MEDIA GLOBO Celebrates 2010 Annual Shareholder Meeting

Denver, CO (PRWEB) December 15, 2010

The MEDIA GLOBO Corporation [OTC : MGLO] announced today that the Company formally held its 2010 Annual General Meeting of Shareholders on November 19, 2010; and all proposed business development initiatives received overwhelming proxy approval.

The announcement follows a MEDIA GLOBO trademark registration now pending before the U.S. Patent and Trademark Office, along with the Companys 2010 investment and development of The Education Channel and Walden High as key strategic initiatives within the online secondary education market. Further announcements are expected.

A quorum of 93,495,000 common shares of the total 93,527,227 issued and outstanding common shares in MGLO, as of the Companys June 30, 2010 fiscal year-end, tendered proxies in favor of (FOR) the proposed matters of business at the meeting; thus representing 99.96 % of all common stock voting shares as of the record date for the 2010 Annual General Meeting of Shareholders of The MEDIA GLOBO Corporation.

In addition to approving the Companys online education business, MGLO shareholders re-approved the 2007 business merger between MEDIA GLOBO and AXESS MEDIA, including its predecessor BIOLOGIX [OTCBB: BGIX], as well as a 2008 NASDAQ authorized reverse split of the MGLO publicly-traded common stock securities. For more visit the Company’s website at: .

Safe Harbor Statement

Included in this press announcement and referenced hereunder are The MEDIA GLOBO Corporation forward-looking statements and projections within the meaning of Section 27A of the Securites Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to be correct, nor relied upon for investment purposes.

Copyright 2010

The MEDIA GLOBO Corporation

All Rights Reserved


Vermonts Captive Insurance Industry Celebrates 30th Anniversary. Captive Insurance Law Signed in 1981

Montpelier, VT (PRWEB) June 08, 2011

The 30th anniversary of the signing of Vermonts captive insurance legislation will be celebrated in Burlington led by Governor Peter Shumlin at a reception in the historic Union Station on Burlingtons waterfront. The event is co-hosted by the State of Vermont and the Vermont Captive Industry Association (VCIA). Former Governor Jim Douglas will also be in attendance for the event.

I am delighted to invite the captive insurance industry to join us in celebrating three decades of service that has resulted in Vermonts leadership position as a domicile, said Governor Shumlin. Governors and legislatures since the signing of the law have come together to support this industry, and I am pleased that former governor Jim Douglas will join me on this special occasion.

Vermonts captive insurance law has been called the gold standard by trade press for its consistency in keeping pace with the changing needs of the industry over the past thirty years and it has been used by other domiciles as a model of regulation. Captive insurance is a regulated form of self insurance that has existed since the 1960s and has been a part of the Vermont insurance industry since 1981, when Vermont passed the Special Insurer Act. Captive insurance companies are formed by companies or groups of companies as a form of alternative insurance to better manage their own risk.

Captives are typically used for corporate lines of insurance such as property, general liability, products liability, or professional liability. Growth sectors of the captive insurance industry include securitization, professional medical malpractice coverage for doctors and hospitals, and the continued trend of small and mid-sized companies forming captive insurance companies.

The 30th anniversary Vermont captive insurance event will be held on Wednesday, June 22 from 4:30 to 6:30 p.m. in downtown Burlington’s historic Union Station. Sponsors of the event include Primmer Piper Eggleston & Cramer PC, Paul Frank + Collins Attorneys at Law, and Downs Rachlin Martin PLLC.

Vermont is the largest captive insurance domicile in the U.S. and the third largest in the world, with an excess of $ 25 billion in gross written premium in 2010. Vermont is also home to 42 of the companies that make up the Fortune 100 and 18 of the companies that make up the Dow 30.

For more information on Vermonts captive industry, visit or call Dan Towle at 802-828-5232 or email Dan.Towle(at)state(dot)vt(dot)us.


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