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Vancouver, British Columbia, June 4, 2013 - Network Media Group Inc. (TSX-V: NTE) (the "Company"), is pleased to announce the appointment of Peter Scarth to its Board of Directors.
Network Media Group's Chairman of the Board, Tony Chan, stated "As Network Media Group continues to grow, we are committed to adding experienced and talented individuals to our board who share our vision for building the company into a world class production studio. We are thrilled that Peter Scarth has agreed to join our board, where he will bring the same energy and insight to Network that he has brought to his many other successful ventures."
Mr. Scarth has been involved in the launch and development of several companies, including Photochannel Networks and Telepix Imaging Inc., a leading supplier of Internet imaging and e-commerce solutions. Prior to launching Telepix, Mr. Scarth worked for the Eastman Kodak Company for 23 years in both the US and Canada, running various division of the company including as Vice President of the Motion Picture division within Kodak Canada, and as Vice President, Business Manager, and Consumer Imaging. Mr. Scarth holds Chemical Engineering and Chemistry/Mathematics degrees from Queen's University in Kingston, Ontario.
The Company has allocated 100,000 incentive stock options to Mr. Scarth, exercisable at $0.10 per share for a 5 year term. The stock options are subject to regulatory approval.
About Network Entertainment
Network Entertainment Inc. is an established television and film production company with an award-winning international reputation. Network's productions include the Academy Award shortlisted feature documentary "Facing Ali", the feature documentary "I Am Bruce Lee", which set all time ratings records for Viacom, and "Stanley's Game Seven", the company's first 3D film. Network's programming has been showcased at marquee film festivals and by broadcasters throughout North America.
Network's past projects and current productions can be viewed at www.networkentertainment.ca
For further information concerning this press release, please email info@networkentertainment.ca
ON BEHALF OF THE BOARD OF DIRECTORS OF
NETWORK MEDIA GROUP INC.
"Derik A. Murray"
Derik A. Murray
Chief Executive Officer and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Except for historical information contained herein, this news release contains forward-looking
statements that involve risks and uncertainties. Actual results may differ materially. Except as
required pursuant to applicable securities laws, the Company will not update these forward-looking
statements to reflect events or circumstances after the date hereof. More detailed information about
potential factors that could affect financial results is included in the documents filed from time to
time with the Canadian securities regulatory authorities by the Company.
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