WEST HOLLYWOOD, Calif.- Jill Kelly Productions Holding, Inc. (formerly IDC Technologies, Inc.) ("JKXJ" or the "Company") (OTC Pinksheets: JKXJ) announces today that it has signed a binding Letter of Intent with Adult Networks, Inc. ("ANI") to jointly launch and develop an adult entertainment channel.
ANI currently operates the "PanHot" channel (channel 340) on Time Warner's cable network which currently serves approximately 1 million customers in the New York metropolitan area. The existing channel, as well as all other additions on Time Warner's network will become part of the proposed joint venture. JKXJ and ANI will produce and deliver adult related content and promotional advertising as part of the new channel and anticipates adding new subscriber bases on other cable, video on demand and satellite networks both nationwide and internationally.
Bob Friedland, CEO of Jill Kelly Productions stated, "ANI has developed a well received adult media channel with exceptional buy rates and a growing subscriber base. This move for JKXJ is another step to become a diversified adult media and entertainment company that gives us the capability of leveraging our library of titles, add another channel of distribution and marketing, as well as create additional value for our loyal shareholders. This is an industry first for a US based adult media production firm to launch a TV channel and we're very excited to broaden our business and be part of an industry that is experiencing increasing levels of consumer and social acceptance. The new TV Channel will provide the Company and JKXJ's performers with ongoing television exposure that no other production company has been able to establish. We look forward to working with the ANI team in launching this channel together."
Larry Wolfe, Executive Vice President of ANI stated, "By joining forces with JXKJ, we obtain considerable resources and new capabilities that will accelerate the growth of the channel as well as provide a fresh source of globally acclaimed content. This is a great opportunity to truly create a multi-faceted adult entertainment company with global appeal. We're very excited about working with Bob (Friedland) and his team, and the potential that this venture will provide to the Company through our combined efforts."
The terms of the proposed joint venture have not been disclosed at this time and are subject to the completion of due diligence and the execution of definitive documents between the parties. The terms of the joint venture will be announced upon the closing of the transaction.
About Jill Kelly Productions, Inc.
JKXJ, based in West Hollywood, California and founded in 2000, is a leading adult entertainment company specializing in the production, development and distribution of high-quality films, pictures, and other related adult oriented content on a world-wide basis. JKXJ features its adult films and its growing roster of talented film stars on its website at www.jillkellyproductions.com. Over the past three years, JKXJ has developed an exclusive library of approximately 180 movie titles and anticipates adding another 40-50 movie titles by the end of 2003. JKXJ is a leading international provider of high quality adult entertainment content for a wide range of media platforms. JKXJ develops, acquires and distributes still photography and motion pictures tailored to specifications from independent directors and processes these images into products suitable for popular media formats such as print publications, DVDs, videotapes and other electronic media for Internet distribution. JKXJ distributes its adult media content through a network of local affiliates and independent distributors both domestically and abroad to over ten countries. As a result, JKXJ's growing library of exclusive video titles available to retailers, cable, satellite, hotel television programming and over the Internet via proprietary websites and evolving broadband delivery services world-wide.
JKXJ is the brainchild of Jill Kelly (AVN Adult Female Star of the Decade) and Robert Friedland. JKXJ was founded on the theory that an adult film company can produce high quality films by focusing on quality and treating talent as coveted assets rather than commodities. JKXJ's management includes the international icon, Jill Kelly, whose years of experience in front of the camera helps guide the Company in finding new young talent and signing them to exclusive contracts with the Company, thereby creating new Company assets. JKXJ continually looks for new ways to expand and enhance its image in the adult entertainment industry and beyond to the general entertainment industries.