Time Warner Announces Executive Changes in Finance Group and Imax, Regal in Joint Venture Agreement

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City of Industry, CA --(www.USEquityNews.com)-- 03/25/2008 - Media entertainment industry alert provided by U.S. Equity News. Time Warner Inc.'s (NYSE: TWX) Executive Vice President and Chief Financial Officer John Martin announced recently changes in the management and structure of the company's finance group, including several executive appointments. In making the announcement, Mr. Martin said: "These changes will help our finance group work more effectively with our businesses to pursue growth opportunities, maximize our performance and create value for our shareholders. I'm especially pleased that recently's appointments come from within our company, reflecting the impressive talent and management depth we have at Time Warner."


National Lampoon Inc. (AMEX: NLN), the most widely recognized brand in comedy, recently announced that it will be launching a "Joke of the Day" email program to provide its Internet user base with a consistent source of National Lampoon's content. The email program has initially launched and is available to users on several of the National Lampoon owned properties and will eventually be made available throughout the National Lampoon Humor Network and across the Internet at large. "This program is something our base of users and fans have been requesting for years. It's exciting to finally be able to offer the 'Joke of the Day' along with the other platforms over which our content is available on a consistent basis," said Daniel Laikin, National Lampoon's Chief Executive Officer.

Imax Corp. (NASDAQ: IMAX) and Regal Cinemas Inc. said Monday they signed a joint venture deal that will put 31 Imax digital systems in 20 of Regal's U.S. locations. Both companies will share the costs and profits of the new theaters. The new agreement will give Regal 38 theaters with Imax digital systems and creates 52 Regal-operated Imax theaters by the end of 2010.

EPIC Corporation (OTC: EPIO), a multi-media communications and broadcasting company, announced recently that it has entered into a three year exclusive international TV distribution rights agreement with U.S. Pro Golf Tour Presented by SportsQuest ("USPGT"), a wholly owned subsidiary of Greens Worldwide Incorporated. Under the terms of the agreement EPIC and the USPGT will cooperate with each other to produce, market and distribute USPGT programming of its Tour events to all international markets outside of the United States territories beginning in 2009 and continuing through 2011. This agreement allows for the distribution of up to ten USPGT events per year throughout the length of the agreement.

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