PRVT: Private Media Group, Inc. Anticipates Increase in Net Sales And Net Income for Fiscal 2000 Compared to 1999

Apr 03, 2001, 01:00 ET from Private Media Group Inc.

    BARCELONA, Spain, April 3 /PRNewswire/ -- Private Media Group Inc.
 (Nasdaq:   PRVT), worldwide leader in premium-quality, adult entertainment
 products, services and Internet content, today announced that it has filed
 with the Securities and Exchange Commission (SEC) for a 15-day extension of
 the April 2, 2001, deadline for filing its Annual Report on Form 10-KSB.  The
 Company intends to complete its filing as soon as possible, but in no event
 later than fifteen days from the original due date for its 2000 Form 10-KSB.
     The Company anticipates a substantial increase in net sales and net income
 for Fiscal 2000 as compared to the prior fiscal year.  The increase in net
 sales and net income is mainly attributable to the growth in the New Media
 Division, where sales from Broadcasting, DVD and Internet has increased
 dramatically and the margins are significantly higher.
     Berth Milton, CEO of Private Media Group, remarked, "In a market where new
 media businesses have been presenting negative profit warnings, we are
 delighted to break the trend by being able to present strong and positive
 figures compared to fiscal 1999 to the shareholders in our 2000 annual report
 soon to be published."
     The leading, publicly traded adult entertainment company in the world,
 Private Media Group Inc. is the founder of the globally established brand name
 "Private" and has positioned itself in the marketplace with a visionary
 management strategy that combines both New Economy (Internet, multimedia,
 e-commerce) and Old Economy (videos, magazines) business models.  Private
 maintains a total adult lifestyle philosophy, reflected in the company's broad
 range of products and services, both proprietary and licensed, and its
 strategic policies of development, diversification and acquisition.
     For more information about Private Media Group, please visit the Company's
 corporate Web site at www.prvt.com.
 
     This release contains, in addition to historical information, forward-
 looking statements within the meaning of Section 27A of the Securities Act of
 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as
 amended, which reflect the company's current judgments of those issues.
 However, because these statements are forward-looking and apply to future
 events, they are subject to unpredictable circumstances, which could lead to
 results materially different from those anticipated by the company.
 
     For further information, please contact: In Barcelona: Andre F. Ribeiro of
 Private Media Group Inc., +34-679-983-772, andre@private.com
 
 

SOURCE Private Media Group Inc.
    BARCELONA, Spain, April 3 /PRNewswire/ -- Private Media Group Inc.
 (Nasdaq:   PRVT), worldwide leader in premium-quality, adult entertainment
 products, services and Internet content, today announced that it has filed
 with the Securities and Exchange Commission (SEC) for a 15-day extension of
 the April 2, 2001, deadline for filing its Annual Report on Form 10-KSB.  The
 Company intends to complete its filing as soon as possible, but in no event
 later than fifteen days from the original due date for its 2000 Form 10-KSB.
     The Company anticipates a substantial increase in net sales and net income
 for Fiscal 2000 as compared to the prior fiscal year.  The increase in net
 sales and net income is mainly attributable to the growth in the New Media
 Division, where sales from Broadcasting, DVD and Internet has increased
 dramatically and the margins are significantly higher.
     Berth Milton, CEO of Private Media Group, remarked, "In a market where new
 media businesses have been presenting negative profit warnings, we are
 delighted to break the trend by being able to present strong and positive
 figures compared to fiscal 1999 to the shareholders in our 2000 annual report
 soon to be published."
     The leading, publicly traded adult entertainment company in the world,
 Private Media Group Inc. is the founder of the globally established brand name
 "Private" and has positioned itself in the marketplace with a visionary
 management strategy that combines both New Economy (Internet, multimedia,
 e-commerce) and Old Economy (videos, magazines) business models.  Private
 maintains a total adult lifestyle philosophy, reflected in the company's broad
 range of products and services, both proprietary and licensed, and its
 strategic policies of development, diversification and acquisition.
     For more information about Private Media Group, please visit the Company's
 corporate Web site at www.prvt.com.
 
     This release contains, in addition to historical information, forward-
 looking statements within the meaning of Section 27A of the Securities Act of
 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as
 amended, which reflect the company's current judgments of those issues.
 However, because these statements are forward-looking and apply to future
 events, they are subject to unpredictable circumstances, which could lead to
 results materially different from those anticipated by the company.
 
     For further information, please contact: In Barcelona: Andre F. Ribeiro of
 Private Media Group Inc., +34-679-983-772, andre@private.com
 
 SOURCE  Private Media Group Inc.