|LOS ANGELES - April 8, 1999-- Joseph Naughton, Chairman
of Jones Naughton Entertainment, Inc. (OTC BB: JNNE - news) announced today
that James F. Cannon of Atlanta, Georgia has been hired as the new president
of the COMMUNITY MARQUEE Division.
Mr. Cannon has over thirty years of experience in the hospitality, lodging and food and beverage industry. A graduate of Cornell University with a Bachelor's of Science degree in Business and Food Technology, Mr. Cannon brings to Jones Naughton stellar credentials in the hotel chain industry. He is an eleven-year veteran of the Days Inn organization, serving as Vice President of Franchise Operations.
Mr. Cannon's past experience includes senior level executive positions with Columbia Sussex Corporation, Inc. (a Holiday Inn Franchise Group), Econolodge (Choice Hotels International, Inc. (NYSE: CHH)) and Country Hearth Inns (a division of BuckHead America, Inc., (NASDAQ: BUCK)). Mr. Cannon's extensive network of contacts in the national hotel industry will be an invaluable asset in maximizing the roll-out of the Internet kiosk business.
"We are very pleased to have an industry professional of Jim's caliber joining Jones Naughton," stated Joseph Naughton, Chairman, Jones Naughton Entertainment. "His enthusiastic support of the Internet kiosk concept should provide a significant endorsement of the future potential of the COMMUNITY MARQUEE business model," concluded Mr. Naughton.
"The timing is perfect for the Internet kiosk business," stated Mr. Cannon. "The national hotel chains that are catering to business travelers and family vacationers are extremely receptive to the internet kiosk concept. Adding advertising revenue on top of the usage fees should make each unit extremely profitable early on," concluded Mr. Cannon.
Mr. Cannon announced the COMMUNITY MARQUEE's new Beta Test Internet kiosk will be installed at the TRAVELODGE in Macon, GA by the end of the month. Gary Cross, CEO of Cross Country Ventures, Inc. has enthusiastically endorsed the placement of the kiosk and Jones Naughton looks forward to successfully working with the Travelodge Hotel Group.
In related developments, Jones Naughton announced that it has filed a Supplemental Complaint with the San Bernardino County Court adding additional allegations against Amerinet Financial Systems, Inc. These new claims are based upon Amerinet's recent shareholder's meeting which authorized new shares to be issued and a merger of Amerinet into a wholly-owned subsidiary of a newly formed Delaware Corporation; actions which Jones Naughton believes are extremely detrimental to shareholder value. The management of Jones Naughton intends to aggressively pursue these claims to compensate Jones Naughton for the economic harm incurred as the result of the actions of Amerinet and its representatives.
ABOUT THE COMPANY
Jones Naughton Entertainment, Inc. is an information technology concern focused on combining traditional marketing methods with the latest advancements in Internet technology. Through its COMMUNITY MARQUEE Division, Jones Naughton provides interactive Internet, advertising and media buying services to a growing number of clients across the country.
Jones Naughton has also begun installing Internet kiosks in various hotels and is aggressively pursuing kiosk agreements with a number of national hotel chains.
Jones Naughton recently acquired GoOn-line.com, a Chico, California-based
Internet company specializing in the production of streaming video infomercials
over the Internet. GoOn-line.com offers Internet products and services
to consumers via E-commerce solutions
This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. Expression of future goals and similar expressions reflecting something other that historical fact involve risks and uncertainties. The actual results the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties.
|Also See:||Internet Kiosks to be Placed in Four Hotel Chains / Jan 1999|
|Internet Access for the Road Warrior Easier Than Ever / July 1998|