TV Worldwide Internet TV Channel, Maritime TV, Receives Strategic Investment

Press Release
Thursday, September 13, 2012

TV Worldwide Internet TV Channel, Maritime TV, Receives Strategic Investment for New Program Development and Expansion


ALCC, Inc., Pension Plan Trust Makes Strategic Investment as Maritime TV Audience Grows Rapidly Through Summer with New Program Production, Industry Event Coverage.



TV Worldwide, a pioneering web-based global TV network since 1999, announced that one of its subsidiary Internet TV Channels, Maritime TV, has received a strategic investment from the ALCC, Inc. Pension Plan Trust. TV Worldwide added that the investment proceeds would be used to fund the development of new programming in an expanding live and on-demand content line-up as well as in channel infrastructure development, worldwide. Additionally, new personnel will be added to the Maritime TV management team.


 
"We're pleased to utilize this strategic investment to expand our Maritime TV program offerings at a time when the maritime industry worldwide is at a critical juncture on many fronts, from piracy and environmental regulations to training and finance," stated Dave Gardy, Chairman and CEO of TV Worldwide. "Our coverage of 2012 events such as the Maritime Executive Forum on Revitalizing the Maritime Industry, the launch of our new program series, Maritime Worldwide Monthly (MWM) and the Kings Point 'Acta Non Verba' Report has been well-received in the shipping sector and the audience feedback has been very positive. These are exciting times at Maritime TV and we are quite pleased and happy with this investment position. "



TV Worldwide Management also stated that Maritime TV was preparing to announce several new content strategic partnerships and program series, both nationally and internationally, in the next few months.

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