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Digital 1 Media, Inc. Executes Asset Purchase Agreement
with Visiosonic, Ltd. CLEARWATER, Florida June 30, 2006 Digital 1 Media, Inc. announced
today that it had executed an Asset Purchase and Sale Agreement with Visiosonic,
Ltd. for the acquisition of Visiosonic's media-related assets. Digital 1 Media will continue to develop and
market products and services under the well-known PCDJ brand name, originally
developed by Visiosonic. Joe
Vangieri, President and CEO of Visiosonic, Ltd., in speaking of the Asset
Purchase, stated “We are extremely excited about turning over the assets
of Visiosonic to Digital 1 Media, since the Company's capabilities, in
rapidly advancing digital content production and distribution, is perfectly
compatible with the next steps anticipated for the PCDJ brand.” In addition to its acquisition
of the portfolio of PCDJ brands and associated assets, Digital 1 Media
is actively About
Visiosonic, Ltd (www.pcdj.com)
Founded in 1999, Visiosonic, Ltd. of Clearwater, Florida created the industry
standard for PC-based, digital music performance systems and software
for DJs. The Company built an extensive dealer network, marketing its
range of products in hundreds of stores nationwide and distributing them
internationally within more than 65 countries. About Digital 1 Media, Inc. (www.digital1media.com)Digital
1 Media, Inc. of Fort Lauderdale, Florida is comprised of media and entertainment
industry veterans specializing in creating and aggregating original, niche
content for distribution on all digital platforms, including HDTV, VOD,
interactive multimedia, Broadband Internet and mobile devices.
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