Atlantic Syndication Network, Inc. was originally incorporated under the laws of the state of Nevada on September 25, 1978 as Casino Consultants, Inc. Prior to September 1992 the Registrant was non- operating. On September 15, 1992 the Registrant entered into an Agreement and Plan of Reorganization with Ad Show Network, Inc., a Nevada corporation, whereby the Registrant would acquire the assets of Ad Show Network, Inc., subject to liabilities, for shares of common stock in the Registrant. On September 15, 1992, prior to completion of the asset purchase Casino Consultants, Inc. changed its name to A.S. Network, Inc.
On October 14, 1992, Casino Consultants, Inc. (A.S.Network, Inc.) filed an Amendment to its Articles of Incorporation changing the corporate name to Ad Show Network, Inc. On August 17, 1995, Registrant filed an amendment to the Articles of Incorporation changing the name to Atlantic Syndication Network, Inc.
The asset purchase was accounted for as a tax free reorganization under Section 368(a)(i)(c) of the Internal Revenue Code of 1986, as amended. As a result, the acquiring Company, Casino Consultants, Inc. purchased 100% of the net assets of Ad Show Network (valued at $690,975) and transferred 4,500,000 shares of its common stock in exchange for these assets. As this was an exempt isolated transaction, the securities received in such a transfer shall not be registered under federal or state securities laws.
From the time of the asset purchase on September 25, 1992 until the Registrant changed its name on August 17, 1995 to Atlantic Syndication Network, Inc., the Registrant's personnel and operations were engaged in the promotion and advertising of local businesses and products in locations such as the U.S. Post Offices through the use of automated computer kiosks. Successful development and implementation of advertising operations occurred, however; the U.S. Postal Service subsequently changed the U.S. Post Master and their contract personnel and policy in dealing with third party contractors. In making these changes the Postal Service caused the discontinuation of operations by the Registrant in Post Offices throughout the Western U.S. The Registrant's financial resources had been expended in developing this business and with the cessation of its kiosk advertising in late 1995, the Registrant assigned the kiosk advertising operations to a third party in 1996. By year-end February 1996, the Registrant had an accumulated deficit in retained earnings of ($755,999). Corporate assets of $210,711 were nearly all non-liquid consisting primarily of organizational and development costs and fixed assets.
Capitalized liabilities of the Registrant, private placement proceeds, advances from principal shareholders and profit sharing partnerships have been used to redirect the Registrant's endeavors in the design, development, production and distribution of multi-media, television production, commercials, infomercials and commissioned projects.
Business
Registrant develops, produces, and distributes television programs and specific projects created for domestic and international markets. The company targets multi-media production with a focus on effective television programming, third party commissioned projects and niche market television shows, corporate videos and infomercials.
Registrant benefits by using company-owned state-of-the-art post production digital editing equipment. The company's real-time editing and computer graphic stations have full animation capability and conform to the necessary technology required for the internet, multi-media and broadcast. The company equipment allows the company to produce its television shows and videos at a reduced cost compared to utilizing outside studios and conforms to necessary technology required for broadcast.
Marketing and Distribution: The Company policy includes purchasing media so that it controls the air time, secures its own advertisers and receives 100% of the advertising income. The sale of programming in this manner provides more control and in many situations the advertisers equally benefit because they are able to control the time, day and targeted audience. With specific types of programming, advertisers are also willing to pay more for their commercials to be broadcast to that specific target audience. The company also participates and enters into a barter or no-license-fee arrangement with the broadcast station so that it can share in the income generated by the program from the sale of advertising created by the station. Another option is for the Company to directly license its programming. Throughout the world there are emerging markets and the Company will have the opportunity to purchase, barter, sell outright or license its programming to many of these new television stations, cable channels and distribution outlets.
After shows have aired they have the potential of retaining a residual value for generating additional and future income. The Company-owned projects are copyright protected and available for distribution via satellite, cable, and broadcast release. Completed shows and series represent a long-term asset and become inventory for the Registrant's video library.
Library: The Company has retained the proprietary rights associated with most of the programming in its library, unless the rights are sold and/or granted to licensees. These rights are generally held in perpetuity. The Company intends to add product to its video library by producing new programming as well as purchasing completed programming to distribute to television, cable and the direct-to-video market. A library that includes proprietary programming can be licensed, re-licensed and distributed over a period of time and provide a long term revenue stream.
Pursue Co-Production Partnerships: The Company has been pursuing business opportunities with co-financing partners for various projects, with the goal that risks may be shared. The benefits will include financial, complementary production and marketing skills and domestic or foreign distribution for Registrant's projects. Ref: The Art Show Auction
Internet and Alternative Distribution: The Company website is www.asni.tv. The Company benefits by this alternative distribution utilizing internet promotional campaigns for infomercials, corporate videos and television programs.
