Gold River Productions, Inc. Announces Beta Testing of its Proprietary Mobile Media Delivery System
Gold River Productions, Inc. Announces Beta Testing of its Proprietary Mobile Media Delivery System
PROSPECTIVE ENTERTAINMENT GIANT DELIVERING MOBILE MEDIA
LOS ANGELES, June 19 /PRNewswire-FirstCall/ -- Gold River Productions, Inc. (Pink Sheets: GRPS) has completed beta testing of its new mobile media delivery system. Over the course of the past year, the management team of Gold River Productions has actively built an extensive, exclusive, content library. Gold River is positioned for worldwide distribution of all its media delivery; as of today we are poised to deliver content to 28 countries around the world.
Due to the dynamic content available, the library must be kept confidential until commercial release. However, given the creativity and knowledge of the management team, Gold River is sure that the 2.2 billion cell phone users will not be disappointed.
Over the past three years, the mobile media market has had an explosion of success as most, if not all, wireless telecommunications companies have seen their revenues increase substantially. Global premium mobile content market revenue rose to $6.4 billion in 2006, up from $4.5 billion in 2005, with $600 million of that representing the United States.
CEO Bruce Caplin says, "Gold River Productions sees the opportunity to enter into this market and grow its market share steadily over the next several quarters." The mission statement of Gold River management is simply "to increase the value of our shares," and with the mixture of rich media in film, music, web and mobile, we are sure that Gold River Productions' business plan will achieve that statement.
About Gold River Productions, Inc.
Gold River Productions, Inc. is an entertainment company focused on low-budget feature films, audio/video mobile media and internet production with accompanying artist/soundtrack production, promotion, and distribution. Based in Ventura, CA, the company is positioned to realize optimal financial returns from five (5) profit centers: low-budget films, audio/video mobile media, soundtracks, a record label (United Network Music Group), and marketing/distribution arrangements with third-party filmmakers.
Safe Harbor Statement
This press release contains forward-looking statements. All forward-looking statements involve risks and uncertainties, including, without limitation, the risks detailed in the Company's filings and reports with the Securities and Exchange Commission. Such statements are only predictions, and actual events or results may differ materially from those projected.
First Call Analyst:
FCMN Contact: robert@goldriverinc.com
Source: Gold River Productions, Inc.
CONTACT: Investor Relations, Sarah Monahan of Baron General Capital LLC,
+1-610-628-6360, for Gold River Productions, Inc.; or Robert Shaw of Gold
River Productions, Inc., +1-805-643-5400
Web site:
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