WILLIAM SHATNER to HOST McKENZIE BAY VIDEOS HEARTBEAT of AMERICA to PRODUCE VIDEOS & TV SHOW NEWS RELEASE - MAY 23, 2000 - BRIGHTON,
MI McKenzie Bay International Ltd (“MKBY”-OTC), is pleased to announce that Heartbeat of America, Inc will write, direct and produce a thirty-minute television show entitled “Heartbeat of America” featuring McKenzie Bay. In addition, Heartbeat will produce three corporate documentary videos featuring McKenzie Bay with William Shatner as host.
McKenzie Bay recently purchased 100% of the Kelsey Lake Diamond Mine near Ft. Collins, Colorado, America’s only commercial producing diamond mine. Historical diamond production, sixty-five percent gem quality, included two 28-carat stones.
McKenzie Bay also owns an 80% joint venture interest in the Lac Dore Vanadium-Titanium deposit, North America’s largest (second largest in the world) vanadium deposit located North of Montreal, Quebec. Vanadium, a strategic metal used as a strengthening agent in alloys, is increasingly being used to produce batteries for use in fuel cells and load leveling applications. Medical researchers are testing drugs containing vanadium to fight cancer and diabetes.
William Shatner will appear on three corporate documentary videos to introduce each video and briefly set the stage for what is to follow and perform the close. Videos, approximately five, ten and fifteen minutes in length, are extracted from show segments. All on camera personalities and celebrities who perform on the show will appear on the videos.
Bert Tenzer, acclaimed writer, director and producer will create the show for Heartbeat in a news magazine format, utilizing recognized television anchors and reporters interviewing McKenzie Bay executives. Heartbeat guarantees the show will be aired one time nationally via cable or satellite within three months after completion and selects the airing date, time
and channel.
Heartbeat retains exclusive and perpetual worldwide sales rights for the show and will receive 100% of any and all revenues derived from the show. McKenzie Bay has perpetual rights to make unlimited copies of the videos for non-broadcast use.
All costs, charges, expenses and obligations of any kind arising from the production of the show and the videos are the sole responsibility of Heartbeat. McKenzie Bay paid US$50,000 to
Heartbeat for its share of these expenses and issued 100,000 Common Shares, 200,000 Common Share Warrants exercisable for five years @ US$1.00/share and 200,000 Common Share Warrants exercisable for five years @ US$3.00/share.
