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GENE SIMMONS' NGTV Media Company Wading Into IPO Market

July 16, 2006

According to KissKollector.com, NGTV (No Good Television),Gene Simmons' cable-TV media company, is planning to go public in the coming days by wading into the IPO (initial public offering) market. The Beverly Hills-based firm plans to offer 6.03 million units at $5.75 to $6.25 each in a bid to raise about $36 million with Capital Growth Financial. NGTV, which bills itself as a developer of TV programs for cable and internet, providing uncensored news, entertainment and lifestyle-based programming aimed at mature audiences, plans to trade on the American Stock Exchange under the symbol "NGI." Gene was elected to the company's board of directors in February 2004 and became chairman at that time.

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