SAUSALITO, CA - Public Media Works and its wholly-owned subsidiary, EntertainmentXpress, announced an agreement with Modular Conversions to place up to 7,000 DVD movie and game kiosks in new convenience stores as major oil company-sponsored gas station conversions are completed over the next three years across the United States.
The initial phase includes full funding for the installation of up to 1,500 EntertainmentXpress kiosks to be placed in West Coast targeted locations.
Modular Conversions created the concept for the convenience store conversions with exterior construction and a modular interior store design that includes all components, fixtures and accoutrements including the EntertainmentXpress DVD kiosk as a part of the proposed turnkey package.
These programs provide a pre-approval for financing for filling station operators who sign on. Financing for the conversions, over and above what may be subsidized by the oil companies, has been arranged by Modular Conversions through private lenders and a mutual fund, according to the construction company's COO, Jack Neal.
"We have launched a multi-billion dollar project to convert bays to convenience stores for owners of major oil company brand filling stations across the U.S. who subscribe to the program. It is a very exciting project that will bring huge brand value for oil companies and a significant increased revenue opportunity for the independent station operators. And as part of our overall funding arrangements for this venture, we are planning to allocate up to $154 million to fully finance as many as 7,000 kiosks placed and operated by EntertainmentXpress," said Neal.
"EntertainmentXpress stands out among the others with the most contemporary approach, including movies and video game rentals, digital download capabilities, plus a built-in 3D flat screen for in-store advertising that allows our station owners to share in both the DVD and advertising revenues. This kiosk should represent the most profitable square footage in their stores," he added.