NEW YORK, Aug. 23 /PRNewswire/ -- EduLink, Inc. announced today that it has closed a $1.5 million stock purchase agreement. The Company received an initial investment upon closing and will receive the balance in three additional tranches over the next several months.
EduLink is the parent company of Mega Media Group, Inc. Mega Media Group's holdings offer a broad range of services, including talent management, music publishing, recording, music production and distribution, video production, radio broadcasting, and Russian ethnic programming, including Radio VSE (87.7 FM), the most listened to Russian radio station outside of Russia. With the explosion of the Russian American marketplace over the last decade, Mega Media Group's experience in that space has made them a leader in helping corporate America reach this market.
Commenting on the announcement, Alex Shvarts, Chief Executive Officer of Mega Media Group, Inc., stated, "This funding will provide us with the necessary capital to execute our business plan and to explore strategic development opportunities that will create additional revenue and profit streams for the company."
About EduLink, Inc.
EduLink operates its business through its wholly-owned subsidiary, Mega Media Group, Inc., which is a multi-media holding company operating its business through its subsidiaries, Mega Media Studios, Inc., Mega Media Records, Inc. d/b/a Skeleton Key Entertainment, Mega Media Film, Inc., Mega Media Sports Entertainment, Inc. and Echo Broadcasting Group, Inc. Mega Media Group focuses its business in mainstream entertainment and media and Russian ethnic media. These subsidiaries offer a broad range of services, including talent management, music publishing, recording, music production and distribution, video production and distribution, radio broadcasting and Russian ethnic programming.
Contact:
Mark Cohen - IR
5W Public Relations
212.999.5585 x 244
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