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BW0138 DEC 06,2001 7:00 PACIFIC 10:00 EASTERN
( BW)(CA-AXESS-MEDIA-GROUP)(AXMG)(THCH) AXMG Shareholders Get Gifts for the Holidays
Business Editors
SAN FRANCISCO--(BUSINESS WIRE)--Dec. 6, 2001--The AXESS MEDIA Group, Ltd. (OTC:AXMG), a publicly traded Internet production and multimedia company, is pleased to announce its shareholders will each receive direct introductory benefits from a private vault online to electronically store and digitally download their personal documents, as well as a distribution of shares under a registered rights offering for the new year.
The news follows AXESS MEDIA's Tuesday announcement about the launch of nVAULT, its breakthrough on-line product for the protection and distribution of film, music and art worldwide. nVAULT also offers a variety of other privacy and security benefits to individual vault owners. At the same time, the nVAULT release may now have even more significance, following the December 4th launch by media giant RealNetworks of its new RealOne Player for audio and video streaming over the Internet.
Under AXMG's "Axess Denied 2002" program, each registered shareholder of The AXESS MEDIA Group, Ltd. will be offered a special promotional opportunity to obtain an nVAULT private electronic safety deposit box or lock-box for the on-line secure storage of important family and personal documents; including: financial information, birth certificates, passports, trusts and deeds, wills, legal documents, auto titles, insurance policies, stock certificates, medical records, etc. Only the owner of each private vault has control over the "keys" for electronic access and distribution of any secured documents.
The nVAULT program also accompanies a Special Rights Offering scheduled for distribution early in 2002 to approximately 2500 shareholders of AXMG's affiliate corporations; including: BioLogix International, Ltd. (BGIX), its predecessor; Hemisphere, Ltd., a State of Utah holding company; and Thehealthchannel.com, Inc. (THCH), a spin-off healthcare portal. AXESS MEDIA will also distribute 1 Million of its shares to the THCH shareholders in accordance with an August 31, 2000 agreement between THCH and BGIX, and the March 31, 2001 BGIX / AXMG merger.
"As AXESS MEDIA moves into the final stages of preparation for what should be a remarkable 2002 and beyond, it is the right time to reach out to our current and former shareholders for all to share in the upcoming opportunity," said Michael Grandon, Chairman and CEO of The AXESS MEDIA Group, Ltd. "We are particularly interested in introducing nVAULT to our shareholders going into the end of year 2001. These have been deeply challenging and reflective times for all of us. This is also a period when issues of security have become so clearly important. We at AXESS MEDIA hold nothing but promise and hope for the future; both in our business and the world around us."
About nVault
nVAULT (http://www.nvault.biz/) has suddenly emerged as an entertainment pioneer and market leader in the 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.
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: 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--cla/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
INVESTING 4 PROFIT
Mr. Gregory Hawkins, 813/792-1126
Investing4Profit@aol.com
KEYWORD: CALIFORNIA NEVADA UTAH
INDUSTRY KEYWORD: E-COMMERCE INTERNET NETWORKING
SOURCE: AXESS MEDIA Group, Ltd.
