Outdoor Channel Holdings Completes Purchase of Building to House New State-of-the-Art Digital Broadcast Facility
Outdoor Channel Holdings Completes Purchase of Building to House New State-of-the-Art Digital Broadcast Facility
TEMECULA, Calif., Aug. 31 /PRNewswire-FirstCall/ -- Outdoor Channel Holdings (NASDAQ:OUTD) today announced that it has completed the previously announced purchase of a 28,000-square-foot office complex from Temecula Enterprises. The building currently is being renovated into a new state-of- the-art broadcast facility that will house editing, production, engineering and support staff offices for the company's national television network, The Outdoor Channel, and its new high-definition channel, Outdoor Channel 2 HD.
When finished later this year, the new broadcast facility -- with its own up-link satellite dish -- will produce and transmit standard-definition programming for The Outdoor Channel's East and West Coast feeds, as well as the high-definition signal for Outdoor Channel 2 HD. The new building is located at 43455 Business Park Drive, across from the company's corporate headquarters, in Temecula, California.
About Outdoor Channel Holdings, Inc.
Outdoor Channel Holdings, Inc. owns and operates The Outdoor Channel, a national television network dedicated to providing traditional outdoor programming to America's 82 million anglers, hunters and outdoor enthusiasts. The Outdoor Channel features approximately 100 weekly programs featuring hunting, fishing and shooting sports, as well as off road motor sports and other related lifestyle programming. Nielsen Media Research estimates The Outdoor Channel's universe, through a combination of cable and satellite dish subscribers, to be approximately 25.6 million homes for September 2005. The company also owns and operates related businesses that serve the interests of viewers of The Outdoor Channel and other outdoor enthusiasts, including Outdoor Channel 2 HD, LDMA-AU, Inc. (Lost Dutchman's) and Gold Prospector's Association of America, LLC. (GPAA).
Safe Harbor Statement
Information in this news release that is not historical fact may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). These forward looking statements include, without limitation, the company's ability to timely complete building renovations before the end of 2005. The company's actual results could differ materially from those discussed in any forward- looking statements. The company intends that such forward-looking statements be subject to the safe-harbor provisions contained in those sections. In assessing forward-looking statements, readers are urged to read carefully all cautionary statements contained in the company's filings with the Securities and Exchange Commission. For these forward-looking statements, the company claims the protection of the safe harbor for forward-looking statements in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Source: Outdoor Channel Holdings
CONTACT: Perry T. Massie, President and Chief Executive Officer, or
William A. Owen, Chief Financial Officer, +1-951-699-4749, both of Outdoor
Channel Holdings; or Investor Relations, Cecilia A. Wilkinson or Angie Yang,
Corporate/Financial Communications, +1-310-279-5980, investor@pondel.com, both
of PondelWilkinson Inc., for Outdoor Channel Holdings
Web site: http://www.outdoorchannel.com/
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