New World Media Group, Inc. Announces Significant Change In Financial Condition Of The Company

WESTLAKE VILLAGE, Calif., Feb. 4, 2015 /PRNewswire/ -- New World Media Group, Inc. "NEWM" f/k/a Empire Film Group, Inc. (OTC Pink Sheets: EFGU), Robert Galarza, President of "NEWM" is pleased to announce today a funding commitment from the Los Angeles eMediafund, a boutique venture media fund established to support early-stage mobile application development, digital production and broadcasting services and international mobile distribution of content.

This funding represents the first allocation of funding from eMediafund's capital investment commitment in the form of an investor note finance program, which has a specific use of proceeds for "NEWM" to complete the required filings so the company can become a compliant reporting and trading company under the policy and procedures of the SEC and FINRA; therefore, the funding will be staged per a use of proceeds to include: the filings established within the shareholder consent, the filing of an S1 and two (2) year certified and audited financial statements under Generally Accepted Accounting Principals "GAAP." The eMediafund is targeted at small to medium size businesses that provide innovative products, services and solutions with a focus in the evolving digital and mobile marketplace.

Highlights / Key Facts

New World Media Group is a fully-integrated mobile publishing, digital media, production and distribution company with capabilities to reach mobile, theatrical, video, television and video-on-demand for the worldwide markets.

eMediafund is a private equity fund formed to finance and help manage ideas in the genre of new media. The company provides source funding for new media companies. The founders of eMediafund built the fund to bridge the gap between today's media and the way new media will be delivered to the public. The Hispanic owned business' founders understand and support organizations that are looking to reach the evolving multi-cultural marketplace. As of now, there are more than 300 million Americans per year going to theaters, 290 million watching traditional television weekly, and 1 billion registered Social media members. The market for new media companies continues to grow and the need for targeted content is substantial. Moreover, the multi-cultural marketplace is exploding and projections are placing annual expenditures in entertainment in the trillions from this demographic. eMediafund focuses on businesses and organizations that understand the need to support this developing marketplace. www.eMediafund.com

Executive Quotes:

Robert Williams, Managing Partner, eMediafund

"Technology is rapidly changing the face of media and entertainment, and we are therefore very pleased to be strategically collaborating with New World Media, to help develop opportunities in the evolving digital and mobile space with a focus on underserved markets."

Robert Galarza, President, New World Media Group, Inc.

"We are excited about the support that an organization like eMediafund provides to our company as we develop our digital distribution model to meet a new generation of content creators and consumers. Together, we understand that an evolution has begun to occur in the digital and mobile marketplace, especially in regards to the empowerment of multi-cultural media, and fully recognize the impact our content can provide when partnered with a top-notch mobile solution, such as the Tarsin platform."

About Tarsin, Inc.

Tarsin takes brands mobile, and provides casinos and gaming operators the ability to de-risk launching and monetizing by utilizing our innovative mobile publishing, mobile wagering products on all mobile devices providing operators with the runway to execute their mobile strategy. The Tarsin platform technology is agnostic and services quickly and robustly, therefore the platform is described as secure end to end agnostic mobile publishing and mobile wagering platform regulatory compliant.  "Operators want to extend their brands and market reach by putting their loyalty programs, games and betting literally into the hands of their players." People enjoy consuming media, content and games via their mobile devices. Tarsin—"Pushing the envelope of technology while upholding the traditions of the game"

Features and facts

The Tarsin mobile publishing and wagering suite of Licenses and Right To Use agreements offers a unique portfolio of fully featured and proven mobile payment solutions which are critical to the nature of playing and wagering games. Not least of which are identity confirmation, geo-fencing, geo-verification and geo-location by state province, region or country, a suite of consumer payment options and solutions include secure "POS", as well as a high level of personal and corporate security safeguards including device authentication prior to each m-commerce transaction. The platform supports marketing program integration and execution, ensures high levels of distribution for operators, and ease of adoption for consumers. The Tarsin platform's inbuilt scalability and resilience supports propositions that are launched on both national and international footprints and can adapt to an ever-increasing rate of handset development. In 2013, mobile devices were reported to have surpassed the sale of computers for the first time in the history of computer-based devices. Moreover, as of January 2015, the Tarsin platform technology supports over 1500 handsets, smartphones and tablets from 49 manufacturers. It is interoperable with 796 carriers and mobile operators worldwide including 51 in North America, and designs and publishes seamlessly across multiple variants of operating systems based on Apple, Android, Windows, Rim, Nokia, Java and BREW. Tarsin services and operate in 32 languages plus a further 5 regional variants, publishing over 3 million mobile applications to consumers."

SAFE HARBOR STATEMENT
This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although the company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate.

SOURCE New World Media Group, Inc.

Related Links

http://www.newworldmg.com