Fortune Market Media Becomes Publicly Traded
Unique opportunity for fans of racing team to acquire ownership through public markets.
Los Angeles, Calif. (PRWEB) November 14, 2007 -- Diversified media and communications corporation Fortune Market Media Inc. became publicly traded on the NASDAQ Pink Sheets, making it the first public company in North America to have a race team under its umbrella.
Under the stock symbol OTC.FTMMD Fortune Market Media shares will be trading through the public markets of which the business includes radio productions, entertainment and music, publishing and its famed Fortune Market Racing Team, part of the Grand-Am Rolex Sports Car Series.
“Instead of people just being fans of a particular team, they’ll now have the opportunity to be able to be partial owners of a team,” said Arthur Kats, Fortune Market’s president and CEO. “Anybody who is a shareholder is associated with the company, and by being associated with the company, owns an equity share in the team.”
David Levy, Fortune Market’s executive vice president, says the move fits the company’s strategy to set the benchmark on how companies maximize technology and resources for multi-channeled, high-impact exposure.
“Fortune Market is definitely standing in the forefront,” said Levy. "The company is not trying to reinvent the wheel, but it is in a place where it knows what media to introduce for our clients.”
The shareholders of Fortune Market Media will also be partial owners of the company’s other business segments, which include Future Rhythm, the entertainment division that distributes content through new technology and media, and Fortune Market Radio, creator of the “Your Money’s Worth” program that airs on 97.1 KLSX Free FM in Los Angeles.
Arthur Kats says investor interest in the shares of the Fortune Market Racing Team has increased since last week, when the company announced it planned to become publicly trading. He says this is only the beginning for Fortune Market Media. The company has plans to grow its business to include owning its own radio stations, as well as a public relations and advertising agencies.
“Going public brings credibility to the company,” said Kats, “allowing us to further advance our mergers and acquisitions, increasing brand awareness and developing strategic partners.”
People can visit www.fortunemarketracing.com for more information about the Fortune Market Racing Team and www.fortunemarket.net to learn more about Fortune Market Media.
About Fortune Market Media Inc.
Fortune Market Media Inc. (FTMMD) is a diversified media and communications company providing businesses with a variety of financial-, consumer- and investor-related communications services. Fortune Market creates awareness among investors, consumers and potential partners through its multi-channel streams of media. More information is available at www.fortunemarket.net.
Safe Harbor Act:This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
Contact:
Kenn Henman
aLine media public relations
310.576.1808
kenn @ alinemedia.com
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See the original story at: http://www.prweb.com/releases/2007/11/prweb569658.htm
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