PLAYERS NETWORK INC - 8-K Filing Date: 07/25/02
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EXHIBIT 2.2
The Players Network Terminates Friendly Exchange Offer Agreement
LAS VEGAS, NEVADA, January 3, 2003 - THE PLAYERS NETWORK (OTC/BB PNTV)
LAS VEGAS, Jan. 3 /PRNewswire-FirstCall/ -- The letter agreement proposing a
friendly exchange offer between The Players Network (OTC Bulletin Board:
PNTV)("Players") and REB Gaming on behalf of Northfield, Inc. as the proposed
acquirer, was not consummated by December 31, 2002. Players elected to terminate
the letter agreement. Xxxx Xxxxxxx, President of players said, "We wish REB and
Northfield well, but Players must explore other opportunities to engage in a
strategic business combination or to raise capital to enhance Players'
operations and shareholder value."
ABOUT THE PLAYERS NETWORK
Players operates the first and only 24-hour digital gaming and entertainment
cable television channel, which is broadcast directly into hotel and casino
guestrooms. Players also owns and operates XxxxxxxXxxxxxx.xxx, a broadband
gaming and entertainment internet portal, which includes original, produced
gaming-related content, e-commerce and full-streaming video programming on the
World Wide Web. Players' television and internet content targets the 300,000,000
people who visit casino destinations worldwide each year by providing them with
gaming-centric information.
Safe Harbor Statement
Forward-looking statements made herein are pursuant to the safe-harbor
provisions of the Private Securities Litigation Reform Act of 1995. Investors
are cautioned that actual results, performance or developments could differ
materially from those expressed or implied by these forward-looking statements
as a result of known or unknown risks, uncertainties and other factor described
from time to time in the company's filings with the Securities and Exchange
Commission, press releases or other communications.
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