IFEX NV Announces the Listing of one of Their Participations Latin Television Inc.
IFEX NV Announces the Listing of one of Their Participations Latin Television Inc.
CORAL SPRINGS, Florida, February 10/PRNewswire-FirstCall/ --
- IFEX Innovation Finance & Equity Exchange NV ("IFEX NV") Announces That
Latin Television Inc. Started Trading on NASDAQ/Pink Sheets Under the Symbol
LTVI.
- IFEX, Together With Other US and European Financial Advisors, Arranged
for Mezzanine Finance, Management Resources and Listing on the NASDAQ
Exchange and Currently has a Participation of 15 % in the Company.
- Latin Television Inc, Aims to Become Third Largest Spanish-Language TV
Network in the U.S.
With the objective to deliver fresh programming to an underserved segment
of the Hispanic television audience, LTV Networks, Inc. announced yesterday
the creation of Latin Television, Inc., which will trade on the NASDAQ/Pink
Sheets stock exchange under the symbol LTVI. Latin Television, Inc. is the
surviving company of a merger between LTV Networks, Inc. and Mega Mania
Interactive, Inc., a partnership that advances Latin Television, Inc.'s goal
of becoming the third largest Spanish-language television network in the
United States.
Initially founded in January of 1999 as LTV Networks, Inc., Latin
Television, Inc. is a Spanish-language media company targeting the 18 to 39
year-old United States Hispanic market. Through a combination of
Spanish-language original programming, movies, sports, news, and
entertainment programs aimed at a heretofore untapped demographic, Latin
Television, Inc. intends to change the way young Hispanic Americans perceive
Latin television and entertainment. Latin Television, Inc. has a cable
footprint which covers approximately 25 percent of the U.S. Hispanic market
and is currently seen on nearly every major cable system in the United
States.
"We are extremely gratified to gain public company status and are excited
about the avenues now open to Latin Television, Inc., as we endeavor to
provide fresh, exciting content to an underserved television audience," said
Randall S. Appel, President and CEO of Latin Television, Inc. "We believe
this is a dynamic, growth industry, and it is our goal to become the third
largest Hispanic network in the U.S."
About Latin Television, Inc.:
Latin Television, Inc. is the surviving company of the merger between LTV
Networks, Inc. and Mega Mania Interactive, Inc. Founded in January of 1999,
LTV appears in 12.5 million homes and is in negotiations with more than 20
separate Hispanic television stations interested in affiliate relationships.
LTV is currently seen on every major cable system in the United States, with
the exception of Time Warner.
Randall S. Appel is the President and Chief Executive Officer of Latin
Television, Inc. and is joined by officers Luis F. Baraldi, Chief Operating
Officer, and Hans Jonas Petterson, Executive Vice Chairman.
Mr. Appel has served as a director of LTV Networks, Inc. since its
inception and has more than 18 years of financial planning and broker dealer
experience. The successful merger with Mega Mania Interactive, Inc. is a
primary example of Mr. Appel's deal-making acumen, honed during his 14-year
tenure with Monsanto Company in St. Louis and New York City. Mr. Appel was
also responsible for the initial and interim funding of American
International Telephone, Inc., which was acquired by a major European
telephone company within three years of its formation.
Mr. Baraldi was previously the Director of Programming and Acquisitions
at DIRECTV, where he was responsible for the development of Programming and
packaging of all sports events and programs shown on DIRECTV's Latin American
service. As the Executive Vice President of Production, Programming, and
Operations for PSN Latin America, Mr. Baraldi was responsible for the
development of programming of all sports events and programs shown on PSN
Latin America. In 1980, Mr. Baraldi co-founded the Baral Group, one of the
most successful media companies in Mexico.
Latin Television, Inc. Board of Directors:
Latin Television, Inc. is proud to welcome Alan Elkin and Manuel Arvesu
to its Board of Directors. Mr. Elkin is currently the CEO of Active
International, the seventh largest media buying company in the world, with
sales in excess of $1 billion per year. Active International brings its
impressive client roster to Latin Television, Inc., providing access to many
of the largest advertisers in the world. Mr. Arvesu is a Senior Partner of
Arvesu and Associates, a well-established law firm in the Latin television
industry.
For more information about Latin Television, Inc., please contact
ir@ltvtv.com for investor relations inquiries.
About IFEX :
IFEX NV is a pan-European corporate finance organisation that facilitates
funding solutions for small and medium sized enterprises. Additional
information about IFEX NV is available at the company's investor relations
website: www.ifexgroup.com.
Source: IFEX Innovation Finance & Equity Exchange NV
For further information contact: Chief Executive Officer, Niels Reijers, Tel: +31-20-428-9534, Email: ir@ifexgroup.com
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