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Home > Colorado News > Summus Works, inc. Developing Television Markets
Summus Works, inc. Developing Television Markets
Summus Works, Inc. announced that in line with the Company's VVV policy, its media division is developing television broadcast markets in the states of Colorado and Montana. The company's vision of subscriber base (or "sub base") expansion calls for the establishment or acquisition of existing cable broadcast and/or low power television ("LPTV") stations on which to air the Company's original programming with that of RSN. RSN is a national resort sports network based in Portland, Maine. Summus Works recently launched its wholly owned subsidiary RSN, Steamboat TV-18, in Steamboat Springs, Colo., on Comcast Communications CMCSK CMCSA cable network, the Company is looking for new markets to develop. "Our plan necessitates the expansion of our own sub base to increase the value of our broadcast inventory across a larger network of specifically targeted markets, and so, demographics," explained Steamboat TV-18's Nathan Pickens. He further explained the relationship between the size of a network's subscriber base and its CPM (cost per thousand) impressions available to advertisers. The two markets the Company is targeting have a combined existing advertising inventory valued in excess of $2.5 million, excluding sponsorship, product placement, etc.
Summus Works, Inc. (Pink Sheets:SMMW) is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. For more information on the company or its outdoor sports and media subsidiaries. This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
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