August 20, 2009 (FinancialWire) — NexHorizon Communications, Inc. (OTC: NXHZ) has executed a letter of intent to acquire all of the assets of Digital Media International, Inc.

DMI is a new media entertainment company with three operating divisions: Dynamic Media Network, the producer and distributor of high definition original TV content on 14 digital TV channels targeted for worldwide Internet, IPTV and iPhone platforms; Dynamic Media Music, the producer and distributor of original music content through its iRecords music label and its ownership of Zuma Pacific Entertainment Inc, and its worldwide distribution output arrangement with ADA/Warner Music Group; and Dynamic Media Pictures, the motion picture production, finance and distribution division. The all stock deal is expected to close in fourth quarter 2009.

Calvin D. Smiley, Sr., NexHorizon Communications CEO, said, “Content is King, someone wise once said about communications, and it is truer than ever. As a high-speed purveyor of entertainment, news, sports, data and telephone services, NexHorizon is delighted to add this very special producer of fine content to our customer-centered programming.”

DMI Co-Founders Alan J. Bailey and Skip Fredricks, said, “We are thrilled to have the opportunity of joining Cal Smiley and his team at NexHorizon in this groundbreaking alliance. We will be able to marry our multi-media content and distribution channels with one of the most innovative and fast growing regional cable companies delivering diversified and exciting new programming.”

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