Heritage Media Corporation announced the formation of its new operating subsidiary, Screen Giant Media Private Limited (India). Through joint venture partners, Screen Giant India will secure contracts for billboard placements in India's prime metro areas, including Mumbai and New Delhi. Although the addressable market could easily accommodate 1,000 screens, the company is initially negotiating funding for the build out of a 100-screen network. With a diverse population now exceeding one billion, the demographics of advertising in India are exceptional. Heritage Media Corporation intends to establish a global network presence in order to maximize the reach and value of its outdoor video advertising services.

Heritage Media Corporation announced that John Manolescu and Victor Gauthier, both of Calgary, Alberta and Anthony Ferracone of Los Angeles, California have joined the Heritage management team. John Manolescu is a Calgary-based businessman with substantial executive level experience in corporate finance, business development and operations management. For the past two years he has provided management consulting services to a number of corporations, including Heritage Media and its subsidiary, Screen Giant Media Corporation. Victor Gauthier, a Calgary resident, has an extensive business career beginning in 1968 with the founding of a residential construction and land development company that grew to be one of the largest in northern Ontario. More recently, Gauthier co-founded Maxxal International.