SOUTHAVEN, Miss., Jan. 9 - Chilmark Entertainment Group Inc., (OTC Pink Sheets: CMKK) announced today that Chilmark has engaged the services of the Fuller Trident Group out of Newport Beach, CA, Seattle, WA and Portland, OR as Chilmark's investment bankers. The Fuller Trident Group is an investment banking firm with expertise in advising middle market companies in mergers and acquisitions. The Fuller Trident professionals have extensive experience in a wide range of industries as dealmakers, financial officers, senior executives and board members. Fuller Trident uses their experience and industry knowledge to assist clients in achieving their objectives and maximizing value.
The Fuller Trident Group, as part of their role as investment bankers, has agreed to raise a minimum of $1.5 million up to a maximum of $2.5 million for Chilmark to capitalize the SeeMore Golf, LLC acquisition, provide funding for the completion of our video blocker technology and other possible acquisitions.
"We are very fortunate to have a company with the expertise and ability of the Fuller Trident Group working with Chilmark," stated Chilmark CEO Steve Strauss. "The opportunity that the acquisition of SeeMore Golf presented to Chilmark plus the long term opportunity of the video blocker technology were the determining factors in Fuller Trident taking us as a client."
The 1 for 10 reverse split announced last Friday, January 6, 2006 will be effective on January 16, 2006.
The Affiliates
The Chilmark Entertainment Group's present affiliate-partners are Chilmark Media Ltd, Chilmark Artist Development LLC, Chilmark Music LLC, Video Blocker, LLC and SeeMore Golf, LLC. Chilmark Entertainment Group, Inc. holds or has an equity stake of a minimum of fifty percent (50%) in each affiliate. These affiliate companies are variously engaged in distributing mobile entertainment product, record production and sales, music publishing, blocking digital piracy, talent management, consulting, marketing and concert production. The Company's business model provides an ideal working environment for the present entrepreneur-affiliates. The affiliate's time, energy and creative skills can be focused on their projects and not on financing or other administrative matters.
Safe Harbor Forward-Looking Statements
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.
Company Contact
Tom Dean of Chilmark Entertainment Group Inc.
310-910-6597