The Company spent the majority of its time and available funds over the last two years on research and development of multi-media projects and websites with its business associates. All forms of television shows that were only shown via broadcast are now airing on the web as ( video-on-demand). ASNi is now capable of producing its shows and airing them simultaneously on the web. The company believes that its projects and television shows such as the weekly Art Auction show in pre-production will significantly benefit by the company's multi-media development phase.
The Company has 5 employees, 2 of which are full time.
The Company does not have any patents or trademarks.
On October 14, 1992, Casino Consultants, Inc. (A.S.Network, Inc.) filed an Amendment to its Articles of Incorporation changing the corporate name to Ad Show Network, Inc. On August 17, 1995, Registrant filed an amendment to the Articles of Incorporation changing the name to Atlantic Syndication Network, Inc.
The asset purchase was accounted for as a tax free reorganization under Section 368(a)(i)(c) of the Internal Revenue Code of 1986, as amended. As a result, the acquiring Company, Casino Consultants, Inc. purchased 100% of the net assets of Ad Show Network (valued at $690,975) and transferred 4,500,000 shares of its common stock in exchange for these assets. As this was an exempt isolated transaction, the securities received in such a transfer shall not be registered under federal or state securities laws.
From the time of the asset purchase on September 25, 1992 until the Registrant changed its name on August 17, 1995 to Atlantic Syndication Network, Inc., the Registrant's personnel and operations were engaged in the promotion and advertising of local businesses and products in locations such as the U.S. Post Offices through the use of automated computer kiosks. Successful development and implementation of advertising operations occurred, however; the U.S. Postal Service subsequently changed the U.S. Post Master and their contract personnel and policy in dealing with third party contractors. In making these changes the Postal Service caused the discontinuation of operations by the Registrant in Post Offices throughout the Western U.S. The Registrant's financial resources had been expended in developing this business and with the cessation of its kiosk advertising in late 1995, the Registrant assigned the kiosk advertising operations to a third party in 1996. By year-end February 1996, the Registrant had an accumulated deficit in retained earnings of ($755,999). Corporate assets of $210,711 were nearly all non-liquid consisting primarily of organizational and development costs and fixed assets.
Capitalized liabilities of the Registrant, private placement proceeds, advances from principal shareholders and profit sharing partnerships have been used to redirect the Registrant's endeavors in the design, development, production and distribution of multi-media, television production, commercials, infomercials and commissioned projects.
Business
Registrant develops, produces, and distributes television programs and specific projects created for domestic and international markets. The company targets multi-media production with a focus on effective television programming, third party commissioned projects and niche market television shows, corporate videos and infomercials.
Registrant benefits by using company-owned state-of-the-art post production digital editing equipment. The company's real-time editing and computer graphic stations have full animation capability and conform to the necessary technology required for the internet, multi-media and broadcast. The company equipment allows the company to produce its television shows and videos at a reduced cost compared to utilizing outside studios and conforms to necessary technology required for broadcast.
Marketing and Distribution: The Company policy includes purchasing media so that it controls the air time, secures its own advertisers and receives 100% of the advertising income. The sale of programming in this manner provides more control and in many situations the advertisers equally benefit because they are able to control the time, day and targeted audience. With specific types of programming, advertisers are also willing to pay more for their commercials to be broadcast to that specific target audience. The company also participates and enters into a barter or no-license-fee arrangement with the broadcast station so that it can share in the income generated by the program from the sale of advertising created by the station. Another option is for the Company to directly license its programming. Throughout the world there are emerging markets and the Company will have the opportunity to purchase, barter, sell outright or license its programming to many of these new television stations, cable channels and distribution outlets.
After shows have aired they have the potential of retaining a residual value for generating additional and future income. The Company-owned projects are copyright protected and available for distribution via satellite, cable, and broadcast release. Completed shows and series represent a long-term asset and become inventory for the Registrant's video library.
Library: The Company has retained the proprietary rights associated with most of the programming in its library, unless the rights are sold and/or granted to licensees. These rights are generally held in perpetuity. The Company intends to add product to its video library by producing new programming as well as purchasing completed programming to distribute to television, cable and the direct-to-video market. A library that includes proprietary programming can be licensed, re-licensed and distributed over a period of time and provide a long term revenue stream.
Pursue Co-Production Partnerships: The Company has been pursuing business opportunities with co-financing partners for various projects, with the goal that risks may be shared. The benefits will include financial, complementary production and marketing skills and domestic or foreign distribution for Registrant's projects. Ref: The Art Show Auction
Internet and Alternative Distribution: The Company website is www.asni.tv. The Company benefits by this alternative distribution utilizing internet promotional campaigns for infomercials, corporate videos and television programs.
The Company spent the majority of its time and available funds over the last two years on research and development of multi-media projects and websites with its business associates. All forms of television shows that were only shown via broadcast are now airing on the web as ( video-on-demand). ASNi is now capable of producing its shows and airing them simultaneously on the web. The company believes that its projects and television shows such as the weekly Art Auction show in pre-production will significantly benefit by the company's multi-media development phase.
The Company has 5 employees, 2 of which are full time.
The Company does not have any patents or trademarks.
