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PROACTIVE MEDIA GROUP MERGER COMPLETED ProActive Media merger with the parent company Laguna Entertainment Corp. and is preparing it's first feature film production MIAMI MAMBO" a romantic comedy about Cuban Americans in Miami Beverly Hills CA.----Josi W. Konski, CEO of ProActive Media Group, Inc. (PAVM), announced today that the merger with the parent company Laguna Entertainment Corporation originally established in 1987 has been completed.
ProActive Media Group, Inc. is a multi-faceted media company specializing in worldwide independent film Production, Distribution and Sales with a division (ProActive Music) in the music industry.
Mr. Konski stated that "ProActive Media Group, Inc. expects through its slate of films as well as future acquisitions to generate revenues from multiple sources such as (1) Domestic theatrical releases, (2) domestic and international sales for, Video/DVD, cable, television and other ancillary markets (3) merchandising sales, (4) general music (soundtrack) sales (5) management and music release of new Talent.
Proactive Media Group, Inc. is currently preparing their first production and distribution feature film project, "Miami Mambo" originally developed in conjunction with New Line Pictures and now owned by ProActive Media. "Miami Mambo" is an ethnically flavored romantic comedy about Cuban Americans in Miami similar in structure to the successful "My Big Fat Greek Wedding" targeting the same audience demographics. Proactive Media has entered into an agreement with 1st BridgeHouse Securities to raise the 5 Million Dollar Budget through a Private Offering.
Konski also stated that "Under the New Music Division of the company, ProActive Music, we have entered into a 50/50 Joint Venture with Lou-Do-Music to manage and release the Top Selling Canadian singer Brad Johner in the US"(www.BRADJOHNER.COM). Brad Johner was recently nominated by Canadian Radio Music Awards "Best New Country Group or Artist" The Joint Venture will release Mr. Johners first U.S. CD in January 2004
Statements contained in this release which are not historical facts may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties, as well as other uncontrollable or unknown factors, could cause actual results to materially differ from the results, performance, or expectations expressed or implied by such forward-looking statements.
CONTACT: Josi W. Konski, CEO Proactive Media Group, Inc. Symbol PAVM 310 714-5674 310 277-6632 Fax e-mail: ProactiveMediaGr@aol.com
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