Stratus Entertainment Inc. Changes Name to Latin Television Inc.
August 18th, 2007 Leave a comment Visited 25 times, 1 so far today
Stratus Entertainment Inc. Changes Name to Latin Television Inc.
Stratus Entertainment Inc. (OTCBB:SRTU) has changed its name from Stratus Entertainment Inc. to Latin Television Inc. A new Cusip number will be announced next week when it is received from Cusip Service Bureau.
On August 14, 2007, Stratus Entertainment acquired all of the assets of THE League Magazine relating to its broadcasting enterprises into the Hispanic community. The assets included all of the broadcasting equipment, electrical properties, contracts, as well as the name Latin Television Inc. and all related trade names and trademarks.
Stratus has changed its name to Latin Television Inc. and intends to continue broadcasting to the Spanish community while taking advantage of the momentum created by the previous operating entity.
Stratus has developed a new model for broadcasting to the Hispanic community which it intends to follow and expand in its new enterprise.
Derek Jones, CEO of Stratus was quoted: “With the access of the capital markets that we have as well as a new management team, we are confident that the ongoing operations of Latin Television Inc. under our new banner will be successful and that the shareholders of Stratus will be the ultimate beneficiaries. We believe that the Hispanic community is one of the fastest growing segments of American society. Our focus is to serve that community with a combination of English and Spanish broadcasting that will inform and integrate Hispanic viewers on all levels.”
Forward-Looking Statements
This press release contains statements, which may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934.
Those statements include statements regarding the intent, belief or current expectations of Latin Television Inc., and members of its management as well as the assumptions on which such statements are based.
Any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.
The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contacts
Latin Television Inc.
Derek Jones, CEO, 310-636-9228
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