PRN Corporation Launches In-Store TV Network in Pathmark Stores
December 14 2004 - 9:00AM
PR Newswire (US)
PRN Corporation Launches In-Store TV Network in Pathmark Stores
Pathmark's 'Adopt-A-Family for the Holiday' Program to Air on
Network During Holiday Season SAN FRANCISCO, Dec. 14 /PRNewswire/
-- PRN Corporation announced today that Premier Retail Networks,
Inc., its wholly owned subsidiary, has signed an agreement to
install its in-store television network at checkout lanes in all of
Pathmark Stores, Inc. (NASDAQ:PTMK). In addition, Pathmark and PRN
are partnering to promote awareness of Pathmark's fifth annual
"Adopt-A-Family for the Holiday" program on the in-store TV
network. At each Pathmark store, at least one family from the
community is adopted with the intention of providing some
assistance to help brighten the holiday season. Families receive
gifts donated by company associates as well as Pathmark gift
certificates to be used for the purchase of a holiday meal. John
Derderian, Executive Vice President of Business Strategy and
Marketing, Pathmark Stores, stated, "Offering PRN's in-store
television network to our shoppers at our checkout lanes supports
our commitment to providing a superior shopping experience by
providing helpful information. We believe this innovative medium
will enhance the customer's experience. Pathmark has tested PRN's
Supermarket Network at select stores and over 90 percent of our
customers perceive this to be a positive program offered at the
checkout. We are especially happy to announce that one of our first
programming initiatives on the Network will be our 'Adopt-A-Family
for the Holiday' program." Programming and advertising on the PRN
Network in Pathmark stores incorporate interesting and relevant
topics for household decision makers -- including tips and
information in the areas of home, family, self, and recreation.
Long time PRN content partners include Food Network, Discovery
Health, Oxygen Network and In Style magazine, among others. News
headlines and weather information, which are updated automatically
throughout the day using wireless digital network technology, are
specific to each store's zip code. Natalie Egleston, General
Manager of PRN's Supermarket Network, stated, "Pathmark has taken a
leading role in innovation in the supermarket industry and we are
pleased to deliver the Supermarket Network in Pathmark's 142 stores
in the New York -- New Jersey and Philadelphia metropolitan areas,
further enhancing PRN's reach in these key markets. The Supermarket
Network allows advertisers to reach a large audience with
tremendous spending power. Advertisers can connect with consumers
via a national message complemented by a local 'call to action,'
which may be customized for each store location by zip code. We
look forward to providing an entertaining and informative
experience for shoppers in checkout lanes at Pathmark." About
Pathmark Stores Pathmark Stores, Inc. is a regional supermarket
currently operating 142 supermarkets primarily in the New York-New
Jersey and Philadelphia metropolitan areas. About PRN Corporation
Founded in 1992, the PRN Corporation operates the PRN Network, the
largest in-store television network in the United States based on
the number of consumers reached each month. Through the PRN
Network, PRN enables national and local advertisers to target
consumers in over 5,000 leading retail stores in all of the 210
media markets designated by AC Nielsen in the United States. PRN
works with retailers and advertisers to create in-store television
programming that includes entertainment, news, product information,
advertising and community content. Retailers carrying the PRN
Network include Best Buy, Circuit City, Costco, Pathmark Stores,
Ralphs, SAM'S CLUB, Sears and Wal-Mart Stores. Based on information
provided by several third-party research firms and retailers, PRN
Network is watched more than 150 million times each month by
consumers in retail stores. For the quarter ended June 30, 2004,
the average number of Consumer Viewing Areas, or CVAs, in the PRN
Network was 34,907. CVAs are discreet shopping areas within the
retail store in which one or more video displays are installed and
the PRN Network is aired. PRN's headquarters are in San Francisco,
California. For more information, please visit http://www.prn.com/.
Forward-Looking Statements Except for the historical information
contained herein, the matters set forth in this press release,
including the expected programming content, the features and
benefits of the PRN Network and PRN's intent to continue to seek
other retailer partnerships, are forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially,
including, but not limited to, the ability to complete installation
on schedule, and other risks detailed in PRN's SEC filings. These
forward-looking statements speak only as of the date hereof. PRN
disclaims any obligation to update these forward-looking
statements. DATASOURCE: PRN Corporation CONTACT: Genet Garamendi,
+1-415-808-9167, or Erica Pettit, +1-212-850-5614, or , or Evan
Smith, CFA, +1-212-850-5606, or , all for Premier Retail Networks;
or Rich Savner, Public Affairs for Pathmark Stores, +1-732-499-3131
Web site: http://www.prn.com/
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