Private's Acquisition of Extasy Paying Off

news), has announced that its acquisition of Extasy Video B.V. of The Netherlands is already yielding positive results. Revenues for Extasy Video B.V. in the first quarter 2000 have increased by 44% when compared with the same period in 1999 and net profit in the first quarter 2000 has increased 170% when compared with the first quarter 1999. nnRevenues for the first quarter 1999 were $487,919 and gross revenues for the first quarter 2000 were $700,391. This represents an increase of $212,475, or 44%. Net profit for the first quarter 1999 was $46,937, while that for the first quarter 2000 was $126,612. This is an increase of $79,675, or 170%. nn"We are delighted to have acquired Extasy Video B.V. and that it is already on course to being a valued contributor to the Company's future revenues and profits,'' said CEO of Private Media Group Inc., Berth Milton. ``Extasy Video will enhance our presence as an established brand name in the whole Benelux region and, given our increased number of DVD releases, will ensure that our presence in this territory will continue in an upward trajectory.'' nnBased in the heart of Europe's adult entertainment center, Holland, Extasy Video B.V. is, and has historically been, one of Private Media Group's key distributors in Europe. Extasy Video B.V. commenced distribution of Private Media Group's video line in 1993 and has successfully increased its turnover annually. Further gains are expected to be made in the current year as it capitalizes on the increased production of Private Media Group's Digital Versatile Disc (DVD) lines and the Company's wide range of adult entertainment products. In addition to being a key European distributor for the Benelux region, Extasy Video B.V. has an advanced logistics center with substantial capacity at a geographically strategic location in Europe for the distribution of Private Media Group's products beyond the Benelux territory.