Players Network (OTCQB: PNTV), a digital television, technology and new media company that develops, owns, and operates Branded Lifestyle Channel Destinations today announced that on Monday July 21, 2014 United States District Court Magistrate Judge George Foley, Jr. denied Comcast’s Motion to Stay Discovery in the Case of Players Network vs. Comcast Corporation et al.
Magistrate Judge Foley ruled that Comcast’s motion was not well founded and the court denied said motion. Based upon the court’s ruling discovery in the form of interrogatories, requests for admissions and depositions of key witness should immediately commence in preparation for trial in the case in Las Vegas, Nevada.
Mark Bradley CEO of Players stated, “This ruling is further indication of the validly of our complaint against Comcast. It is also an extremely important milestone in advancing the process to immediately proceed into the discover stage. With discovery now beginning we should see greater awareness of the case within Comcast's top management and perhaps they will have the opportunity to better understand its merits. Players Network invested millions in reliance of our agreement with Comcast and we feel with Comcast’s growth and new personnel they basically forgot about Players Network and their contractual obligations to us and our shareholders. The judicial discovery process will bring the facts of the case to light quickly and hopefully lead to an amicable resolution.”
For Media inquiries contact Lisa Mayo-DeRiso at: 702.576.2659
For Investor inquiries contact Parker Mitchell at: 702-575-9157
About Players Network:
Players Network is a Television and Digital New Media Company that uses its proprietary Enterprise Web Platform to develop numerous Branded Digital Lifestyle Networks for itself and its partners in a wide range of lifestyle categories. Players Network’s current original channels, “Players Network”, “Vegas on Demand”, “Real Vegas TV”, focus on Las Vegas and Gaming Lifestyles and the newest Channel is “WeedTV”. They are distributed over PNTV’s owned and operated VOD Channels on TV in over 23,000,000 homes over Comcast, its Broadband Network and Mobile Platforms, on Hulu, Google, YouTube, Blinkx and Yahoo Video, on DVD, and through worldwide television syndication. For more information please visit www.playersnetwork.com
Statement under the Private Securities Litigation Reform Act:
With the exception of the historical information contained in this Release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to: the ability of the Company to increase revenues in the future due to the developing and unpredictable markets for its products, the ability to achieve a positive cash flow, the ability to obtain orders for or install its products, the ability to obtain new customers and the ability to continue to commercialize its products, which could cause actual results or revenues to differ materially from those contemplated by these statements.
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SOURCE: Players Network