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Private Media Group Inc.

Private Media Group, Inc. Reports Acquisition of 6.9% of the Company's Outstanding Shares of Common Stock in a Series of Purchases by its Majority Shareholder

Barcelona, Spain, November 29 (ots/PRNewswire)

Private Media Group Inc. (Nasdaq: PRVT) announced today that its
CEO, President, Chairman of the Board and majority shareholder, Mr.
Berth Milton, has increased his holding of the Company's shares of
common stock. Since September 15, 2007, Mr. Milton has acquired
3,655,000, or 6.9%, of the Company's outstanding shares of common
stock in a series of purchases at an average price of US$3.26 per
share. Following this US$11.9 million acquisition, Mr. Milton's
beneficial ownership of the Company's common stock, as determined in
accordance with rules of the U.S. Securities and Exchange Commission,
is equal to 57.8%.
About Private Media Group
With its 40 year track record, NASDAQ listed Private Media Group
is a brand-driven world leader in proprietary content delivery in its
genre and distributes premium quality adult content globally via a
wide range of platforms including; more than 783 million mobile
telephone handsets, broadband Internet, television broadcasting, DVDs
and Magazines. Private Media Group owns the worldwide rights to its
extensive archive of top-quality content, and also licenses its
Private and "Silver Girls" trademarks internationally for a range of
luxury consumer products.
Disclaimer
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 those statements are
forward-looking and apply to future events, they are subject to such
risks and uncertainties, which could lead to results materially
different than anticipated by the Company.
For further information please contact:
    Johan Gillborg
    Chief Financial Officer
    Private Media Group
    Tel +34-93-590-70-70
     johan.gillborg@private.com
Web site: http://www.prvt.com

Contact:

Johan Gillborg, Chief Financial Officer of Private Media Group,
+34-93-590-70-70, johan.gillborg@private.com

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  • 06.10.2004 – 14:38

    Private Media Group Signs Exclusive Content Distribution Deal for Europe

    Barcelona, Spain (ots/PRNewswire) - - Title Output on DVD to Increase by 100% Private Media Group Inc. (Nasdaq: PRVT) a worldwide leader in premium-quality adult entertainment products, services and Internet content, today announced the signature of an exclusive three year Agreement with US-based Pure Play Media, Inc. for content distribution in Europe. ...