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Press | STUDIO HOLDINGS RAISES $3 MILLION (New York) August 9, 1999 - Studio Holdings, Inc. today announced receipt of three million dollars ($3,000,000) in first-round financing from a private group of Silicon Alley investors. The entertainment company will use these resources to acquire creative properties, expand its staff, improve business systems, and increase business combination activities. "This financing allows us to develop more relationships with cutting-edge artists, build more robust distribution mechanisms, and increase our marketing efforts in support of current and future projects," said Michael Simon, president, Studio Holdings. "It's also a terrific vote of confidence in the current pursuits of our business," noted Simon. Studio Holdings, LLC. is a private corporation that produces, acquires, manages, and distributes ideas as entertainment and information across a range of media including digital media products, books, audio recordings, and ancillary materials relating to each of the foregoing products and services. More information about Studio Holdings can be found at its award-winning online network, RSUB at http://www.rsub.com. |