SOURCE: Kaleidoscope Media Group, Inc.
NEW YORK, May 2 /PRNewswire/ -- Henry Siegel, Chairman & CEO of Kaleidoscope Media Group, Inc. (OTC Bulletin Board: KMGG; and Frankfurt Stock Exchange: BNN) announced today that the series entitled ``Double Cross'' (formerly ``a.k.a. Picasso'') will not be produced due to conflicts among the production companies which could not be resolved in time for a launch this Fall.
``Double Cross,'' which was to star David Hasselhoff, had received a warm reception from buyers, particularly in the U.S., where KMG, the worldwide sales agent, and its domestic sub-distributor BKS, cleared over 80% of the U.S. on major stations such as the CBS O&O's and the Partner Station Network (PSN) group.
Due to KMG's support and performance, Mr. Hasselhoff and his manager, Jan McCormack, have expressed their desire to continue to work with Mr. Siegel and KMG. ``We were pleased by what Henry accomplished with 'Double Cross' and it is no fault of David or Henry that the series is not going forward,'' stated Ms. McCormack. ``We are in negotiations on other properties and will announce plans shortly,'' she added.
Kaleidoscope Media Group, Inc. located in New York is a vertically integrated entertainment company. The company has the distribution rights to hundreds of hours of sports, informational and entertainment programming including: series such as ``Tarzan: the Epic Adventures;'' movies and mini-series such as ``Shaka Zulu: the Citadel,'' Orson Wells ``Magnificent Ambersons'' and ``Merlin: The Magic Begins''; sports properties including golf, boxing and fitness; family entertainment shows consisting of circus, magic and ice skating and informational series such as Cafe Digital and Information Television Network's catalogue of programming in the areas of health and technology.
When used in this discussion, the words ``anticipates,'' ``expects'' and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected.
SOURCE: Kaleidoscope Media Group, Inc.