CrossGen changes name, establishes subsidiaries

Mon, April 7th, 2003 at 12:00am PDT

Comic Books
Jonah Weiland, Executive Producer/Publisher

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Official Press Release

[CrossGen Entertainment]As CrossGen continues to develop and expand its creation and delivery of

heroic content across all media formats, the company has changed its name

from CrossGeneration Comics, Inc. to CrossGen Entertainment, Inc. (CGE).

Since launching in 2000, CGE has shepherded comic books into a variety of

formats, and as a result has evolved into a force in the international

entertainment industry, as evidenced by expanding interests in film,

television, video games, the Internet, education, technology, and worldwide

licensing. In an effort to more efficiently and effectively manage these

business lines, CGE has also formed 11 wholly owned subsidiary companies,

which represent its broad-based entertainment products and offerings.

"Our 11 subsidiaries are neither spin-offs nor exterior companies that will

act independently of CGE," explained CrossGen Entertainment Senior Vice

President of Product Development Tony Panaccio. "Rather, they will function

together as interior business units, all working towards CGE's overall

goals. With this arrangement, all current and future projects will be

managed and guided by our founding principals."

"CrossGen has been, and always will be, dedicated to preserving and

expanding the comic book medium," stated CGE Publisher and CEO Mark Alessi.

"At the same time, we're also bringing our passion--in a variety of

formats--to audiences who have yet to experience how entertaining our

stories can be. And now our name matches how we want the world to perceive

comics--as great entertainment, made for anyone with imagination, a thirst

for adventure, and a hunger for heroes."

CrossGen Entertainment's new subsidiaries are:

CrossGen Intellectual Property, LLC: CGIP holds all CGE content intellectual

property (IP).

CrossGen Technologies, LLC: CGT holds all CGE technology IP and manages

technology IP creation, development, production, and application.

CrossGen Publishing, LLC: CGPub publishes all print projects, including CGE

Ancillary, Code 6, CrossGen Universe, and foreign publishing.

Code 6 Comics, LLC: A subsidiary of CGPub, C6C publishes Code 6

publications.

CrossGen Comics, LLC: A subsidiary of CGPub, CGC publishes CGU print

publications.

CrossGen Media, LLC: CGM is responsible for feature films, television

programs, video games, websites, merchandise, and additional interactive

products.

CrossGen Productions, LLC: A subsidiary of CGM, CGP produces feature films

and television programs.

CrossGen Interactive, LLC: A subsidiary of CGM, CGI is responsible for

interactive publishing, video games, and role-playing games.

MegaCon, LLC: MGC manages the MegaCon convention.

CrossGen Education, LLC: CGEd publishes education materials.

Comics On The Web, LLC: COW is responsible for internet publishing,

including Comics On The Web(tm).

 
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