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InterVision Network and
Bonfire Productions Announce Definitive Agreement and Plan of Merger
in Final Negotiations
InterVision Network
May 6, 2009
Carson City, NV -- InterVision Network (IVNet) (PINKSHEETS: IVSW)
has announced that the company is in the final stages of
negotiations for a definitive plan of merger with Bonfire
Productions (OTCBB: BNFR). Management for both companies has stated
that the finalized deal is expected no later than May 15, 2009. |
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InterVision Network (IVNet) is
the publicly-traded holding company for several technology and
entertainment ventures based upon an internally-developed portfolio
of proprietary and patent-pending technology and technological
processes. Founded in 2005, IVNet's technology and business ventures
relate to Internet Protocol Television (IPTV) broadcasting and
related live Internet-based multimedia transmission technologies
including a global content delivery network
(www.intervisionnetwork.tv), IPTV set top boxes and related
technologies (www.istreamcorp.com), and the revolutionary Ice Mobile
(www.keepitonice.com).
Bonfire Productions admits that one of the true drives of the
transaction continues to be the acquisition of the Ice Mobile. While
other mobile technology devices provide only archived streaming
clips, the Ice Mobile provides the user with live continuous
streaming media content disseminated at a rate of 30 frames per
second. Moreover, the device features a "click-to-broadcast" live
point to multipoint media dissemination between one Ice Mobile
device and another Ice Mobile device or to the Internet.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This release contains forward-looking
information. Statements that are not descriptions of historical
facts are forward-looking statements provided under the "safe
harbor" protection of the Private Securities Litigation Reform Act
of 1995. These statements are made to enable a better understanding
of our business, but because these forward-looking statements are
subject to many risks, uncertainties, future developments and
changes over time, actual results may differ materially from those
expressed or implied by such forward-looking statements. Examples of
forward-looking statements are statements about anticipated
financial or operating results, financial projections, business
prospects, future product performance and other matters that are not
historical facts. Such statements often include words such as
"believes," "expects," "anticipates," "intends," "plans,"
"estimates" or similar expressions.
These forward-looking statements are based on the information
that was currently available to us, and the expectations and
assumptions that were deemed reasonable by us, at the time the
statements were made. We do not undertake any obligation to update
any forward-looking statements in this report or in any of our other
communications, except as required by law, and all such
forward-looking statements should be read as of the time the
statements were made, and with the recognition that these
forward-looking statements may not be complete or accurate at a
later date. |
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