New Contract in the USA
02 Juni 2006 - 1:00PM
UK Regulatory
RNS Number:9647D
BKN International AG
02 June 2006
Press Release 2 June 2006
BKN International A.G.
("BKN" or "the Company")
Announcement of Major New Contract in the USA
BKN International AG, a global animation company dual listed on the Frankfurt
and London stock exchanges and engaged in the distribution and marketing of
animated children's television programmes and related consumer products, today
reports that its London subsidiary, BKN Home Entertainment Ltd, has signed a
major new contract involving 16 titles in the USA for DVD distribution.
The contract with Genius Products, Inc. ("Genius"), one of the leading
independent home entertainment production and distribution companies in the USA
quoted on the NASD OTCBB, calls for BKN to grant Genius DVD distribution rights
to the following properties:
*Ali Baba and the Forty Thieves-the Lost Scimitar of Arabia
*Kong - Return to the Jungle
*Legend of the Dragon
*A Christmas Carol
*Robin Hood
*Jungle Book
*Zorro: Generation Z (the Film)
*Zorro-Generation Z (the series)
*Dork Hunters from Outer Space
*Kong-the animated series
*The Prince and the Pauper
*The Three Musketeers
*Gulliver's Travels
*Alice in Wonderland
*Jack and the Beanstalk
*The Nutcracker
Management estimates, although not fully guaranteed, that the fair value of this
contract is approximately US$10 million in gross sales over the next 18 months.
Allen Bohbot, BKN CEO, states, "We are happy with this deal and have high
expectations that Genius will drive significant volume with retailers in the
important US market."
Trevor Drinkwater, Genius CEO, added, "BKN is providing quality productions with
great titles and significant market potential in the United States. We look
forward to driving the business beginning in September 2006 and throughout
calendar 2007."
United States Safe Harbor Statement
Except for historical matters contained herein, the matters discussed in this
press release are forward-looking statements. The forward-looking statements
reflect assumptions and involve risks and uncertainties that may affect Genius
Products' business, forecasts, projections and prospects, and cause actual
results to differ materially from those in these forward-looking statements.
These forward-looking statements include, but are not limited to, statements
relating to the anticipated number of releases, the timing and financial
performance of home video releases, the estimated value of a contract and future
performance thereunder, and any other statements relating to such new or
potential releases or distribution contracts that are not historical statements
of fact. These forward-looking statements are not guarantees of future
performance and involve certain risks, uncertainties and assumptions that are
difficult to assess. Therefore, actual outcomes and results may differ
materially from what is expressed or forecasted in such forward-looking
statements for many reasons, including but not limited to, the unpredictability
of audience demand, the effect of technological change, and the availability of
alternative forms of entertainment. Other such risks and uncertainties include
the matters described in Genius Products' filings with the Securities and
Exchange Commission. Genius Products assumes no obligation to update any
forward-looking statements to reflect events or circumstances occurring after
the date of this press release.
-Ends-
Enquiries:
BKN International AG
Allen Bohbot, Chief Executive Officer Tel: +44 (0)20 7269 8683
allen.bohbot@bknkids.com
Wayne Mowat, Chief Financial Officer Tel: +44 (0)20 7269 8687
wayne.mowat@bknkids.com
Sascha Ziemann, Finance Manager Tel: +49 221 5540 5190
sascha.ziemann@bknkids.com
Laura Tapias, Managing Director Tel: +34 93 368 18 00
Latin and Italian markets
laura.tapias@bknkids.com
Ben Heng, Managing Director Tel: +65 6820 2118
Asia
ben.heng@bknkids.com
Matthew-Graham-Clare, Managing Director Tel: +44 (0)20 7269 8678
Home Entertainment
matthew.graham-clare@bknkids.com
www.bknkids.com
Broker/Designated Sponsor:
Panmure Gordon
Nominated Adviser & UK Broker
Aubrey Powell / Stuart Gledhill Tel: +44 (0)20 7459 3600
Seydler AG in Germany
Designated Sponsor
Rene Parmantier Tel: +49 69 92054 130
rene.parmantier@seydler.de
Deutsche Bank
German Broker
Jens Hagemann Tel: +49 69 910 34495
jens.hagemann@db.com
Media Enquiries:
SSA Public Relations for trade & industry press
Karine Fouchet Tel: +44 (0)20 7863 8806
kfouchet@ssapr.com
Notes to editors:
About BKN:
BKN International AG is a global animation company engaged in the distribution
and marketing of animated children's television programmes and the marketing of
related consumer products (licensing and merchandising) in all forms. BKN has
worked on numerous successful animation projects.
The Company is currently listed on the Deutsche Bourse and AIM and it operates
all over the world. BKN has successfully negotiated distribution deals in over
80 countries and territories in the children's programming market.
The Company's Film Library includes:
- Legend of the Dragon
- UBOS
- Kong - The Animated Series
- Kong - King of Atlantis
- Kong II - Return to the Jungle
- Dork Hunters from Outer Space
- Roswell Conspiracies
- Shanghai Tiger
- Adventures of Sonic the Hedgehog
- Pocket Dragon Adventures
- Highlander - The Animated Series
About Genius Products, Inc.:
Genius Products, Inc. (OTCBB:GNPI) produces and distributes an ever-expanding
library of home entertainment products, including DVDs and CDs. Sold in retail
outlets nationwide under such well-known brands as Wellspring, Sundance Channel
Home EntertainmentTM, NBC News, and Baby Genius(R), the company's products are
distributed through the Genius Products Branded Distribution Network, an
extensive distribution network that extends throughout the U.S. to mass,
drugstore, supermarket and specialty retailers. Genius Products recently
released on home video The Weinstein Company smash hits HOODWINKED, the animated
family comedy which ranked #1 in consumer sales in its debut week; DERAILED,
starring Jennifer Aniston and Clive Owen, which ranked #1 in rentals in its
debut week; WOLF CREEK, an Australian horror film; and the Oscar nominated film,
MRS. HENDERSON PRESENTS, starring Judi Dench and Bob Hoskins.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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