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News Release
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YALETOWN ENTERTAINMENT CORP. 407 - 535 Howe Street, Vancouver, B. C. V6C 2Z4 Tel: (604) 688-0118 Fax: (604) 688-3348 CUSIP# 984909101 Rule 12g3-2(b)# 82-4336 |
Tuesday, November 30, 1999 CDNX Trading Symbol: YAL
VANCOUVER, B. C., CANADA ------Yaletown Entertainment Corp. (the "Company") is pleased to make the following announcements:
Appointment of Manager, Corporate Communications
Mr. Roger Kelly has joined the staff of the Company as Manager of Corporate Communications. His function will be to raise the profile of the Company and its projects. Mr. Kelly comes to Company with a considerable background in public relations including six seasons with the B. C. Lions football organization, several years in the same capacity in professional basketball in Sweden and three years working in investor relations for a number of VSE and NASDAQ OTC companies.
Among Mr. Kelly's first steps is the contract engagement of Ms Carol Burgess to act as public relations and media officer for Weird Homes, the Company's award winning television series.
Said Mr. Kelly "Yaletown is highly undervalued. The Company has a successful television series now in its second season with planning for the next season already underway. It has additional projects in various stages of development. Its Weird Wheels pilot has been fully shot and is now in post production with delivery planned for early in the new year. There are a number of other projects that will be announced in the ensuing months. The message of this success must be communicated in a stronger manner than in the past. I have initiated steps to have the Company's web site completely re-done with completion scheduled for mid to late December and a corporate video is planned for completion in late January. As our plan unfolds, further announcements will be made."
Incentive Stock Options
The Company has granted to Mr. Kelly 500,000 employee stock options exercisable at $0.26 per share over five years. Current directors (John Cumming as to 200,000 options, Jim Woolsey as to 8,000 options) have voluntarily surrendered all or part of their outstanding options.
e-Postgram.com
Further to the Company's news release of September 3, 1999 the Company has extended its memorandum of agreement with Trekon Capital Corp. of Vancouver, B. C., a company related by way of a common director, to license a 50% interest in e- Postgram.com. for the North American amusement park market for an additional 90 days to allow the Company further time to raise the necessary initial funds.
Yaletown Entertainment Corp. is a Canadian television and movie producer listed on the Canadian Venture Exchange under trading symbol YAL. The Company has completed one comedy feature film, Urban Safari, which has sold in over one hundred countries, is in the second season of production of the critically acclaimed, award winning documentary television series Weird Homes, has an agreement with Alliance Atlantis Broadcasting for the development of a new series, Weird Wheels, and has completed the screenplay for Headhunter, a horror-thriller based on the million selling novel of the same title. For further information, please contact Mr. Roger Kelly, Manager of Corporate Communications, at telephone: (604) 582-0024 or check out our web site at www.yaletownentertainment.com.
John C. R. Cumming
John C. R. Cumming, Director, Chairman & C.E.O.
THE CANADIAN VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENTS OF THIS PRESS RELEASE.
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Yaletown Entertainment Corporation, Vancouver B.C. Canada
tel: (604) 669-3543 - Executive/Production Offices
Canadian Venture Exchange: ECY