and their respective Ministries across North
America. We are very delighted with the management expertise at Band
World; they are an innovative group and highly skilled at audio
implementations," stated Matthew Crouch, CEO and Chairman of Gener8Xion.
Bob Spencer, Founder and President of Band World, expressed, "When one
thinks of the Christian market place and Media, Gener8Xion always comes to
mind. The Company is establishing relationships with some of the nation's
leading Ministries. They are truly the ideal partner to assist Pastors
with their audio needs."
Band World offers a wide variety of media services as they relate
specifically to the multimedia audio experience. These include: set audio
design, staging, audio equipment, audio wiring installation and technical
support staff.
Gener8Xion Entertainment, Inc. (http://www.8x.com ) (OTC BB: GNXE) is an
integrated media company engaged in various operating activities including
feature film and television production and distribution, sales and rentals
of film and video equipment, systems integration and studio facility
management.
This news release includes certain forward-looking statements (all
statements other than those made solely with respect to historical fact)
and the actual results may differ materially from those contained in the
forward-looking statements due to known and unknown risks and
uncertainties. Any one or more of several risks and uncertainties could
account for differences between the forward-looking statements that are
made today and the actual results, including with respect to our sales,
profits, liquidity and capital position. These factors include, but are not
limited to: risks relating to our ability to satisfy regulatory
requirements with respect to our internal controls over financial reporting
under Section 404 of the Sarbanes-Oxley Act of 2002, which requires us to
perform an evaluation of our internal controls over financial reporting and
have our auditor attest to such evaluation; softness in the general retail
environment or in the markets for our products; the timing and acceptance
of products being introduced to the market; the level of product returns
experienced; the level of margins achievable in the marketplace; the
collectibility of accounts receivable; the recoupment of royalty advances;
the effects of acquisitions or dispositions, the financial condition of our
customers and suppliers; the realization of inventory values at carrying
amounts; our access to capital; the outcome of any future Internal Revenue
Service audits; and the realization of income tax and intangible assets.
These conditions cannot be predicted reliably and the Company may adjust
its strategy in light of changed conditions or new information. Gener8Xion
Entertainment, Inc. disclaims any obligation to update forward-looking
statements. Gener8Xion Entertainment, Inc. is located at 3400 Cahuenga
Boulevard, Hollywood, CA 90068.
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