Jill Kelly
Jill Kelly Productions
to Acquire Adult Nightclub in New York City
12-01-03
West Hollywood, CA., December 1, 2003 BusinessWire -- Jill Kelly
Productions Holding, Inc. (formerly IDC Technologies, Inc.) (Pinksheets:
JKXJ) announces today that it has signed a letter of intent to acquire
an ownership interest in a new adult nightclub in New York City.
JKXJ will be operating the club as Jill Kelly Productions Presents the
Manhattan Gentlemen's Club located at the corner of East Houston Street
and Ludlow Avenue in the former 'Manhattan Gentlemen's Club' and
well-known hotspot 'Club Chaos'.
JKXJ's first nightclub encompasses approximately 7,000 square feet in
a former bank building that still has the old bank vault door in the
basement and is adorned with original art-deco finishes throughout. The
basement, which is planned as an adult-oriented art gallery, is expected
to open by the end of December with an adult oriented art gallery with
works of art for sale.
The General Manager of the club, Michael Mueller, is a well-known and
highly regarded ten-year veteran of the nightclub scene. Mr. Mueller,
formerly held positions as the GM and Manager of Operations with
world-class establishments such as the Rainbow Room, as well as the
former Manhattan Gentlemen's Club, will oversee and manage the club's
operations on a daily basis. Mr. Mueller commented, 'This is a rare
opportunity for any owner and operator of a nightclub. Having the JKP
name behind this establishment as well as the team to help operate and
expand and diversify the club's operations should create significant
exposure that is very exciting. I'm proud to be a part of this
organization and look forward to building a world-class club.'
Bob Friedland, CEO of Jill Kelly Productions stated, 'JKXJ is focused
on becoming a diversified adult media and entertainment company and this
first club is another step towards achieving this objective. The new JKP
club is fully operational and catering to customers on a daily basis. In
line with our diversified approach and cross selling strategy, we shot a
commercial that will be airing on the new cable TV Channel that we
recently announced. This is a significant opportunity for the Company by
having our first landmark club located in a very elegant building in New
York City in a high traffic area and being one of the closest clubs to
Wall Street. We look forward to optimizing the potential of this club
and the value that will be created for the Company and JKXJ
shareholders.'
About Jill Kelly Productions, Inc.
JKXJ, based in West Hollywood, California and founded in 2000, is a
leading adult entertainment company specializing in the production,
development and distribution of high-quality films, pictures, and other
related adult oriented content on a world-wide basis. JKXJ features its
adult films and its growing roster of talented film stars on its website
at www.jillkellyproductions.com. Over the past three years, JKXJ has
developed an exclusive library of approximately 180 movie titles and
anticipates adding another 40-50 movie titles by the end of 2003.
JKXJ is a leading international provider of high quality adult
entertainment content for a wide range of media platforms. JKXJ
develops, acquires and distributes still photography and motion pictures
tailored to specifications from independent directors and processes
these images into products suitable for popular media formats such as
print publications, DVDs, videotapes and other electronic media for
Internet distribution. JKXJ distributes its adult media content through
a network of local affiliates and independent distributors both
domestically and abroad to over ten countries. As a result, JKXJ's
growing library of exclusive video titles available to retailers, cable,
satellite, hotel television programming and over the Internet via
proprietary websites and evolving broadband delivery services
world-wide.
Safe Harbor Statement
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words such as "anticipate," "believe,"
"expect," "future," "may,"
"will," "should," "plan,"
"projected," "intend," and similar expressions to
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Company's beliefs and the assumptions it made using information
currently available to it. Because these statements reflect the
Company's current views concerning future events, these statements
involve risks, uncertainties and assumptions. The actual results could
differ materially from the results discussed in the forward-looking
statements. In any event, undue reliance should not be placed on any
forward-looking statements, which apply only as of the date of this
press release. Accordingly, reference should be made to the Company's
periodic filings with the Securities and Exchange Commission.
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