Edward C. Maddox Resigns as President and Director of Urban Television Network Corporation Board
Edward C. Maddox Resigns as President and Director of Urban Television Network Corporation Board
FORT WORTH, Texas, July 5 /PRNewswire-FirstCall/ -- Urban Television Network Corporation (BULLETIN BOARD: URBT) announced that on July 1, 2005, Edward C. Maddox resigned as President and as a Director of Urban Television Network Corporation.
In submitting his resignation, Mr. Maddox said, "I have enjoyed working will all of you and wish you success as you continue to grow the network."
Commenting on Mr. Maddox's resignation, Jacob Miles, CEO of Urban said: "Mr. Maddox has been a valued and highly effective officer and director, providing strong counsel and leadership. We regret his decision to resign as an officer and member of our board, but we thank him for his outstanding service to our company and wish him well in his future endeavors."
About Urban Television Network Corporation
Urban is a television network composed of approximately 70 broadcast television station affiliates across the country that air programming supplied by the network via satellite transmission. The affiliates have a household coverage of approximately 22 million households in their combined viewing markets. The network is the first and only minority certified network to specifically target America's urban market that is comprised of African Americans, English speaking Hispanic Americans and many other urban consumers. The network competes with BET, which is owned by Viacom, Inc., and other services for the urban market niche that the Company believes is underserved at this time. For additional information about the Urban Television Network visit us on the Internet at http://www.uatvn.com/
Forward-Looking Statements
This document contains forward-looking statements and information as that term is defined in the Private Securities Litigation Reform Act of 1995, and, therefore, is subject to certain risks and uncertainties. There can be no assurance that the actual results, business conditions, business developments, losses and contingencies and local and foreign factors will not differ materially from those suggested in the forward-looking statements as a result of various factors, including market conditions, competition, advances in technology and other factors.
For Media and PR inquiries, please contact: Teresa Lomas at 817-303-7449 or tlomas@uatvn.com .
Source: Urban Television Network
CONTACT: Teresa Lomas of Urban Television Network, +1-817-303-7449, or tlomas@uatvn.com
Web site: http://www.uatvn.com/
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