A.G. Media Set To Acquire GospelZone.com

( [email protected] ) Sep 08, 2004 07:32 PM EDT

A.G. Media Group, Inc. announced yesterday that it has signed a letter of intent to aquire the assets of GospelZone.com. The deal, which is expected to close on October 15th, will result in the moving of GospelZone to Montreal, the head office of A.G. Media.

A.G. will be integrating selected features of GospelZone.com into its GospelCity.com web property, including GospelZone’s e-mail database of 30,000 Christian consumers, it’s e-mail marketing newsletter “The GZ Underground” and all of its associated trade and brand marks.

Curtis Jermany, the founder of GospelZone stated, "I am proud to have built up the GospelZone web property to its current state and feel that A.G. Media's executive team is in an ideal position to further enhance its value using their resources and wide ranging contacts within the gospel industry."

About GospelZone.com

GospelZone.com (http://www.gospelzone.com) in operation since 2001, provides a resource for the Gospel music and entertainment industry to present information and foster community development. The GospelZone.com web site has realized traffic of up to 125,000 unique monthly visitors and won the 2002 GTM Award for Best Gospel Destination Site.

About A.G. Media Group, Inc.

A.G. Media Group (http://www.agmediagrp.com) was established to become a leading Christian media company comprising Christian-based internet, print, radio and television related content properties and technology development services. A.G. Media is also focused on the development of valuable, high demand content for distribution through multiple media outlets and through its continually growing audience base.

About GospelCity

GospelCity, part of A.G. Media's Internet and New Media Division, utilizes new media technologies and services to provide access and exposure to Christian music and entertainment. GospelCity.com (http://www.gospelcity.com) is recognized as the leading web destination for Urban/Gospel Christian music fans and consumers who desire to access Christian music, artist information, inspirational content, community exchange and spiritual programming online. GospelCity.com offers an easy and enjoyable means to connect consumers with the Christian music industry and with other Christian music fans and consumers.