Full Press Release Details
| NEWS RELEASE | |
| CONTACT: | Gary S. Maier Maier & Company, Inc. (310) 442-9852 |
INTERNATIONAL SIGNS AGREEMENT TO PURCHASE TALENT AND MODELING
ANGELES, CA - April 23, 2008 - Feris
International (OTC: FSIT.PK) today announced it has signed a definitive purchase
agreement to acquire Nouveau Talent and Modeling Agency in a stock transaction.
Terms were not disclosed.
transaction, subject to customary conditions and approvals, is expected to
acquisition complements our strategic focus on vertically expanding the
company's broad live entertainment-related businesses and, specifically in this
transaction, our expansion plans of our talent management division through
acquisitions of key talent management firms," said Paul Feller, chairman and
chief executive officer of Feris International.
Hamm, the current president of Nouveau, will serve as executive vice president
of talent management and new business development following the completion
International recently completed a reverse merger and share exchange with Pro
Sports & Entertainment.
Nouveau Model and Talent, Inc.
in 1987 with offices in La Jolla and Los Angeles, Nouveau Talent and Modeling
Agency is a full-service SAG organization, managing talent for domestic and
international assignments -- including print, runway, commercials, and feature
Pro Sports & Entertainment, Inc.
in November of 1998 and based in Los Angeles, Pro Sports & Entertainment is
an owner, operator and marketer of live entertainment and sporting events.
company is primarily focused on internal growth and acquisitions within the
entertainment-related market -- including action sports, automotive shows,
college sports, food events, motor sports and auto racing, music concerts and
festivals, running events, diversified media marketing, running events, trade
shows and expositions, and talent management. In addition, the company intends
to expand its consumer rewards marketing and redemption activities through
recently acquired Stratus Rewards Visa White Card and an association with the
Visa Signature credit card -- providing exclusive benefits to its cardholders
the form of VIP event access, luxury trips, private jet travel, luxury
automobiles, high-end merchandise and other rewards for specified levels of
in this press release relating to plans, strategies, economic performance and
trends, projections of results of specific activities or investments, and other
statements that are not descriptions of historical facts may be forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
1995, Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Forward-looking information is inherently
subject to risks and uncertainties, and actual results could differ materially
from those currently anticipated due to a number of factors which include but
are not limited to risk factors inherent in doing business. Although the
company's management believes that the expectations reflected in the
forward-looking statements are reasonable, it cannot guarantee future results,
levels of activity, performance or achievements. The company has no obligation
to update these forward-looking statements.