NEWARK, N.J. — Three investment groups are starting up an adult entertainment company that is set to produce video titles from four new studios.
Called Elite Media Group International," the company is being financed by Marvan Group LLC, South Philly Investments LLC and Wellesley Partners LLC
The three investment groups along with the company's new CEO, Louie Rivers, have been strategizing, planning and developing the new company for more than a year.
“Now is the time to build and to take advantage of this global recession," Rivers said. "Elite has a major web adult reality series leading the charge which is set to launch the end of August at the L.A. Exxxotica Show."
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