Diverse Media Group (DVME) Inks International Expanded Second Season Deal for Hit Reality Series HOMETEAM
November 12 2008 - 8:00AM
Business Wire
Diverse Media Group�s (Pink Sheets: DVME) reality series Hometeam
has been renewed for a second full season on The Home Channel,
South Africa�s leading home and lifestyle television network. The
renewal is part of the strategic global relaunch of Diverse Media
Group�s popular Hometeam franchise
(http://www.youtube.com/watch?v=MsIoTvr02-w). Hometeam airs on The
Home Channel�s schedule alongside such leading worldwide television
series as All Year Round with Katie Brown, Martha Stewart Living,
Holmes on Homes and Living with Ed. According to Elana Closenberg,
head of programming for The Home Channel, �Hometeam was renewed
because our audience really enjoyed the series and based on its
first season�s performance, we wanted to double our previous
order.� Hometeam aired for three seasons on U.S. television,
appearing on ABC, CBS, NBC and Fox stations and WGN Superstation
collectively representing a strong 94 percent of the country.
Episodes were produced all across the U.S. with solid sponsorship
from such national advertisers as Frito-Lay and Levitz. The series
offers a novel reality show concept: each week, a deserving
individual, couple or family is surprised with their very own first
home. Not only does Hometeam provide a percentage of the home�s
down payment, all closing costs and first year�s mortgage payments,
it brings together a team of design experts and the winner�s family
and friends to renovate the property and furnish it. The personal
narratives of the winners and the renovation and design advice from
the show�s professionals blend for a rich hour of programming. The
series is hosted by Troy McClain, a top contender on the debut
season of Donald Trump�s The Apprentice. To view full episodes of
this Diverse Media Group owned series, visit:
http://www.veoh.com/channels/HomeTeamTV. Hometeam was recently
presented at the worldwide television industry�s biggest trade
show, MIPCOM, in Cannes, France. Its upcoming international sales
will be a cornerstone of Diverse Media Group�s active relaunch
strategy of the property. Additionally, Diverse Media Group is
exploring a U.S. network partnership to produce new episodes and
extend the brand in digital media. �When we acquired Hometeam as
part of our initial expansion strategy in 2007, it was a logical
decision because the series had demonstrated success on television
and its brand offered enormous multimedia and partnership potential
with the appropriate commitment,� said Chris Nassif, Chairman,
Diverse Media Group. �With the challenges of home ownership today
and the public�s interest in reasonable, viable solutions, the
�Hometeam� concept is more relevant than ever.� About Diverse Media
Group Diverse Media Group, Inc. (Trading Symbol: DVME)
(http://www.diversemediagroupinc.com) is an entertainment company
that aggregates expertise across all aspects of the media industry.
At its core is the prestigious Diverse Talent Group, recently named
by the Los Angeles Business Journal as one of the 10 biggest
Hollywood talent agencies for the third year in a row. The agency
offers talent and literary representation in commercials, episodic
television, cable programming and motion pictures. Diverse Media
Group is designed to nimbly create programming, foster distribution
and represent talented individuals to fuel a new digital age of
content generation. The parent company also includes subsidiary,
Talent Quest America, Inc., which identifies new and rising talent
representing the future of the Hollywood entertainment community.
The information contained herein contains forward-looking
information within the meaning of Section 27A of the Securities Act
of 1993 and Section 21E of the Securities Exchange Act of 1934
including statements regarding expected continual growth of the
company and the value of its securities. In accordance with the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 it is hereby noted that statements contained herein
that look forward in time which include everything other than
historical information, involve risk and uncertainties that may
affect the company's actual results of operation. Factors that
could cause actual results to differ include the size and growth of
the market for the company's products, the company's ability to
fund its capital requirements in the near term and in the long
term, pricing pressures, unforeseen and/or unexpected circumstances
in happenings, pricing pressures, etc. Investing in securities is
speculative and carries risk. Past performance does not guarantee
future results.
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