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BW0281 DEC 04,2001 7:30 PACIFIC 10:30 EASTERN
( BW)(NV-AXESS-MEDIA-GROUP)(AXMG) nVAULT Strikes Gold On Intellectual Property; AXESS MEDIA Portal World Leader in Online Protection of Film, Music and Art
Business Editors
LAS VEGAS--(BUSINESS WIRE)--Dec. 4, 2001--The AXESS MEDIA Group, Ltd. (OTC:AXMG), a publicly traded Internet production and multimedia company, is proud to announce it has finalized an exclusive agreement with nVAULT and a services agreement with EnterVault for launch of a revolutionary new on-line business in the protection and distribution of film, music and art worldwide.
nVAULT is reported to hold first mover advantage in the on-line protection and distribution of artists' original works.
Particularly after the Napster Case, Jupiter Media / Metrix and other industry analysts have identified piracy and the protection of intellectual property over the Internet as a leading concern for all artists, producers and distributors of film, music and art on the world wide web. nVAULT reportedly provides a value-added solution to this problem by offering a highly secure bank-style online safe deposit box or electronic lock-box with which content providers can privately control the protection and distribution of their creative properties.
The blockbuster announcement follows AXESS MEDIA's scheduled roll-out of several breakthrough vertical market content portals within the film, music and art industries.
"This is AXMG's first major revenue-generating product and gives the company first-mover advantage in a huge worldwide vertical market," said Michael Grandon, Chairman and CEO of The AXESS MEDIA Group, Ltd. "We expect this on-line business model to revolutionize the world of secure distribution for intellectual property. By offering an easy-to-use downloading and secure online storage environment for the electronic protection of original works, nVAULT empowers artists to control their own distribution on the Internet and broadens business opportunities for any creator, producer or distributor of creative content on the web."
The terms of agreement between AXESS MEDIA, nVAULT and EnterVault were not disclosed, but a fully-operational security-based web-site is expected to be in-place before calendar year-end; in anticipation of a number of large business opportunities for AXESS MEDIA among established film and music distributors; as well as independent movie producers, artists and music labels.
About nVAULT
nVAULT (http://www.nvault.biz/) has emerged as the world's leader and pioneer in secure protection and distribution of intellectual property over the Internet. With its emphasis on empowering artists for the digital download of their original works from a secure electronic vault, and offering "artists-on-demand" (AOD) to the everyday consumer, nVAULT opens new e-commerce and community building opportunities for producers and consumers of art, film and music on a worldwide basis. nVAULT is the exclusive property of AXESS CREATIVE PROPERTIES, LLC, a Nevada corporation, sponsored by AXESS Insurance Corporation, and a member of The AXESS MEDIA Group, Ltd., in partnership with EnterVault, Inc.
About EnterVault
EnterVault, Inc., formed in July 2000, is a provider of trusted Internet services that support the security, delivery, storage and access of electronic files and documents for the benefit of an individual electronic vault owner. PrivateVault, EnterVault's first online service, was originally designed to meet the unique confidentiality needs of financial and professional service providers, such as banks, healthcare providers, credit unions, lawyers, CPAs, securities firms, and financial advisors, as well as government contractors and third party suppliers. EnterVault (http://www.entervault.com/), a Utah corporation, is a wholly-owned subsidiary of Zions Bank, an affiliate of Zions Bancorporation; the 36th largest bank in the U.S., with over 400 full-service banking offices in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Utah and Washington.
About AXESS MEDIA
San Francisco and Las Vegas-based AXESS MEDIA Group (OTC: AXMG) is a publicly traded Internet content producer, comprised of a diverse array of business-to-business, business-to-government, business-to-consumer, and consumer-to-consumer value-added web applications; all integrated into an independent on-line production network, known as the AXESS NETWORK.
AXESS MEDIA (http://www.axmg.com/) currently sports over 20 proprietary Internet content portals, as well as owning a domain estate with over 250 potential brands and products; ranging from on-line education, electronic voting, entertainment, charitable giving, and healthcare, to biotechnology, insurance, e-vault security, Internet radio, music, art, film, on-line television production, travel, and children's programming; all targeted at personal or professional empowerment within large global vertical markets; and integrating specific tools or core competencies into all of AXMG's web-based portals.
AXESS MEDIA's business plan calls for targeting over $ 150 Billion in potential markets worldwide, but is focused on capturing between 1-2 % within the largest uncompeted market segments. The company reports approximately 28 million issued and outstanding shares; of which 80% is held in restricted subsidiary asset accounts, and the rest closely held. The public float is approximately 2 million shares. AXMG has no short or long term debt and its predecessor company's common stock traded as high as 9 1/4 per share before reorganization and trading under the AXMG symbol in June 2001.
Through its distributed management relationship with HQ Global Workplaces, the world leader in shared office facilities, AXESS MEDIA provides "axess" for its subsidiaries and affiliates to conduct "virtual" enterprise business in over 250 cities worldwide.
More announcements on nVAULT are expected before year-end. A corporate profile of the AXESS MEDIA Group and its public announcements can be obtained on an on-going basis at http://www.businesswire.com/ under "Company News Archives." Information may also be obtained on the web at http://www.axmg.com/, via email at info@axmg.com or by toll-free phone at: 1-866-GO-AXESS.
Safe Harbor Statement: Included in this press release are Axess Media Group, Ltd. forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct.
--30--MRO/se*
CONTACT: AXESS MEDIA Group, Ltd.
Mr. Michael Grandon, 866-G0-AXESS
axessmedia@usa.com
or
nVAULT
Mr. Alec Grandon, 866-GO-AXESS
info@axesscreativeproperties.com
or
EnterVault, Inc
Ms. Jan Johnson, 801-326-5936
janj@entervault.com
KEYWORD: CALIFORNIA NEVADA UTAH
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS E-COMMERCE INTERNET
MUSIC IPO MARKETING AGREEMENTS
SOURCE: AXESS MEDIA Group, Ltd.
