FOR IMMEDIATE RELEASE
PENTHOUSE TO ACQUIRE JILL KELLY PRODUCTIONS, INC. ASSETS FOR $1.765 MILLION
ADULT INDUSTRY GIANT WINS MASSIVE FILM LIBRARY
(Boca Raton, FL – April 20, 2006) Penthouse Magazine successfully bid to acquire the significant assets of Jill Kelly Productions, Inc. (JKP) at a California bankruptcy court auction on Monday, April 17, 2006. Competitors Playboy and New Frontier Media also participated.
The $1.765 million acquisition will further expand Penthouse’s multi-media platform, which includes: publishing, television, Internet and mobile services and will make Penthouse an even bigger player in the adult DVD arena.
“The JKP assets contain a treasure trove of over 400 high-quality adult feature films and compilations, including over 60 as-yet-unreleased titles,” says Penthouse CEO Marc H. Bell. “In this case, Jill Kelly’s devoted fan base will drive viewership and sales of adult products and services to the mutual benefit of Penthouse and its mobile licensees, Internet webmasters and cable and satellite television affiliates.”
“Platform wise, the acquisition will have a positive impact across the board,” says Penthouse President of Entertainment, Jim English, “but will provide the greatest boost to our Penthouse TV broadcast network. The JKP library of movies will be a welcome addition to our much anticipated adult line-up of original programs and movies.”
For more information, or to arrange an interview with CEO, Marc H. Bell, kindly contact the PR department at: 561.912.7034, or at: kberzon@pmgi.com.
About Penthouse Media Group Inc.
Globally recognized as the premier adult entertainment and lifestyle brand, Penthouse Media Group Inc. is the largest adult entertainment company in the world. The company operates numerous social networking and adult entertainment Web sites and provides adult video entertainment, as well as Penthouse TV and a broad array of products and services via its numerous national and international licensees. Penthouse Media Group also publishes and distributes Penthouse Magazine and a widely circulated group of sister publications in countries throughout the world.
Kathleen Berzon
For Penthouse Media Group Inc.
561.912.7034, or: kberzon@pmgi.com
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