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IGSM GROUP INC.: IGSM Plans to Launch Its Own Digital Television Channels in Selected US Markets
FT. LAUDERDALE, FL--(Marketwire - June 11, 2009) - IGSM GROUP INC. (
"We are negotiating to obtain an Affiliate license for IGSM's first broadcast channel. We are working to find a suitable content provider that meets our needs," said H. Francis Fytton, CEO of IGSM, on the eve of the nationwide move to Digital Television.
Existing broadcast stations will have to change to digital signals commencing June 12. Many of these stations will take advantage of new technology allowing them to add additional digital channels carrying different programming.
"Using a combination of Affiliate Programming and our own proprietary library, IGSM will be able to fill a complete 24/7 schedule at lower cost than most other stations. This is because IGSM already owns programming that we use for the vacant timeslots. The Affiliate Programming is received by satellite, we then fill in the reserved spots with our programming and advertising," added Mr. Fytton.
"We can also offer existing station owners a turnkey option to add new digital content to their lineup," added Mr. Fytton. "This means that if you are the local affiliate for the same franchise, but in a different market, then IGSM has a solution for you."
An Affiliation agreement is similar to a franchise agreement but with the territories set by existing FCC boundaries or DMAs. Designated Market Areas (DMAs) are used by Nielsen Media Research to identify TV stations whose broadcast signals reach a specific area and attract the most viewers. There are currently 210 Non-overlapping DMAs covering the entire continental United States, Hawaii and parts of Alaska.
ABOUT IGSM GROUP INC.
IGSM GROUP INC. is based in Florida and operates two divisions that provide Digital Services to business. It recently announced that the company intends to enter the Digital Television business.
FORWARD-LOOKING STATEMENT
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of IGSM GROUP INC., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include, but are not limited to, fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise any forward-looking statement.